Hyperliquid lists 183 perpetual markets with funding rate data. The current mean funding rate across Hyperliquid perps is -0.49 bps (-5.38% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Hyperliquid funding rates

• ZRO: 2.43 bps (26.65% APY)
• HYPE: 1.00 bps (10.95% APY)
• PENDLE: 1.00 bps (10.95% APY)

Lowest Hyperliquid funding rates

• GMT: -49.44 bps (-541.41% APY)
• ALT: -19.43 bps (-212.79% APY)
• STABLE: -8.96 bps (-98.17% APY)

Largest absolute Hyperliquid funding rates

Markets with the most extreme Hyperliquid funding (positive or negative): GMT (-49.44 bps), ALT (-19.43 bps), STABLE (-8.96 bps).

About Hyperliquid funding rates

Funding payments keep Hyperliquid perpetual contracts pinned to the underlying spot price. A positive Hyperliquid funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Hyperliquid funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Hyperliquid can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-05-23 13:43:59 (UTC).