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HYPE · Funding rate · Live

HYPE funding rate on Hyperliquid, this hour

Funding is what longs and shorts on the HYPE perp pay each other to keep it near spot. When it is positive, longs pay. Markov reads HYPE funding from Hyperliquid, which settles it hourly, and compares this hour with the last 7 days.

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HYPE funding rate, explained

HYPE funding on Hyperliquid, from Markov's record

Over 536 hours fully recorded from 14 Oct 2026 to 6 Nov 2026 (UTC), HYPE funding on Hyperliquid averaged 0.0015% an hour (about 13.4% a year), ranged from -0.0036% to 0.0215% an hour, and was below zero for 36 of 536 hours.

Measured from Markov's record of Hyperliquid's own funding rate, sampled every minute and kept hourly. Not advice.

From the Markov blog

What does a negative funding rate mean?

Published November 6, 2026

  • Measured
  • Source: Hyperliquid
  • Freshness: About once a second, and it settles every hour

How to read it

High positive funding means longs are crowded and paying to stay in. It can stay extreme for days, and a flip in sign says positioning changed, not that price will. When funding and open interest rise together, new longs are paying to pile in.

The numbers

The live rate is Hyperliquid's estimate for this hour, updated about once a second. The median and percentile come from the last 7 days of hourly settlements. Annualized is the hourly rate × 24 × 365. Hyperliquid adds a fixed 0.00125% an hour, so a calm market reads slightly positive.

It is Hyperliquid's rate only, never mixed with other venues. The chart's Now panel, where HYPE is on Pro, shows the same number.

Glossary: funding rate, perpetual futures (perps). See the data sources. Research tools and education, not financial advice.

Questions.

Is HYPE funding paid every 8 hours?

On Hyperliquid it settles every hour. Many exchanges quote it per 8 hours, so multiply the hourly rate by 8 to compare.

What does negative HYPE funding mean?

The perp trades below spot and shorts pay longs. Shorts are the crowded side, but it isn't a signal on its own.

Is the annualized HYPE funding rate a yield?

No. It assumes this hour's rate holds for a year, which it rarely does.

More on HYPE

Funding rate, other coins

Compared