Crypto funding rates, live: who is paying whom on the 25 largest Hyperliquid perpetuals
Live · updated 2026-11-06 01:33 UTC · refreshes every 5 minutesFunding rates on the 25 largest Hyperliquid perps
| Coin | Price | 24h | Funding (APR) | 1h rate | Open interest | 24h volume | Max lev. |
|---|---|---|---|---|---|---|---|
| BTC | 76,160 | -5.2% | +11.0% | 0.0013% | $3.06B | $4.89B | 40x |
| ETH | 2,240 | -7.2% | +11.0% | 0.0013% | $2.15B | $1.53B | 25x |
| HYPE | 77.43 | -7.8% | +11.0% | 0.0013% | $1.72B | $862.2M | 10x |
| ZEC | 1,314 | +1.5% | +59.0% | 0.0067% | $680.9M | $731.8M | 10x |
| SOL | 90.00 | -5.8% | +11.0% | 0.0013% | $479.2M | $369.1M | 20x |
| XRP | 1.22 | -6.4% | +11.0% | 0.0013% | $206.2M | $95.5M | 20x |
| NEAR | 3.72 | -7.1% | +11.0% | 0.0013% | $162.3M | $111.0M | 10x |
| XMR | 620.14 | -2.8% | +48.6% | 0.0056% | $155.0M | $61.9M | 5x |
| LIT | 3.40 | +1.9% | +8.1% | 0.0009% | $126.0M | $63.5M | 5x |
| PUMP | 0.00392 | -7.9% | +11.0% | 0.0013% | $83.1M | $62.7M | 10x |
| UNI | 6.93 | -9.1% | +11.0% | 0.0013% | $70.2M | $39.7M | 10x |
| DOGE | 0.0720 | -6.1% | +3.6% | 0.0004% | $69.3M | $15.5M | 10x |
| ENA | 0.163 | -10.1% | +11.0% | 0.0013% | $69.2M | $35.6M | 10x |
| VVV | 21.13 | -0.2% | +11.0% | 0.0013% | $59.7M | $19.3M | 3x |
| LINK | 10.83 | -4.8% | +11.0% | 0.0013% | $53.3M | $31.9M | 10x |
| AAVE | 130.47 | -0.0% | +11.0% | 0.0013% | $52.5M | $16.7M | 10x |
| kPEPE | 0.00491 | -1.5% | +10.0% | 0.0011% | $51.9M | $40.6M | 10x |
| ZRO | 1.61 | -11.9% | +11.0% | 0.0013% | $50.9M | $16.0M | 5x |
| XPL | 0.0575 | -9.9% | +8.2% | 0.0009% | $43.0M | $21.1M | 10x |
| WLD | 0.345 | -7.7% | -51.2% | -0.0058% | $41.1M | $53.0M | 10x |
| BNB | 694.41 | -3.0% | +11.0% | 0.0013% | $40.5M | $21.0M | 10x |
| MON | 0.0170 | -6.2% | +11.0% | 0.0013% | $29.0M | $2.2M | 5x |
| SUI | 0.859 | -7.1% | +0.9% | 0.0001% | $28.5M | $21.3M | 10x |
| TAO | 219.85 | -6.4% | +11.0% | 0.0013% | $27.1M | $11.3M | 5x |
| PAXG | 4,068 | -0.8% | +11.0% | 0.0013% | $26.1M | $4.9M | 10x |
Most crowded trades right now
Longs paying the most
| Coin | Funding (APR) | Open interest |
|---|---|---|
| ZEC | +59.0% | $680.9M |
| XMR | +48.6% | $155.0M |
| USELESS | +41.2% | $10.9M |
| BTC | +11.0% | $3.06B |
| ETH | +11.0% | $2.15B |
Shorts paying the most
| Coin | Funding (APR) | Open interest |
|---|---|---|
| GRAM | -59.7% | $19.7M |
| WLD | -51.2% | $41.1M |
| ADA | -7.8% | $25.4M |
| AVAX | -5.1% | $14.7M |
| FARTCOIN | -0.5% | $19.1M |
How high will Bitcoin go in 2026
| Bitcoin hits | Polymarket | Kalshi | PM − Kalshi | Cheaper YES |
|---|---|---|---|---|
| $90,000 or higher | 23.5% | – | – | – |
| $95,000 or higher | 11.5% | – | – | – |
| $100,000 or higher | 8.5% | 10.5% | -2.0 | Polymarket |
| $110,000 or higher | 3.9% | 4.5% | -0.6 | Polymarket |
| $120,000 or higher | 3.5% | 3.5% | -0.1 | – |
| $130,000 or higher | 2.1% | 2.5% | -0.5 | – |
| $140,000 or higher | 1.7% | 2.0% | -0.3 | – |
| $150,000 or higher | 1.6% | 1.5% | +0.1 | – |
| $200,000 or higher | 0.5% | 1.5% | -0.9 | Polymarket |
How to read funding rates
Hyperliquid charges funding every hour. The rate has two parts: a fixed interest component of 0.01% every eight hours, which works out to about 0.00125% an hour or roughly 11% a year, and a premium that rises when the perpetual trades above the oracle price and falls when it trades below. That is why a quiet market shows funding of about +11% a year: the interest component alone. Numbers well above that mean longs are crowded and paying up to hold their positions; negative numbers mean shorts are crowded. The Funding (APR) column annualizes the hourly rate so markets can be compared; the 1h rate column is what you actually pay or receive each hour, as a percentage of position size. Hyperliquid caps funding at 4% an hour.
What funding tells you, and what it does not
Persistently high funding means traders are paying a lot to be long, which is a sign of crowded positioning and has often come before sharp drops when those longs are forced out. Deeply negative funding is the mirror image. But funding is not a timing signal: crowded trades can stay crowded for weeks, and a high rate on a small market can be driven by a handful of accounts. Read it next to open interest, price and the positions of the largest wallets, which our Hyperliquid whale tracker shows live. To see what funding costs on a real position, use the funding and liquidation calculator; our funding guide works through examples.
Method and limits
Funding, mark price, open interest and volume come from Hyperliquid’s public info API and are refreshed every five minutes. Open interest is converted to dollars at the mark price. Annualized funding assumes the current hourly rate holds for a year, which it never does; treat it as a way to compare markets, not a forecast of cost. Bitcoin price odds come from Kalshi and Polymarket and are matched by price level. Leveraged trading can lose your entire margin. This page is market data, not investment advice, and Hyperliquid is not available to US residents.
Frequently asked questions
What is a funding rate in crypto?
It is a periodic payment between long and short traders on a perpetual future that keeps its price close to spot. Positive funding means longs pay shorts; negative means shorts pay longs. On Hyperliquid it is paid every hour.
Why do most Hyperliquid markets show about 11% funding?
Hyperliquid builds in an interest component of 0.01% every eight hours, about 11% a year. A market where the perpetual trades in line with spot pays only that. Funding above it signals extra demand to be long.
Is high funding bullish or bearish?
Neither on its own. High funding shows longs are crowded and paying to stay in, which can come before a flush lower, but it can persist for a long time in a strong trend. Use it with price, open interest and large-wallet positioning.
Where can I see who holds the largest positions?
Our Hyperliquid whale tracker shows the live open positions of the most consistently profitable wallets, including leverage and liquidation prices.
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