Funding rates

55 perpetual contracts, each venue's rate annualised; 50 are quoted on all three venues, 3 on two and 2 on Hyperliquid alone. Hyperliquid settles hourly; Binance and Bybit settle every 4 or 8 hours, depending on the contract — so comparing the quoted numbers directly makes the shorter interval look cheaper by exactly the interval ratio. A cell in the table is tinted by how far its rate sits from what is normal for that venue, so a contract resting on the venue’s usual rate stays plain and the ones the market has actually priced stand out. Every other figure is neutral. What a funding rate is → How it is computed →

Funding updates every minute. Open interest and 24-hour volume come from the snapshot taken 3 min ago.

The 7-day shape column is Hyperliquid funding in four-hour means, drawn for 55 of 55 contracts on one axis shared by every row, so a tall shape really is a bigger move than a short one. The axis runs ±65.06% a year — the 96th percentile of the column rather than its extreme, because CASHCAT at 397.39% would otherwise flatten the other 54. 91 of 2252 readings sit outside it, each marked with a tick at the edge it left by. Amber above the line is longs paying, cyan below is shorts paying. A contract with no stored history yet shows a dash rather than a flat line.

76 of the 178 perpetuals the venue lists clear the $5.00M floor today and 55 have pages — 21 clear the floor but rank below the largest 50 and have no page yet; 5 keep their pages although outranked. A contract gets a page when its perpetual holds $5.00M of open interest and ranks among the largest 50 by open interest. Once published it keeps the page while its open interest stays above $3.50M, even if larger contracts outrank it — up to 5 pages beyond the 50. A coin below the floor is left out rather than published with sparse data, and the retained band means a published URL does not appear and vanish on ordinary noise.