Funding › GRAM
GRAM perpetual
On Hyperliquid, GRAM funding is 10.95% a year, settled hourly, and longs pay shorts. It has been exactly this on 508 of the 719 hourly readings of the last 30 days — higher on 197, lower on 14. Holding $10,000 long costs $21.00 a week at this rate. All 3 venues publish the same annualised rate right now. Read at .
Amber above the line is longs paying shorts, cyan below is shorts paying longs; the line itself is zero, where neither side pays. Each point is the mean of one day, from Hyperliquid's own hourly settlements. Over these 90 days the rate ran from -15.44% to 74.49% a year. The axis is drawn to ±66.73%, the 96th percentile rather than the extreme, because one spike otherwise flattens the whole shape onto the line — 3 days sit beyond it and are drawn at the edge.
Mark price and funding update every minute. The oracle index, open interest and max leverage come from the snapshot taken . The period change, high, low and volume are read from the candle series behind the chart, collected every 12 hours and last written at 05:52 UTC; margin tiers are published by the venue and change only when it changes them.
Candles and the volume bars beneath them are green where a bar closed at or above its open and red where it closed below, and green bodies are hollow so direction reads without relying on colour — except 3 of the 46 green candles, whose bodies are too short to outline and drawn solid. Hollow is the older convention and the one that matters here: simulated for protanopia the two candle colours separate by very little, so an outlined body carries the direction when the hue cannot. Funding is not drawn on this chart — it has its own figure above, on the daily series. Hovering a candle reads that bar's funding, and the table below carries it as a column. Hyperliquid publishes its own funding hourly; the stored series begins 2 Jul 2026, and a bar older than that has no funding reading.
1D bars as a table (91 rows, open · high · low · close · volume · funding)
| Time (UTC) | Open | High | Low | Close | Volume (GRAM) | Funding APR |
|---|---|---|---|---|---|---|
| 2026-07-02 00:00 | $1.644 | $1.724 | $1.636 | $1.671 | 8.32M | 170.57% |
| 2026-07-03 00:00 | $1.671 | $1.748 | $1.638 | $1.693 | 4.45M | 41.71% |
| 2026-07-04 00:00 | $1.690 | $1.847 | $1.668 | $1.769 | 5.84M | 27.31% |
| 2026-07-05 00:00 | $1.768 | $1.812 | $1.721 | $1.778 | 2.48M | 20.99% |
| 2026-07-06 00:00 | $1.780 | $1.810 | $1.695 | $1.780 | 4.88M | 16.74% |
| 2026-07-07 00:00 | $1.782 | $1.800 | $1.613 | $1.620 | 5.07M | 14.13% |
| 2026-07-08 00:00 | $1.623 | $1.629 | $1.547 | $1.587 | 2.26M | 10.95% |
| 2026-07-09 00:00 | $1.587 | $1.649 | $1.573 | $1.604 | 1.34M | 10.95% |
| 2026-07-10 00:00 | $1.604 | $1.690 | $1.597 | $1.646 | 1.94M | 11.28% |
| 2026-07-11 00:00 | $1.645 | $1.700 | $1.626 | $1.642 | 1.16M | 24.93% |
| 2026-07-12 00:00 | $1.643 | $1.665 | $1.606 | $1.619 | 922.62K | 11.02% |
| 2026-07-13 00:00 | $1.619 | $1.643 | $1.575 | $1.597 | 917.98K | 10.95% |
| 2026-07-14 00:00 | $1.597 | $1.653 | $1.559 | $1.618 | 1.17M | 10.95% |
| 2026-07-15 00:00 | $1.619 | $1.622 | $1.556 | $1.576 | 1.23M | 10.95% |
| 2026-07-16 00:00 | $1.576 | $1.586 | $1.512 | $1.516 | 1.27M | 9.23% |
| 2026-07-17 00:00 | $1.516 | $1.549 | $1.361 | $1.497 | 4.93M | -15.44% |
| 2026-07-18 00:00 | $1.497 | $1.501 | $1.458 | $1.474 | 315.02K | 10.95% |
| 2026-07-19 00:00 | $1.473 | $1.479 | $1.422 | $1.445 | 671.14K | 6.52% |
| 2026-07-20 00:00 | $1.444 | $1.465 | $1.404 | $1.431 | 790.15K | 10.95% |
| 2026-07-21 00:00 | $1.431 | $1.567 | $1.428 | $1.548 | 6.74M | 10.95% |
| 2026-07-22 00:00 | $1.547 | $1.591 | $1.489 | $1.492 | 1.60M | 10.95% |
| 2026-07-23 00:00 | $1.492 | $1.530 | $1.450 | $1.462 | 1.41M | 10.95% |
| 2026-07-24 00:00 | $1.462 | $1.476 | $1.433 | $1.469 | 921.15K | 10.95% |
| 2026-07-25 00:00 | $1.469 | $1.513 | $1.455 | $1.507 | 896.91K | 10.95% |
| 2026-07-26 00:00 | $1.507 | $1.522 | $1.495 | $1.518 | 583.96K | 10.95% |
| 2026-07-27 00:00 | $1.517 | $1.521 | $1.451 | $1.458 | 868.20K | 10.95% |
| 2026-07-28 00:00 | $1.458 | $1.472 | $1.425 | $1.448 | 2.46M | -4.81% |
| 2026-07-29 00:00 | $1.450 | $1.455 | $1.379 | $1.404 | 4.78M | 0.53% |
| 2026-07-30 00:00 | $1.404 | $1.436 | $1.394 | $1.428 | 507.79K | 9.00% |
| 2026-07-31 00:00 | $1.428 | $1.431 | $1.380 | $1.405 | 768.12K | 7.33% |
| 2026-08-01 00:00 | $1.405 | $1.412 | $1.380 | $1.391 | 442.57K | 10.95% |
| 2026-08-02 00:00 | $1.392 | $1.429 | $1.391 | $1.427 | 192.36K | 10.95% |
| 2026-08-03 00:00 | $1.427 | $1.428 | $1.393 | $1.413 | 531.63K | 9.70% |
| 2026-08-04 00:00 | $1.413 | $1.416 | $1.293 | $1.391 | 9.94M | 10.27% |
| 2026-08-05 00:00 | $1.391 | $1.414 | $1.383 | $1.403 | 866.04K | 10.95% |
| 2026-08-06 00:00 | $1.403 | $1.405 | $1.367 | $1.368 | 506.21K | 10.94% |
| 2026-08-07 00:00 | $1.368 | $1.373 | $1.302 | $1.354 | 1.22M | 10.80% |
| 2026-08-08 00:00 | $1.355 | $1.369 | $1.348 | $1.364 | 320.13K | 10.95% |
| 2026-08-09 00:00 | $1.363 | $1.366 | $1.315 | $1.318 | 451.59K | 10.95% |
| 2026-08-10 00:00 | $1.318 | $1.349 | $1.309 | $1.326 | 1.35M | 9.65% |
| 2026-08-11 00:00 | $1.326 | $1.353 | $1.313 | $1.341 | 987.22K | 10.95% |
| 2026-08-12 00:00 | $1.339 | $1.376 | $1.332 | $1.349 | 2.84M | 13.06% |
| 2026-08-13 00:00 | $1.349 | $1.355 | $1.323 | $1.334 | 922.68K | 11.66% |
| 2026-08-14 00:00 | $1.334 | $1.345 | $1.319 | $1.337 | 272.50K | 10.95% |
| 2026-08-15 00:00 | $1.337 | $1.362 | $1.331 | $1.344 | 133.38K | 10.95% |
| 2026-08-16 00:00 | $1.344 | $1.353 | $1.330 | $1.333 | 132.02K | 10.95% |
| 2026-08-17 00:00 | $1.333 | $1.340 | $1.320 | $1.328 | 209.50K | 10.95% |
| 2026-08-18 00:00 | $1.328 | $1.349 | $1.299 | $1.321 | 1.46M | 11.51% |
| 2026-08-19 00:00 | $1.321 | $1.385 | $1.315 | $1.367 | 1.42M | 10.95% |
| 2026-08-20 00:00 | $1.367 | $1.417 | $1.348 | $1.401 | 3.31M | 16.31% |
| 2026-08-21 00:00 | $1.400 | $1.498 | $1.393 | $1.494 | 7.88M | 68.95% |
| 2026-08-22 00:00 | $1.495 | $1.564 | $1.387 | $1.446 | 5.45M | 40.42% |
| 2026-08-23 00:00 | $1.445 | $1.549 | $1.423 | $1.495 | 4.21M | 70.65% |
| 2026-08-24 00:00 | $1.496 | $1.499 | $1.458 | $1.465 | 2.15M | 50.23% |
| 2026-08-25 00:00 | $1.465 | $1.507 | $1.436 | $1.440 | 3.94M | 21.40% |
| 2026-08-26 00:00 | $1.441 | $1.462 | $1.341 | $1.410 | 6.84M | 18.58% |
| 2026-08-27 00:00 | $1.410 | $1.456 | $1.373 | $1.416 | 2.25M | 13.15% |
| 2026-08-28 00:00 | $1.416 | $1.429 | $1.327 | $1.371 | 1.65M | 10.95% |
| 2026-08-29 00:00 | $1.371 | $1.372 | $1.349 | $1.356 | 889.63K | 16.40% |
| 2026-08-30 00:00 | $1.356 | $1.387 | $1.321 | $1.338 | 786.93K | 14.82% |
| 2026-08-31 00:00 | $1.333 | $1.474 | $1.322 | $1.389 | 10.65M | 10.95% |
| 2026-09-01 00:00 | $1.389 | $1.409 | $1.303 | $1.317 | 4.59M | 10.72% |
| 2026-09-02 00:00 | $1.316 | $1.337 | $1.292 | $1.332 | 1.16M | 10.56% |
| 2026-09-03 00:00 | $1.332 | $1.382 | $1.322 | $1.372 | 2.57M | 10.95% |
| 2026-09-04 00:00 | $1.371 | $1.433 | $1.351 | $1.394 | 7.45M | 12.59% |
| 2026-09-05 00:00 | $1.395 | $1.455 | $1.388 | $1.434 | 2.31M | 16.39% |
| 2026-09-06 00:00 | $1.433 | $1.440 | $1.407 | $1.436 | 789.56K | 40.56% |
| 2026-09-07 00:00 | $1.436 | $1.438 | $1.385 | $1.391 | 1.98M | 13.98% |
| 2026-09-08 00:00 | $1.390 | $1.416 | $1.377 | $1.401 | 1.11M | 10.83% |
| 2026-09-09 00:00 | $1.403 | $1.420 | $1.355 | $1.374 | 2.65M | 27.29% |
| 2026-09-10 00:00 | $1.374 | $1.384 | $1.335 | $1.343 | 872.57K | 10.95% |
| 2026-09-11 00:00 | $1.343 | $1.387 | $1.336 | $1.364 | 843.25K | 10.95% |
| 2026-09-12 00:00 | $1.363 | $1.387 | $1.359 | $1.385 | 638.67K | 10.95% |
| 2026-09-13 00:00 | $1.385 | $1.385 | $1.340 | $1.343 | 1.27M | 10.00% |
| 2026-09-14 00:00 | $1.343 | $1.373 | $1.339 | $1.352 | 416.32K | 10.23% |
| 2026-09-15 00:00 | $1.352 | $1.354 | $1.305 | $1.323 | 977.65K | 10.61% |
| 2026-09-16 00:00 | $1.323 | $1.323 | $1.288 | $1.317 | 746.51K | 10.95% |
| 2026-09-17 00:00 | $1.317 | $1.351 | $1.310 | $1.343 | 1.00M | 10.95% |
| 2026-09-18 00:00 | $1.343 | $1.386 | $1.337 | $1.377 | 2.09M | 19.85% |
| 2026-09-19 00:00 | $1.377 | $1.402 | $1.350 | $1.382 | 3.93M | 26.08% |
| 2026-09-20 00:00 | $1.382 | $1.398 | $1.364 | $1.387 | 1.97M | 13.56% |
| 2026-09-21 00:00 | $1.386 | $1.487 | $1.375 | $1.450 | 4.87M | 63.28% |
| 2026-09-22 00:00 | $1.449 | $1.495 | $1.416 | $1.476 | 5.42M | 35.34% |
| 2026-09-23 00:00 | $1.476 | $1.480 | $1.390 | $1.413 | 6.36M | 51.91% |
| 2026-09-24 00:00 | $1.413 | $1.444 | $1.392 | $1.410 | 3.31M | 17.88% |
| 2026-09-25 00:00 | $1.410 | $1.467 | $1.403 | $1.461 | 5.73M | 56.17% |
| 2026-09-26 00:00 | $1.461 | $1.625 | $1.441 | $1.622 | 10.44M | 74.49% |
| 2026-09-27 00:00 | $1.621 | $1.728 | $1.543 | $1.634 | 15.51M | 66.73% |
| 2026-09-28 00:00 | $1.634 | $1.728 | $1.557 | $1.574 | 16.59M | 36.37% |
| 2026-09-29 00:00 | $1.573 | $1.604 | $1.471 | $1.481 | 11.04M | 12.39% |
| 2026-09-30 00:00 | $1.480 | $1.528 | $1.451 | $1.510 | 2.63M | 7.74% |
Funding
Funding by venue
The quoted column is what each venue publishes. Those numbers are not comparable to each other; the annualised column is. What a funding rate is, and who pays it → Cost of holding GRAM, at your size and horizon → · Whether the spread between them is worth trading →
| Venue | Quoted rate | Interval | Settlements / yr | Annualised |
|---|---|---|---|---|
| Hyperliquid | 0.0000125 | 1h | 8,760 | 10.95% |
| Binance | 0.00005 | 4h | 2,190 | 10.95% |
| Bybit | 0.00005 | 4h | 2,190 | 10.95% |
Margin tiers
Maintenance margin is half the initial margin at the tier's max leverage. At 5× long
with 1 GRAM entered at $1.489, the Hyperliquid mark at — 5× being this contract's tier maximum, so 10× cannot be opened on it at all — the tier-correct liquidation price is $1.324 —
11.11% below entry, where the common
entry × (1 − 1/leverage) formula puts it 10.00% below at
$1.340 for the 10× that was asked for —
$0.017 more room than the formula shows, because the tier caps the leverage at 5×. Size a position against this liquidation price → ·
What GRAM allows at your notional → ·
Every GRAM liquidation level, mapped →
| Tier | Notional from | Max leverage | Maintenance margin |
|---|---|---|---|
| 1 | $0 | 5× | 10.000% |