Hyperliquid Funding Leaderboard

Funding is a periodic payment between perpetual longs and shorts that keeps the perp price anchored to its spot oracle. Hyperliquid settles funding every hour. A positive funding rate means longs pay shorts (perp trading above oracle); negative means shorts pay longs. The exact rate is small per hour — typically ±0.01% in normal regimes — but annualized it can be large.

Funding settles hourly on Hyperliquid, so the per-hour rate × 8760 (hours in a year) gives the annualized yield assuming the rate persists. A 0.01%/hr funding rate = ~87.6% APR. The annualized number isn't a guarantee — rates flip routinely — but it's the right unit for comparing carry across pairs and against other yield sources.

Every 10 minutes. Hyperliquid settles funding hourly; the rate doesn't change faster than that, so a 10-minute refresh keeps the table accurate without hammering the API. The "Last updated" timestamp above the table reflects the actual data source freshness.

Three catches. First, funding flips. A pair paying 100% APR can drop to flat or negative inside hours — usually around news or large price moves. Second, the perp can move against your hedged short while you wait for funding to pay you back — the funding is collateral against your hedge cost. Third, the higher the funding, the more directional positioning is already crowded — entry timing matters. Use this leaderboard as a starting point, not a deploy signal.

Open the Hyperliquid Funding Rate Screener for a screened cohort of carry candidates (high funding combined with low volatility), then click "Backtest in Keel" to run the strategy with realistic fees, slippage, and funding modeled. From there you can optimize parameters and deploy live with funding-aware execution. Free to start.