Perp funding rates on Hyperliquid, Aster and Lighter
The current funding rate of every perpetual futures market on Hyperliquid, Aster and Lighter, shown per hour so venues with different payment intervals compare directly, and as APR. A positive rate means longs pay shorts. On BTC, the most traded perp across these venues, longs pay shorts 0.0013% per hour on Hyperliquid (10.95% APR), longs pay shorts 0.0012% per hour on Aster (10.77% APR) and longs pay shorts 0.0012% per hour on Lighter (10.51% APR).
Data as of . Refreshed about every minute.
All coins
624 coins, most traded first (24 h volume across venues). Rate per hour, APR below it. Open a coin for its 30-day history.
| Coin | Hyperliquid | Aster | Lighter | Gap (APR) |
|---|---|---|---|---|
| BTC | 0.0013%10.95% | 0.0012%10.77% | 0.0012%10.51% | 0.44% |
| ETH | 0.0013%10.95% | 0.0003%2.84% | 0.0009%7.88% | 8.11% |
| ZEC | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| HYPE | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SOL | 0.0002%2.06% | 0.0010%9.04% | 0.0007%6.13% | 6.98% |
| XRP | 0.0011%9.47% | 0.0013%10.95% | -0.0009%-7.88% | 18.83% |
| NEAR | 0.0013%10.95% | 0.0032%27.85% | 0.0012%10.51% | 17.34% |
| PEPE | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| LIT | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| US100 | – | – | 0.0004%3.50% | – |
| XAU | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| XMR | 0.0013%11.34% | 0.0013%10.95% | 0.0059%51.68% | 40.73% |
| PUMP | 0.0013%10.95% | 0.0011%9.99% | 0.0012%10.51% | 0.96% |
| QQQ | – | 0.0005%3.97% | 0.0015%13.14% | 9.17% |
| NVDA | – | 0.0035%30.36% | 0.0033%28.91% | 1.45% |
| INIT | -0.5000%-4380.0% | -1.1080%-9706.4% | – | 5326.4% |
| DOGE | -0.0012%-10.79% | 0.0003%2.58% | 0.0003%2.63% | 13.42% |
| ASTER | 0.0013%10.95% | 0.0032%28.25% | 0.0012%10.51% | 17.74% |
| JCT | – | 0.0139%121.6% | – | – |
| SPY | – | 0.0020%17.85% | 0.0004%3.50% | 14.35% |
| UNI | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| AVAX | 0.0006%4.89% | 0.0013%10.95% | 0.0000%0.00% | 10.95% |
| BNB | 0.0013%10.95% | 0.0013%11.50% | 0.0012%10.51% | 0.99% |
| XAG | – | 0.0005%4.09% | 0.0013%11.39% | 7.30% |
| SOXL | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| SNDK | – | 0.0000%0.00% | 0.0008%7.01% | 7.01% |
| SUI | 0.0012%10.69% | 0.0013%10.95% | 0.0008%7.01% | 3.94% |
| VVV | 0.0013%10.95% | 0.0013%10.95% | -0.0007%-6.13% | 17.08% |
| ENA | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| GRAM | 0.0013%10.95% | 0.0067%59.06% | 0.0012%10.51% | 48.55% |
| WTI | – | – | -0.0048%-42.05% | – |
| AAVE | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| US500 | – | – | 0.0004%3.50% | – |
| ANTHROPIC | – | 0.0006%5.48% | -0.0004%-3.50% | 8.98% |
| BRENTOIL | – | – | -0.0100%-87.60% | – |
| AAPL | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| ARB | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SKHYNIXUSD | – | – | 0.0004%3.50% | – |
| GOOGL | – | 0.0007%6.23% | 0.0012%10.51% | 4.29% |
| TSLA | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AMD | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| WLD | 0.0013%10.95% | 0.0011%9.25% | 0.0012%10.51% | 1.70% |
| ADA | -0.0001%-0.67% | 0.0011%9.21% | 0.0000%0.00% | 9.88% |
| MU | – | 0.0000%0.00% | 0.0015%13.14% | 13.14% |
| SPCX | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| LINK | 0.0013%10.95% | 0.0013%10.95% | 0.0007%6.13% | 4.82% |
| META | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AMZN | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| TAO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SKHY | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| CASHCAT | 0.0013%10.95% | -0.0346%-302.7% | 0.0012%10.51% | 313.7% |
| ONDO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| WLFI | 0.0013%10.95% | 0.0013%10.95% | 0.0007%6.13% | 4.82% |
| MSFT | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| ZRO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| JUP | -0.0078%-68.58% | -0.0030%-26.34% | -0.0039%-34.16% | 42.24% |
| CRV | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| TRUMP | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| AERO | 0.0013%10.95% | -0.0022%-19.49% | 0.0012%10.51% | 30.44% |
| XPL | 0.0013%10.95% | -0.0005%-4.23% | 0.0012%10.51% | 15.18% |
| INTC | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| MSTR | – | 0.0000%0.00% | 0.0013%11.39% | 11.39% |
| PAXG | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SKHYNIX | – | 0.0000%0.00% | – | – |
| NBIS | – | 0.0000%0.00% | 0.0030%26.28% | 26.28% |
| PONS | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| INJ | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| CRCL | – | 0.0000%0.00% | 0.0048%42.05% | 42.05% |
| FARTCOIN | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| NATGAS | – | 0.0342%299.8% | 0.0484%424.0% | 124.2% |
| CYBER | – | -0.0128%-112.1% | – | – |
| BCH | 0.0012%10.84% | 0.0013%10.95% | -0.0012%-10.51% | 21.46% |
| LTC | 0.0013%10.95% | 0.0004%3.43% | 0.0012%10.51% | 7.52% |
| BTW | – | -0.0123%-108.0% | – | – |
| DOT | 0.0005%4.54% | 0.0013%10.95% | 0.0012%10.51% | 6.41% |
| DRAM | – | 0.0000%0.00% | 0.0013%11.39% | 11.39% |
| CL | – | -0.0047%-41.06% | – | – |
| ETHFI | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| COIN | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| CRWV | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| MON | 0.0005%4.13% | 0.0013%10.95% | -0.0021%-18.40% | 29.35% |
| MEGA | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| USELESS | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| CBRS | – | 0.0055%48.15% | 0.0113%98.99% | 50.84% |
| SPX | 0.0013%10.95% | 0.0013%10.95% | 0.0001%0.88% | 10.07% |
| UNITREE | – | -0.1148%-1005.5% | -0.1553%-1360.4% | 354.9% |
| WIF | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SAMSUNGUSD | – | – | 0.0068%59.57% | – |
| GRASS | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| ICP | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PLTR | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| SKR | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| TRX | 0.0008%6.75% | -0.0008%-7.15% | 0.0012%10.51% | 17.67% |
| MORPHO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| OPENAI | – | 0.0006%5.48% | 0.0000%0.00% | 5.48% |
| STRK | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| CHIP | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| APT | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PYTH | 0.0012%10.70% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| XLM | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PENGU | 0.0013%10.95% | 0.0013%10.95% | 0.0006%5.26% | 5.69% |
| HBAR | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| CC | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| TIA | 0.0013%10.95% | 0.0013%10.95% | -0.0002%-1.75% | 12.70% |
| OP | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SHEIN | – | – | 0.0004%3.50% | – |
| MERL | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| HOOD | – | 0.0000%0.00% | 0.0026%22.78% | 22.78% |
| UP | – | 0.0270%236.4% | – | – |
| FIL | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| VIRTUAL | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| FET | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| SHIB | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PENDLE | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| ONE | – | -0.0545%-477.3% | – | – |
| KORU | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AKE | – | 0.0013%10.95% | – | – |
| DASH | 0.0013%10.95% | -0.0023%-19.99% | -0.0120%-105.1% | 116.1% |
| MET | -0.0066%-58.00% | -0.0022%-19.42% | -0.0012%-10.51% | 47.48% |
| MRVL | – | 0.0000%0.00% | 0.0007%6.13% | 6.13% |
| PRL | – | 0.0013%10.95% | 0.0044%38.54% | 27.59% |
| ATOM | 0.0012%10.73% | 0.0013%10.95% | – | 0.22% |
| LDO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PIEVERSE | – | 0.0013%10.95% | – | – |
| BZ | – | -0.0093%-81.47% | – | – |
| QNT | – | 0.0013%10.95% | 0.0004%3.50% | 7.45% |
| 2Z | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| STABLE | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| LITE | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| PURR | 0.0013%10.95% | – | – | – |
| S | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| CAKE | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| SEI | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| POL | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PLAY | – | 0.0255%223.2% | – | – |
| DNA | – | 0.0138%120.4% | – | – |
| SKY | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| BONK | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| STX | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| RENDER | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| IDOL | – | 0.0149%130.4% | – | – |
| EIGEN | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| ON | – | 0.0013%10.95% | – | – |
| ALGO | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| STRC | – | 0.0000%0.00% | -0.0022%-19.27% | 19.27% |
| ARIA | – | 0.0099%86.33% | – | – |
| AZTEC | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| BULLA | – | 0.0052%45.48% | – | – |
| MARSCOIN | – | 0.0013%10.95% | – | – |
| JTO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| DOS | – | 0.0076%66.54% | – | – |
| LYN | – | 0.0124%108.8% | – | – |
| ORCL | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| USUAL | 0.0013%10.95% | – | – | – |
| NIL | 0.0013%10.95% | -0.0035%-30.96% | – | 41.91% |
| AR | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| TQQQ | – | 0.0000%0.00% | – | – |
| AIOT | – | 0.0081%70.92% | – | – |
| CAP | – | 0.0021%18.23% | 0.0012%10.51% | 7.72% |
| RKLB | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| APE | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| MNT | 0.0013%10.95% | – | 0.0012%10.51% | 0.44% |
| IMX | 0.0013%10.95% | – | – | – |
| TSM | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| SAND | 0.0013%10.95% | -0.0010%-8.69% | – | 19.64% |
| EDGE | – | 0.0013%10.95% | – | – |
| 0G | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| RUNE | 0.0013%10.95% | – | – | – |
| EURUSD | – | – | 0.0013%11.39% | – |
| W | -0.0020%-17.63% | -0.0028%-24.37% | – | 6.74% |
| APEX | 0.0013%10.95% | – | 0.0012%10.51% | 0.44% |
| XCU | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| SYRUP | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| MRNA | – | 0.0000%0.00% | 0.0079%69.20% | 69.20% |
| ZK | 0.0013%10.95% | -0.0046%-39.98% | -0.0014%-12.26% | 50.93% |
| HYPER | -0.0038%-32.89% | 0.0013%10.95% | – | 43.84% |
| ACE | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| RSR | 0.0013%10.95% | 0.0011%9.62% | – | 1.33% |
| KAS | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| DYM | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| DRV | – | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SMIC | – | – | 0.0004%3.50% | – |
| BNC | – | 0.0000%0.00% | – | – |
| DYDX | 0.0013%10.95% | 0.0013%10.95% | 0.0000%0.00% | 10.95% |
| GALA | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| AIN | – | 0.0046%40.20% | – | – |
| ANSEM | – | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| KAITO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| IBM | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| GMX | 0.0013%10.95% | – | 0.0012%10.51% | 0.44% |
| SOPH | -0.0025%-22.26% | – | – | – |
| AVNT | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| MAGMA | – | 0.0013%10.95% | – | – |
| REZ | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| ETC | 0.0013%10.95% | 0.0009%8.12% | – | 2.83% |
| EWY | – | 0.0004%3.30% | 0.0004%3.50% | 0.21% |
| BERA | -0.0011%-9.32% | 0.0013%10.95% | 0.0012%10.51% | 20.27% |
| OURA | – | 0.0006%5.48% | 0.0000%0.00% | 5.48% |
| DELL | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| KITE | – | 0.0013%10.95% | – | – |
| XTEN | 0.0013%10.95% | 0.0006%5.48% | 0.0000%0.00% | 10.95% |
| ZORA | 0.0013%10.95% | 0.0013%10.95% | -0.0091%-79.72% | 90.67% |
| NXPC | 0.0013%10.95% | – | – | – |
| SAGA | 0.0013%10.95% | -0.0088%-77.14% | – | 88.09% |
| GPRO | – | -0.0066%-58.19% | – | – |
| ZHIPU | – | 0.0000%0.00% | 0.0027%23.65% | 23.65% |
| BABY | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| PREDICT | – | 0.0048%41.64% | – | – |
| SYN | – | 0.0013%10.95% | – | – |
| SUPER | 0.0013%10.95% | – | – | – |
| TUR30 | – | – | 0.0004%3.50% | – |
| GRIFFAIN | 0.0013%10.95% | 0.0015%12.90% | – | 1.95% |
| BAT | – | 0.0013%10.95% | – | – |
| USDJPY | – | – | 0.0000%0.00% | – |
| PROM | – | -0.0090%-78.41% | – | – |
| POPCAT | 0.0013%10.95% | – | 0.0012%10.51% | 0.44% |
| IREN | – | 0.0000%0.00% | 0.0076%66.58% | 66.58% |
| XPD | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| HEMI | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| STBL | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| MINA | 0.0013%10.95% | – | – | – |
| STONK | – | 0.0013%10.95% | 0.0004%3.50% | 7.45% |
| ENS | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| BSV | 0.0013%10.95% | – | – | – |
| MELANIA | -0.0016%-13.88% | -0.0043%-37.24% | – | 23.36% |
| MEME | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| BOME | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| NOT | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| BIO | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| SI | – | 0.0013%10.95% | – | – |
| HUMA | – | -0.0475%-416.4% | – | – |
| IO | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| ASML | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| BR | – | 0.0057%49.71% | – | – |
| BMNR | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| ZEN | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| FOGO | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| NEO | 0.0013%10.95% | – | – | – |
| CFX | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| TMX | – | 0.0013%10.95% | – | – |
| EVAA | – | 0.0013%10.95% | – | – |
| XPT | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AGT | – | 0.0164%143.6% | – | – |
| LAPTOP | – | 0.0013%10.95% | – | – |
| GOAT | 0.0013%10.95% | – | – | – |
| ORDI | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| RESOLV | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| PROVE | 0.0013%10.95% | -0.0030%-26.43% | – | 37.38% |
| ALT | 0.0012%10.12% | – | – | – |
| MANTA | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| AVGO | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| YGG | -0.0065%-56.71% | -0.0010%-8.90% | – | 47.81% |
| AXS | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| BRETT | 0.0013%10.95% | – | – | – |
| LINEA | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| ANIME | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| IOTA | 0.0013%10.95% | – | – | – |
| PARTI | – | -0.0005%-4.37% | – | – |
| NEIRO | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| PNUT | 0.0013%10.95% | 0.0000%0.05% | – | 10.90% |
| ZETA | 0.0013%10.95% | – | – | – |
| LUMIA | – | 0.0013%10.95% | – | – |
| CT | – | 0.0013%10.95% | – | – |
| GMT | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| TURBO | 0.0013%10.95% | -0.0006%-5.30% | – | 16.25% |
| BABA | – | 0.0000%0.00% | 0.0015%13.14% | 13.14% |
| MOODENG | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| PEOPLE | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| BLUR | 0.0013%10.95% | -0.0052%-45.19% | – | 56.14% |
| SNX | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| ESPORTS | – | 0.0103%90.02% | – | – |
| UAI | – | 0.0013%10.95% | – | – |
| IWM | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AIXBT | 0.0006%5.43% | – | – | – |
| ME | 0.0013%10.95% | -0.0064%-55.75% | – | 66.70% |
| POLYMARKET | – | 0.0006%5.48% | – | – |
| BSB | – | 0.0065%57.03% | – | – |
| PEARL | – | 0.0013%10.95% | – | – |
| LAYER | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| HANA | – | 0.0045%39.36% | – | – |
| COMP | 0.0013%10.95% | – | – | – |
| NIGHT | – | -0.0008%-6.85% | – | – |
| GBPUSD | – | – | 0.0000%0.00% | – |
| CELO | 0.0013%10.95% | – | – | – |
| POLYX | 0.0013%10.95% | 0.0008%6.95% | – | 4.00% |
| FLOKI | 0.0013%10.95% | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| TST | – | 0.0013%10.95% | – | – |
| MOVR | – | 0.0013%10.95% | – | – |
| ELSA | – | 0.0067%58.46% | – | – |
| LUNC | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| GAS | 0.0013%10.95% | – | – | – |
| TRB | 0.0013%10.95% | -0.0017%-15.29% | – | 26.24% |
| MOVE | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| CARDS | – | 0.0013%10.95% | – | – |
| BIGTIME | 0.0013%10.95% | – | – | – |
| SUSHI | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| TUT | – | 0.0013%10.95% | – | – |
| NOW | – | 0.0000%0.00% | 0.0030%26.28% | 26.28% |
| TRUTH | – | 0.0013%10.95% | – | – |
| HMSTR | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| CRDO | – | 0.0000%0.00% | – | – |
| AI | – | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| BANANA | 0.0013%10.95% | – | – | – |
| UMA | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| WCT | 0.0013%10.95% | – | – | – |
| UVXY | – | 0.0000%0.00% | – | – |
| FUTU | – | 0.0000%0.00% | – | – |
| SAMSUNG | – | 0.0000%0.00% | – | – |
| XIAOMI | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| XAI | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| TTWO | – | – | 0.0004%3.50% | – |
| BB | – | 0.0013%10.95% | 0.0004%3.50% | 7.45% |
| LSK | – | -0.0138%-120.7% | – | – |
| KOMA | – | 0.0013%10.95% | – | – |
| ACN | – | 0.0000%0.00% | – | – |
| SNXX | – | 0.0000%0.00% | – | – |
| PHA | – | 0.0013%10.95% | – | – |
| LAB | – | 0.0051%44.30% | – | – |
| MINIMAX | – | 0.0000%0.00% | 0.0051%44.68% | 44.68% |
| TA | – | 0.0013%10.95% | – | – |
| AUDUSD | – | – | 0.0000%0.00% | – |
| NFLX | – | 0.0000%0.00% | – | – |
| ATH | – | -0.0020%-17.71% | – | – |
| CXMT | – | 0.0104%91.48% | 0.0077%67.45% | 24.02% |
| QNTX | – | 0.0000%0.00% | – | – |
| STABLECOINX | – | – | 0.0004%3.50% | – |
| STAR | – | 0.0013%10.95% | – | – |
| O | – | 0.0013%10.95% | – | – |
| MUBARAK | – | 0.0013%10.95% | – | – |
| BARD | – | -0.0187%-164.0% | – | – |
| C | – | 0.0013%10.95% | – | – |
| Q | – | 0.0013%10.95% | – | – |
| ZBT | – | -0.0013%-11.52% | – | – |
| HOME | – | 0.0013%10.95% | – | – |
| MUU | – | 0.0000%0.00% | – | – |
| B2 | – | 0.0056%49.16% | – | – |
| M | – | 0.0013%10.95% | – | – |
| BIRB | – | -0.0060%-52.83% | – | – |
| XAN | – | 0.0073%63.95% | – | – |
| TRADOOR | – | 0.0085%74.66% | – | – |
| HYUNDAI | – | 0.0144%126.1% | – | – |
| SKYAI | – | 0.0013%10.95% | – | – |
| IRYS | – | 0.0013%10.95% | – | – |
| CLO | – | 0.0024%20.96% | – | – |
| H | – | 0.0013%10.95% | – | – |
| DKNG | – | 0.0000%0.00% | – | – |
| CATE | – | 0.0013%10.95% | – | – |
| ALLO | – | 0.0013%10.95% | – | – |
| ZEST | – | 0.0142%124.5% | – | – |
| CLANKER | – | 0.0046%40.09% | – | – |
| COHR | – | 0.0000%0.00% | – | – |
| TAC | – | 0.0013%10.95% | – | – |
| APR | – | 0.0013%10.95% | – | – |
| QCOM | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| BE | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| OPG | – | 0.0013%10.95% | – | – |
| AAOI | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| ARX | – | 0.0013%10.95% | – | – |
| ZCAT | – | -0.0295%-258.2% | – | – |
| BTR | – | 0.0017%14.48% | – | – |
| USAR | – | 0.0000%0.00% | – | – |
| ASTS | – | 0.0000%0.00% | – | – |
| FOLKS | – | 0.0013%10.95% | 0.0154%134.9% | 124.0% |
| HIMS | – | 0.0000%0.00% | – | – |
| AIO | – | 0.0093%81.79% | – | – |
| EUL | – | 0.0013%10.95% | – | – |
| KAT | – | 0.0013%10.95% | – | – |
| BLESS | – | 0.0052%45.86% | – | – |
| IOST | – | 0.0013%10.95% | – | – |
| COTI | – | 0.0013%10.95% | – | – |
| PLUME | – | 0.0013%10.95% | – | – |
| US | – | -0.0005%-4.76% | – | – |
| NULLMASK | – | 0.0013%10.95% | – | – |
| LIGHT | – | 0.0049%42.74% | – | – |
| WEN | – | – | -0.0093%-81.47% | – |
| B | – | 0.0013%11.19% | – | – |
| TNSR | 0.0013%10.95% | 0.0013%10.95% | – | 0.00% |
| RIVER | – | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| DATA | – | – | 0.0012%10.51% | – |
| ARC | – | 0.0013%10.95% | 0.0012%10.51% | 0.44% |
| PORTAL | – | 0.0013%10.95% | – | – |
| JASMY | – | 0.0013%10.95% | – | – |
| ORCA | – | 0.0013%10.95% | – | – |
| HEI | – | 0.0013%10.95% | – | – |
| DEXE | – | 0.0013%10.95% | – | – |
| SIREN | – | 0.0078%68.66% | – | – |
| EWZ | – | 0.0000%0.00% | – | – |
| SOLV | – | 0.0013%10.95% | – | – |
| KIOXIA | – | – | 0.0004%3.50% | – |
| UB | – | 0.0039%34.05% | – | – |
| DOGS | – | 0.0013%10.95% | – | – |
| GWEI | – | 0.0013%10.95% | – | – |
| MYX | – | 0.0038%33.12% | – | – |
| RED | – | -0.0012%-10.81% | – | – |
| US10Y | – | – | 0.0000%0.00% | – |
| COLLECT | – | 0.0013%10.95% | – | – |
| CYS | – | 0.0028%24.20% | – | – |
| RAVE | – | 0.0016%13.85% | – | – |
| RATS | – | 0.0019%17.06% | – | – |
| NZDUSD | – | – | 0.0000%0.00% | – |
| RE | – | 0.0006%5.68% | – | – |
| BLUAI | – | 0.0069%60.23% | – | – |
| ALICE | – | 0.0013%10.95% | – | – |
| DOOD | – | 0.0013%10.95% | – | – |
| GPS | – | 0.0013%10.95% | – | – |
| YFI | – | 0.0013%10.95% | – | – |
| SLX | – | 0.0013%10.95% | – | – |
| MOONSHOT | – | 0.0006%5.48% | – | – |
| VELVET | – | 0.0013%10.95% | – | – |
| GUA | – | 0.0191%166.9% | – | – |
| AIA | – | 0.0034%29.78% | – | – |
| API3 | – | -0.0042%-36.41% | – | – |
| CRWD | – | 0.0000%0.00% | – | – |
| AVA | – | -0.0021%-18.04% | – | – |
| BEAT | – | 0.0013%10.95% | – | – |
| PIPPIN | – | 0.0013%10.95% | – | – |
| ERA | – | -0.0137%-119.6% | – | – |
| BEL | – | 0.0013%10.95% | – | – |
| BOT | – | – | 0.0004%3.50% | – |
| 4 | – | 0.0031%27.24% | – | – |
| G | – | 0.0013%10.95% | – | – |
| GRVT | – | 0.0013%10.95% | – | – |
| ZAMA | – | -0.0059%-51.88% | – | – |
| MMT | – | -0.0025%-22.01% | – | – |
| GTC | – | -0.0039%-34.00% | – | – |
| FLOCK | – | 0.0013%10.95% | – | – |
| BMT | – | -0.0424%-371.8% | – | – |
| ENSO | – | -0.0049%-42.76% | – | – |
| EDEN | – | 0.0013%10.95% | – | – |
| ZEREBRO | – | 0.0013%10.95% | – | – |
| STXX | – | 0.0000%0.00% | – | – |
| IN | – | 0.0073%64.32% | – | – |
| XPIN | – | 0.0013%10.95% | – | – |
| LLY | – | 0.0000%0.00% | – | – |
| CFG | – | 0.0013%10.95% | – | – |
| BRKB | – | 0.0000%0.00% | – | – |
| AVAAI | – | 0.0196%172.1% | – | – |
| BONER | – | 0.0013%10.95% | – | – |
| STO | – | 0.0013%10.95% | – | – |
| INX | – | 0.0013%10.95% | – | – |
| DUSK | – | 0.0013%10.95% | – | – |
| MANA | – | 0.0013%10.95% | – | – |
| POWER | – | 0.0013%10.95% | – | – |
| NMR | – | – | 0.0012%10.51% | – |
| SIGN | – | 0.0013%10.95% | – | – |
| BASED | – | 0.0032%27.78% | – | – |
| PROS | – | 0.0110%96.64% | – | – |
| FF | – | 0.0013%10.95% | -0.0040%-35.04% | 45.99% |
| LA | – | -0.0082%-71.67% | – | – |
| BAS | – | 0.0013%10.95% | – | – |
| WDC | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| AEON | – | 0.0013%10.95% | – | – |
| ROBO | – | 0.0013%10.95% | 0.0010%8.76% | 2.19% |
| GME | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| METIS | – | 0.0013%10.95% | – | – |
| XNY | – | 0.0013%10.95% | – | – |
| TAG | – | 0.0021%18.29% | – | – |
| GIGGLE | – | 0.0013%10.95% | – | – |
| RAY | – | – | 0.0012%10.51% | – |
| CTR | – | 0.0038%33.08% | 0.0012%10.51% | 22.57% |
| FLORK | – | 0.0013%10.95% | – | – |
| SENT | – | 0.0004%3.13% | – | – |
| CRO | – | – | -0.0006%-5.26% | – |
| AXTI | – | 0.0000%0.00% | – | – |
| RARE | – | 0.0013%10.95% | – | – |
| BASECAT | – | 0.0013%10.95% | – | – |
| FIGHT | – | 0.0013%10.95% | – | – |
| BROCCOLI714 | – | 0.0013%10.95% | – | – |
| TRIA | – | 0.0086%75.25% | – | – |
| PAID | – | 0.0013%10.95% | – | – |
| ARGUS | – | 0.0013%10.95% | – | – |
| JELLYJELLY | – | 0.0186%163.0% | – | – |
| ARKM | – | 0.0013%10.95% | – | – |
| NVO | – | 0.0000%0.00% | – | – |
| RECALL | – | 0.0013%10.95% | – | – |
| EBAY | – | 0.0000%0.00% | – | – |
| TAKE | – | 0.0061%53.73% | – | – |
| ONDS | – | 0.0000%0.00% | – | – |
| 4STOCK | – | 0.0013%10.95% | – | – |
| XDP | – | 0.0013%10.95% | – | – |
| AEVO | – | 0.0012%10.43% | – | – |
| SWARMS | – | 0.0087%76.44% | – | – |
| ZIL | – | 0.0013%10.95% | – | – |
| SOON | – | 0.0123%107.3% | – | – |
| OGN | – | 0.0013%10.95% | – | – |
| POWR | – | -0.0017%-15.11% | – | – |
| BICO | – | 0.0013%10.95% | – | – |
| SCR | – | 0.0013%10.95% | – | – |
| FORM | – | 0.0013%10.95% | – | – |
| NOM | – | 0.0013%10.95% | – | – |
| RPL | – | 0.0013%10.95% | – | – |
| SXT | – | -0.0045%-39.68% | – | – |
| ZKP | – | 0.0013%10.95% | – | – |
| YB | – | -0.0003%-2.51% | – | – |
| BAN | – | 0.0475%415.9% | – | – |
| UBER | – | 0.0000%0.00% | – | – |
| ARPA | – | -0.0000%-0.07% | – | – |
| RLC | – | 0.0013%10.95% | – | – |
| POD | – | 0.0013%10.95% | – | – |
| AXIS | – | 0.0013%10.95% | – | – |
| BILL | – | 0.0013%10.95% | – | – |
| BANK | – | 0.0013%10.95% | – | – |
| FONE | – | 0.0013%10.95% | – | – |
| AMAT | – | 0.0000%0.00% | – | – |
| KSTR | – | 0.0038%33.32% | – | – |
| BREV | – | 0.0008%6.83% | – | – |
| THE | – | 0.0027%24.07% | – | – |
| GEV | – | – | 0.0004%3.50% | – |
| SQQQ | – | 0.0000%0.00% | – | – |
| ACU | – | 0.0027%23.87% | – | – |
| USDKRW | – | – | 0.0000%0.00% | – |
| ADBE | – | 0.0000%0.00% | – | – |
| ONG | – | 0.0013%10.95% | – | – |
| SPK | – | 0.0013%10.95% | – | – |
| TOSHI | – | 0.0013%10.95% | – | – |
| TOWNS | – | 0.0013%10.95% | – | – |
| OKB | – | 0.0013%10.95% | – | – |
| ID | – | 0.0013%10.95% | – | – |
| ESP | – | -0.0077%-67.36% | – | – |
| AIGENSYN | – | 0.0013%10.95% | – | – |
| ROSE | – | -0.0000%-0.27% | – | – |
| CHZ | – | 0.0013%10.95% | – | – |
| TREE | – | 0.0013%10.95% | – | – |
| FLNC | – | 0.0000%0.00% | – | – |
| PIXEL | – | 0.0013%10.95% | – | – |
| EWJ | – | 0.0000%0.00% | – | – |
| SLP | – | 0.0012%10.11% | – | – |
| NAORIS | – | 0.0013%10.95% | – | – |
| RIF | – | 0.0013%10.95% | – | – |
| HOLO | – | 0.0013%10.95% | – | – |
| COST | – | 0.0000%0.00% | – | – |
| SPACE | – | 0.0021%18.78% | – | – |
| OPN | – | 0.0013%10.95% | – | – |
| V | – | 0.0000%0.00% | – | – |
| ARM | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| THETA | – | 0.0013%10.95% | – | – |
| CAT | – | -0.0031%-27.07% | – | – |
| GLW | – | 0.0000%0.00% | – | – |
| AUCTION | – | 0.0013%10.95% | – | – |
| ALCH | – | 0.0013%10.95% | – | – |
| WAL | – | -0.0024%-20.68% | – | – |
| FLOW | – | 0.0013%10.95% | – | – |
| TENCENT | – | 0.0000%0.00% | 0.0004%3.50% | 3.50% |
| SAPIEN | – | 0.0013%10.95% | – | – |
| VERONA | – | 0.0013%10.95% | – | – |
| SAHARA | – | 0.0013%10.95% | – | – |
| BREW | – | 0.0013%10.95% | – | – |
| SHELL | – | 0.0013%10.95% | – | – |
| GENIUS | – | 0.0013%10.95% | – | – |
| GSTOCK | – | 0.0013%10.95% | – | – |
| TLM | – | 0.0013%10.95% | – | – |
| LUNA2 | – | 0.0013%10.95% | – | – |
| BBX | – | 0.0000%0.00% | – | – |
| RIVN | – | 0.0000%0.00% | – | – |
| NOK | – | 0.0000%0.00% | – | – |
| EWT | – | 0.0000%0.00% | – | – |
| HD | – | 0.0000%0.00% | – | – |
| FHE | – | 0.0013%10.95% | – | – |
| XLE | – | 0.0000%0.00% | – | – |
| SQD | – | 0.0013%10.95% | – | – |
| KGEN | – | 0.0013%10.95% | – | – |
| VANA | – | -0.0092%-80.49% | – | – |
| MANTRA | – | 0.0013%10.95% | – | – |
| OPEN | – | 0.0013%10.95% | – | – |
| LISTA | – | -0.0121%-105.9% | – | – |
| ZZZ | – | 0.0013%10.95% | – | – |
| AWE | – | 0.0013%10.95% | – | – |
| CSCO | – | 0.0000%0.00% | – | – |
| LPT | – | 0.0012%10.78% | – | – |
| H100 | – | – | 0.0004%3.50% | – |
| ZKC | – | -0.0025%-22.05% | – | – |
| HYUNDAIUSD | – | – | 0.0100%87.60% | – |
| PAYP | – | 0.0000%0.00% | – | – |
| ONT | – | 0.0012%10.42% | – | – |
| ENJ | – | 0.0013%10.95% | – | – |
| BX | – | 0.0000%0.00% | – | – |
| URNM | – | -0.0094%-82.13% | – | – |
| ZM | – | 0.0000%0.00% | – | – |
| COAI | – | 0.0013%10.95% | – | – |
| USDCAD | – | – | 0.0000%0.00% | – |
| FLUX | – | 0.0013%10.95% | – | – |
| CHEEMS | – | 0.0013%10.95% | – | – |
| TRUST | – | 0.0013%10.95% | – | – |
| SOMI | – | 0.0013%10.95% | – | – |
| FUN | – | 0.0024%21.18% | – | – |
| POPMART | – | 0.0000%0.00% | – | – |
| MEITUAN | – | 0.0000%0.00% | – | – |
| HPE | – | 0.0000%0.00% | – | – |
| TURTLE | – | 0.0013%10.95% | – | – |
| STEEM | – | -0.0025%-21.71% | – | – |
| COW | – | 0.0009%7.65% | – | – |
| ASTEROID | – | 0.0013%10.95% | – | – |
| AXL | – | 0.0013%10.95% | – | – |
| DIS | – | 0.0000%0.00% | – | – |
| DOLO | – | 0.0013%10.95% | – | – |
| USD1 | – | -0.0070%-61.75% | – | – |
| EDU | – | 0.0013%10.95% | – | – |
| IOTX | – | 0.0013%10.95% | – | – |
| JPM | – | 0.0000%0.00% | – | – |
| TAIKO | – | 0.0013%10.95% | – | – |
| LYTE | – | 0.0000%0.00% | – | – |
| USDCHF | – | – | 0.0000%0.00% | – |
| CHILLGUY | – | 0.0013%10.95% | – | – |
| FRAX | – | -0.0082%-71.42% | – | – |
| XEC | – | 0.0013%10.95% | – | – |
| BANANAS31 | – | 0.0013%10.95% | – | – |
| BTCDOM | – | 0.0013%10.95% | – | – |
| F | – | 0.0013%10.95% | – | – |
| MTL | – | 0.0013%10.95% | – | – |
| GUN | – | 0.0013%10.95% | – | – |
| KUAISHOU | – | 0.0000%0.00% | – | – |
| AGPU | – | 0.0013%10.95% | – | – |
| CRM | – | 0.0000%0.00% | – | – |
| WET | – | 0.0004%3.76% | – | – |
| KNC | – | 0.0013%10.95% | – | – |
| WMT | – | 0.0000%0.00% | – | – |
| FIDA | – | 0.0013%10.95% | – | – |
| PUNDIAI | – | 0.0013%10.95% | – | – |
| RONIN | – | 0.0013%10.95% | – | – |
| AT | – | 0.0013%10.95% | – | – |
| SDEV | – | 0.0000%0.00% | – | – |
| ASELS | – | – | 0.0004%3.50% | – |
| RAIL | – | – | 0.0012%10.51% | – |
| VARIATIONAL | – | – | 0.0000%0.00% | – |
Widest gaps between venues right now
Among the 100 most traded coins. A gap is not a profit: fees on four trades, price gaps between venues and funding that flips usually eat it. See funding rate arbitrage, with real net numbers.
| Coin | Highest rate | Lowest rate | Gap per hour | Gap APR |
|---|---|---|---|---|
| INIT | Hyperliquid -0.5000% | Aster -1.1080% | 0.6080% | 5326.4% |
| UNITREE | Aster -0.1148% | Lighter -0.1553% | 0.0405% | 354.9% |
| CASHCAT | Hyperliquid 0.0013% | Aster -0.0346% | 0.0358% | 313.7% |
| NATGAS | Lighter 0.0484% | Aster 0.0342% | 0.0142% | 124.2% |
| CBRS | Lighter 0.0113% | Aster 0.0055% | 0.0058% | 50.84% |
| GRAM | Aster 0.0067% | Lighter 0.0012% | 0.0055% | 48.55% |
| JUP | Aster -0.0030% | Hyperliquid -0.0078% | 0.0048% | 42.24% |
| CRCL | Lighter 0.0048% | Aster 0.0000% | 0.0048% | 42.05% |
| XMR | Lighter 0.0059% | Aster 0.0013% | 0.0046% | 40.73% |
| AERO | Hyperliquid 0.0013% | Aster -0.0022% | 0.0035% | 30.44% |
How these numbers are calculated
- Rate per hour. Hyperliquid and Lighter pay funding every hour, so their rate is shown as published. Aster pays every 8, 4 or 1 hours depending on the market; its current rate is divided by that market's interval.
- APR = rate per hour × 24 × 365, not compounded: what the current rate would add up to over a year if it never changed. It changes every hour.
- Gap = the highest rate minus the lowest among the venues that list the coin. It is shown before any trading costs.
- Coins. Markets quoted per 1,000 tokens (kPEPE, 1000PEPE) are grouped with their coin; funding rates are unaffected. Aster markets quoted in USD1 or other stablecoins are shown only when the coin has no USDT market.
- Freshness. Read from each venue's public API and cached for about a minute. If a venue doesn't answer, its last good numbers stay with their own time shown above.
Sources
- Hyperliquid: Hyperliquid info API (metaAndAssetCtxs)
- Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
- Lighter: Lighter API (orderBookDetails, funding-rates)
Background: how Hyperliquid's hourly funding works, Hyperliquid vs Aster vs Lighter, the perp markets directory and the glossary.
Frequently asked questions
- What is a funding rate on a perp DEX?
- A periodic payment between longs and shorts that keeps a perpetual future's price close to the spot index. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. It is charged on the position's value, not on margin, so leverage does not change the rate but does change what it costs relative to your margin.
- How often is funding paid on Hyperliquid, Aster and Lighter?
- Hyperliquid and Lighter pay every hour. Aster pays every 8 hours on most markets and every 4 or 1 hour on some. This page divides each Aster rate by its interval so all three are shown per hour and can be compared directly.
- How is the APR on this page calculated?
- APR = hourly rate × 24 × 365, without compounding. It is what the current rate would add up to over a year if it never changed. Funding changes every hour, so the 7-day and 30-day averages on each coin's page are a better guide to what a position has actually paid.
- Why do funding rates differ between venues?
- Each venue computes funding from its own order book: how far its perp traded from the spot index and how traders there are positioned. Formulas, caps and intervals also differ. Hyperliquid's baseline when the perp trades near spot is 0.00125% per hour, paid by longs to shorts.
- Is a funding spread between venues free money?
- No. The spread is usually short-lived and smaller than the cost of opening and closing four trades. In Prow's backtests on 25 coins over 2025 and 2026, with Hyperliquid, Aster and Lighter prices, a hedged long/short between venues earned about 0.3–1.4% a year on the capital after costs, depending on the test run. Prices on the two venues can also drift apart, and each leg can be liquidated on its own.