INIT funding rate
INIT funding is -0.5000% per hour on Hyperliquid (-4380.0% APR) and -1.2676% per hour on Aster (-11104.3% APR). A positive rate means longs pay shorts.
Data as of . Refreshed about every minute.
Current rate by venue
| Venue | Market | Per hour | APR | Per day on $10,000 | Open interest |
|---|---|---|---|---|---|
| Hyperliquid | INIT | -0.5000% | -4380.0% | Short pays $1200.00 | $3.6M |
| Aster | INIT | -1.2676% | -11104.3% | Short pays $3042.26 | – |
Gap between venues: 0.7676% per hour (6724.3% APR), highest on Hyperliquid, lowest on Aster. Before trading costs; see why the net is much smaller.
Funding history, last 30 days
Over the last 30 days INIT funding averaged -156.5% APR on Hyperliquid and -260.2% APR on Aster. From each venue's settled funding payments, as of Nov 11, 2026, 05:36 UTC.
| Venue | 24 h avg (APR) | 7 d avg (APR) | 30 d avg (APR) | Payments where longs paid (30 d) |
|---|---|---|---|---|
| Hyperliquid | -3448.7% | -660.9% | -156.5% | 78% |
| Aster | -6515.1% | -1112.1% | -260.2% | 68% |
Method and sources
Rates are per hour: Hyperliquid and Lighter pay hourly; Aster's rate is divided by the market's funding interval (8, 4 or 1 hours). APR = rate per hour × 24 × 365, not compounded. Averages are total funding paid over the period divided by its hours. A positive rate means longs pay shorts. Live rates refresh about every minute, history every 15 minutes.
- Hyperliquid: Hyperliquid info API (metaAndAssetCtxs)
- Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
More: INIT perp markets by venue, all funding rates, how hourly funding works
Frequently asked questions
- Do longs or shorts pay INIT funding right now?
- On Hyperliquid, shorts pay longs 0.5000% per hour (-4380.0% APR); On Aster, shorts pay longs 1.2676% per hour (-11104.3% APR). These are the latest rates; they change every hour, so the 7- and 30-day averages on this page say more about what a position has paid.
- Which venue has the highest INIT funding rate?
- Right now Hyperliquid, at -0.5000% per hour, against -1.2676% on Aster: a gap of 0.7676% per hour (6724.3% APR) before trading costs. A gap is not a profit: fees on four trades, price gaps between venues and funding that flips usually eat most of it.
- How often is INIT funding paid?
- Hyperliquid pays INIT funding every hour. Aster pays every 8, 4 or 1 hours depending on the market; this page divides its rate by that interval so it compares per hour. Funding is charged on the position's value, not on margin.