Hyperliquid funding rates

Hyperliquid charges 4.5 bps taker and 1.5 bps maker on perpetuals. What matters for a carry trade is not that number alone but the round trip on both legs — below, against every other exchange we track.

Right now

Pairs on this exchange above their round-trip cost: 11. Over the last 30 days at least one was, in 100.0% of the hours we recorded.

Measured on 420 hours of ranking we recorded ourselves.

Best right now: ONDO dYdX vs Hyperliquid at 204.87% net

What a round trip costs, by counterparty

Paired with Round trip, both legs
MEXC 13 bps
Paradex 13 bps
Binance 19 bps
dYdX 19 bps
HTX 19 bps
OKX 19 bps
Bybit 2E+1 bps
Bitget 21 bps
KuCoin 21 bps
Gate.io 24 bps

Perpetuals we track here