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2Z — funding rate on Hyperliquid
Hyperliquid · 2Z+0.001%per 1h · +0.001%/hshorts receive
last settlement+0.001%→upcoming payout+0.001%• unchanged
42:26settlement
0calmheat
Price (mark)
0.019845
-2.2% 24h
Vol 24h
$927K
Open interest
$515K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 6h 13m, the peak usually lands at minute 65–70
median across 4 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 1 of 4 cases
median — 0.54% accrued against a 1.76% move
Entry economics
Position calculator
- Position size
- $1,500
- Funding per settlement (1h)
- $0.02 · $0.02/hour
- Net snipe per settlement
- $-2.38 = 0.001% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.026361 (+32.83% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (30)
before cut-off · 5m · the snipe window (30)
avg+0.19% | -0.41%
max-1.15%
after · 5m
avg+0.35% | -0.67%
max-2.37%
before cut-off · 15m
avg+0.53% | -0.52%
max-2.16%
after · 15m
avg+0.51% | -0.72%
max-3.85%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 03.10 16:00 | -0.063% | -0.11% | -0.44% |
| 03.10 15:00 | -0.074% | +0.43% | -0.37% |
| 03.10 14:00 | -0.091% | -0.63% | +0.30% |
| 03.10 13:00 | -0.071% | +0.82% | +0.01% |
| 03.10 12:00 | -0.061% | -0.18% | -1.16% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 750 settlements
2Z on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Hyperliquid← you are here+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
2Z across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Hyperliquidevery 1hOKXevery 4hBitgetevery 4hBybitevery 4hBinanceevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0014%/h
widest spread
0.0076%/h
03.11 13:00 UTC · Hyperliquid ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.