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CASHCAT — funding rate on Hyperliquid
Hyperliquid · CASHCAT+0.001%per 1h · +0.001%/hshorts receive
last settlement+0.001%→upcoming payout+0.001%• unchanged
44:05settlement
0calmheat
Price (mark)
0.074264
-5.0% 24h
Vol 24h
$8.7M
Open interest
$15.1M
Price move in 2 min
—
avg 7d
+0.002%/h
avg 30d
+0.002%/h
Price and skew
Event life curvePRO · open for now
Across 5 closed events of this pair: a typical one lives 54m, the peak usually lands within the first 5 min
median across 5 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 5 of 5 cases
median accrued 0.08%; in at least half the events price moved in the receiver's favour
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
- 0.098647 (+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 (11)
before cut-off · 5m · the snipe window (10)
avg+1.24% | -0.94%
max+3.11%
after · 5m
avg+2.00% | -1.26%
max-3.52%
before cut-off · 15m
avg+3.84% | -1.48%
max+6.48%
after · 15m
avg+1.53% | -2.84%
max-7.56%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 27.08 01:00 | +0.057% | +1.80% | -0.96% |
| 27.08 00:00 | +0.074% | -3.30% | -1.69% |
| 26.08 23:00 | +0.093% | -1.91% | +5.10% |
| 25.08 00:00 | +0.048% | -3.62% | +0.16% |
| 24.08 22:00 | +0.089% | -0.00% | -0.50% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 10 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 750 settlements
CASHCAT on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.043% / 4h | -0.011%/h | longs | -0.117% |
| Hyperliquid ← you are here | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| OKX | -0.004% / 4h | -0.001%/h | longs | -0.156% |
Bybit-0.011%/h
longsrate -0.043% / 4hsnipe -0.117%
Hyperliquid← you are here+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
OKX-0.001%/h
longsrate -0.004% / 4hsnipe -0.156%
Max spread across exchanges: +0.012%/h
CASHCAT across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Hyperliquidevery 1hOKXevery 4hBybitevery 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
0.0000%/h
widest spread
0.0119%/h
03.11 03:00 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.