← radar
HEMI — funding rate on Hyperliquid
Hyperliquid · HEMI+0.001%per 1h · +0.001%/hshorts receive
last settlement+0.001%→upcoming payout+0.001%• unchanged
28:17settlement
0calmheat
Price (mark)
0.006051
-6.7% 24h
Vol 24h
$364K
Open interest
$893K
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
-0.006%/h
Price and skew
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 57m, the peak usually lands at minute 12.5–17.5
median across 6 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 3 of 6 cases
median — 0.11% accrued against a 0.21% 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
- 0.008038 (+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 (9)
before cut-off · 5m · the snipe window (9)
avg+0.49% | -0.49%
max-0.88%
after · 5m
avg+0.94% | -1.14%
max+2.81%
before cut-off · 15m
avg+0.42% | -1.17%
max-2.83%
after · 15m
avg+1.31% | -1.10%
max+3.19%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 09.09 01:00 | -0.071% | -0.14% | -0.67% |
| 08.09 22:00 | -0.133% | -2.83% | +0.37% |
| 08.09 03:00 | -0.098% | +0.51% | -2.19% |
| 08.09 02:00 | -0.115% | — | — |
| 08.09 01:00 | -0.105% | +0.13% | +1.08% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 8 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 750 settlements
HEMI on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid ← you are here | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -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%
Max spread across exchanges: 0.000%/h
HEMI across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Hyperliquidevery 1hBybitevery 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
0.0038%/h
widest spread
0.0309%/h
20.09 09:00 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.