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HMSTR — funding rate on Hyperliquid
Hyperliquid · HMSTR+0.025%per 1h · +0.025%/hshorts receive
last settlement+0.001%→upcoming payout+0.025%▲ heating up
14:13settlement
1calmheat
Price (mark)
0.000188
+5.0% 24h
Vol 24h
$100K
Open interest
$2.0M
Price move in 2 min
—
avg 7d
+0.007%/h
avg 30d
+0.003%/h
Price and skew
Price and settlements
100 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Entry economics
Position calculator
- Position size
- $1,500
- Funding per settlement (1h)
- $0.38 · $0.38/hour
- Net snipe per settlement
- $-2.02 = 0.025% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.16×needs 0.160%+ per settlement
- Liquidation price
- 0.00025 (+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 (2)
before cut-off · 5m · the snipe window (2)
avg+0.57% | -1.51%
max-1.51%
after · 5m
avg+1.53% | -1.14%
max+1.53%
before cut-off · 15m
avg+0.57% | -1.51%
max-1.51%
after · 15m
avg-1.70%
max-1.70%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 20.09 23:00 | +0.092% | +0.57% | -1.70% |
| 22.08 06:00 | +0.027% | -1.51% | 0.00% |
Context and comparison
Funding history · 750 settlements
HMSTR on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | +0.025% / 1h | +0.025%/h | shorts | -0.135% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Hyperliquid← you are here+0.025%/h
shortsrate +0.025% / 1hsnipe -0.135%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.024%/h
HMSTR across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Hyperliquidevery 1hBinanceevery 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
0.0899%/h
20.09 23:00 UTC · Hyperliquid ↔ Binance
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.