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PURR — funding rate on Hyperliquid
Hyperliquid · PURR+0.028%per 1h · +0.028%/hshorts receive
last settlement+0.034%→upcoming payout+0.028%▼ cooling down
38:06settlement
1calmheat
Price (mark)
0.065417
-3.0% 24h
Vol 24h
$321K
Open interest
$5.8M
Price move in 2 min
—
avg 7d
+0.002%/h
avg 30d
+0.002%/h
Entry economics
Position calculator
- Position size
- $1,500
- Funding per settlement (1h)
- $0.42 · $0.42/hour
- Net snipe per settlement
- $-1.98 = 0.028% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.17×needs 0.160%+ per settlement
- Liquidation price
- 0.086896 (+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.
Context and comparison
Funding history · 750 settlements
avg 7d +0.002%/havg 30d +0.002%/h
PURR on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | +0.028% / 1h | +0.028%/h | shorts | -0.132% |
| Bybit | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Hyperliquid← you are here+0.028%/h
shortsrate +0.028% / 1hsnipe -0.132%
Bybit0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.028%/h
Rates across exchangesPRO · open for now
2 exchanges on one timeline
Hyperliquidevery 1hBybitevery 8hrate 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
0.0013%/h
widest spread
0.0218%/h
27.07 01:00 · Bybit ↔ Hyperliquid
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.