← radar
PURR — funding rate on Hyperliquid
Hyperliquid · PURR+0.001%per 1h · +0.001%/hshorts receive
last settlement+0.001%→upcoming payout+0.001%• unchanged
27:37settlement
0calmheat
Price (mark)
0.09137
-8.1% 24h
Vol 24h
$2.4M
Open interest
$10.3M
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 11 closed events of this pair: a typical one lives 32m, the peak usually lands within the first 5 min
median across 11 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 6 of 11 cases
median accrued 0.03%; 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
- 0.12137 (+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+0.89% | -0.42%
max+1.73%
after · 5m
avg+1.30% | -0.13%
max+2.51%
before cut-off · 15m
avg+1.15% | -0.39%
max+3.06%
after · 15m
avg+0.45% | -2.22%
max-5.38%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 22.09 22:00 | +0.041% | -0.16% | -0.80% |
| 30.08 05:00 | +0.022% | +0.62% | +0.72% |
| 25.08 07:00 | +0.083% | -0.03% | -0.71% |
| 23.08 22:00 | +0.059% | -1.06% | +0.12% |
| 22.08 09:00 | +0.058% | +0.52% | +0.49% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 9 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 750 settlements
PURR on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit | -0.009% / 8h | -0.001%/h | longs | -0.151% |
| OKX | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Hyperliquid← you are here+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit-0.001%/h
longsrate -0.009% / 8hsnipe -0.151%
OKX0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.002%/h
PURR across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Hyperliquidevery 1hOKXevery 8hBitgetevery 8hBybitevery 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
0.0043%/h
widest spread
0.0399%/h
07.11 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.