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SAGA — funding rate on Hyperliquid
Hyperliquid · SAGA+0.051%per 1h · +0.051%/hshorts receive
last settlement+0.034%→upcoming payout+0.051%▲ heating up
20:22settlement
3calmheat
Price (mark)
0.01258
-5.7% 24h
Vol 24h
$59K
Open interest
$2.0M
Price move in 2 min
—
avg 7d
+0.020%/h
avg 30d
+0.018%/h
Entry economics
Position calculator
- Position size
- $1,500
- Funding per settlement (1h)
- $0.77 · $0.77/hour
- Net snipe per settlement
- $-1.63 = 0.051% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.32×needs 0.160%+ per settlement
- Liquidation price
- 0.01671 (+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 · 193 settlements
avg 7d +0.020%/havg 30d +0.018%/h
SAGA on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | +0.051% / 1h | +0.051%/h | shorts | -0.109% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Hyperliquid← you are here+0.051%/h
shortsrate +0.051% / 1hsnipe -0.109%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.050%/h
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
0.0067%/h
widest spread
0.0695%/h
26.07 17:00 · 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.