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UMA — funding rate on Hyperliquid
Hyperliquid · UMA+0.001%per 1h · +0.001%/hshorts receive
last settlement+0.001%→upcoming payout+0.001%• unchanged
43:41settlement
0calmheat
Price (mark)
0.31477
+0.3% 24h
Vol 24h
$62K
Open interest
$123K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
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
- 0.418119 (+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 (7)
before cut-off · 5m · the snipe window (7)
avg+1.14% | -0.61%
max+2.17%
after · 5m
avg+0.85% | -0.47%
max+1.51%
before cut-off · 15m
avg+0.93% | -1.05%
max-1.80%
after · 15m
avg+1.61% | -1.11%
max-2.84%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 06.10 12:00 | -0.100% | -1.80% | -0.19% |
| 06.10 11:00 | -0.111% | -0.86% | +2.09% |
| 06.10 10:00 | -0.284% | +1.04% | -1.03% |
| 06.10 09:00 | -0.093% | -0.41% | +2.21% |
| 06.10 08:00 | -0.134% | -0.82% | -0.39% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 7 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 750 settlements
UMA on 5 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% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +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%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
UMA across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Hyperliquidevery 1hBinanceevery 4hBybitevery 4hBitgetevery 4hOKXevery 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
0.0006%/h
widest spread
0.0087%/h
09.11 05:00 UTC · Hyperliquid ↔ OKX
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.