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W — funding rate on Hyperliquid
Hyperliquid · W-0.002%per 1h · -0.002%/hlongs receive
last settlement-0.003%→upcoming payout-0.002%• unchanged
11:20settlement
0calmheat
Price (mark)
0.01073
-0.1% 24h
Vol 24h
$477K
Open interest
$2.3M
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
-0.002%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (1h)
- $0.05 · $0.05/hour
- Net snipe per settlement
- $-3.95 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.008638 (−19.50% 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 (1)
before cut-off · 5m · the snipe window (1)
avg-0.46%
max-0.46%
after · 5m
avg+1.18%
max+1.18%
before cut-off · 15m
avg+1.13%
max+1.13%
after · 15m
avg+3.27%
max+3.27%
Context and comparison
Funding history · 750 settlements
W on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid ← you are here | -0.002% / 1h | -0.002%/h | longs | -0.158% |
| OKX | -0.008% / 4h | -0.002%/h | longs | -0.152% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Binance | +0.003% / 4h | +0.001%/h | shorts | -0.157% |
| Bitget | +0.002% / 4h | +0.001%/h | shorts | -0.158% |
Hyperliquid← you are here-0.002%/h
longsrate -0.002% / 1hsnipe -0.158%
OKX-0.002%/h
longsrate -0.008% / 4hsnipe -0.152%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Binance+0.001%/h
shortsrate +0.003% / 4hsnipe -0.157%
Bitget+0.001%/h
shortsrate +0.002% / 4hsnipe -0.158%
Max spread across exchanges: +0.003%/h
W across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Bitgetevery 4hBinanceevery 4hHyperliquidevery 1hBybitevery 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
0.0036%/h
widest spread
0.0146%/h
06.11 17:00 UTC · 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 long 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 long 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.