Hyperliquid

live

Hyperliquid L1 · Perpetual DEX funding rates, fees and arbitrage pairs on Hyperliquid.

Visit Hyperliquid

Plain link — no referral.

Fees (taker / maker)
4.5 / 1.5 bps
Funding interval
every 1h
Markets tracked
178
Points program
None

Key facts

Status
live
Type
Decentralized exchange (DEX)
Chain
Hyperliquid L1
Fees (taker / maker)
4.5 / 1.5 bps
Tier 0; cheaper tiers start above $5M of 14-day volume, and staking HYPE cuts fees by 5–40%. A referral code gives 4% off on your first $25M (not for sub-accounts or vaults).
Funding interval
every 1h
Funding cap
Capped at 4% per hour.
Points program
No official points program (the original one ended in 2024).
Markets tracked
178
Restricted regions
United States, Ontario (Canada)
The app is closed to the US, Ontario (Canada) and sanctioned territories (secondary source).

Notes

The deepest perp DEX. HIP-3 markets deployed by third parties run their own books and funding on the same infrastructure.

Top pairs with Hyperliquid

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
LUNClong MEXC, short HyperliquidMEXCCEXHyperliquid253%200%169%92.1%165%248%0.3dsteady$312k8h/1hMxHycalc
Slong Variational, short HyperliquidVariationalHyperliquid32.3%58.1%61.4%59.1%59.1%88.6%0.5dsteady$915k4h/1hspread not incl.VaHycalc
STXlong Variational, short HyperliquidVariationalHyperliquid46.1%58.7%47.9%42.4%45.5%68.3%0.7dsteady$1.1M8h/1hspread not incl.VaHycalc
MINAlong Hyperliquid, short VariationalHyperliquidVariational158%14.5%44.3%51.1%41.9%62.9%0.7dsteady$341k1h/4hspread not incl.HyVacalc
LUNClong Bybit, short HyperliquidBybitCEXHyperliquid−38.9%−15.4%45.3%10.2%40.1%60.1%1.6dcooling$312k8h/1hByHycalc
GRIFFAINlong Bitget, short HyperliquidBitgetCEXHyperliquid0.0%−1.5%41.6%6.3%36.1%54.2%1.8dcooling$490k4h/1hBgHycalc
GRIFFAINlong MEXC, short HyperliquidMEXCCEXHyperliquid0.0%−3.1%39.5%−5.2%36.1%54.1%1.2dcooling$341k4h/1hMxHycalc
JUPlong Polymarket, short HyperliquidPolymarketHyperliquid76.3%70.5%40.2%16.3%35.8%53.6%1.5dsteady$184kinvite onlyPmHycalc
GRIFFAINlong Bybit, short HyperliquidBybitCEXHyperliquid0.0%−2.6%40.9%18.5%35.7%53.6%1.8dcooling$1.2M4h/1hByHycalc
SANDlong Hyperliquid, short AsterHyperliquidAster54.4%37.0%39.9%36.7%35.5%53.2%1.6dsteady$92k1h/8hHyAscalc
NOTlong Variational, short HyperliquidVariationalHyperliquid0.0%0.0%36.5%33.1%34.2%51.2%0.9dcooling$111k4h/1hspread not incl.VaHycalc
STBLlong Hyperliquid, short AsterHyperliquidAster97.5%41.8%36.3%18.8%31.8%47.7%1.7dsteady$78k1h/4hHyAscalc
BONKlong Nado, short HyperliquidNadoHyperliquid43.2%36.5%34.3%29.8%30.1%45.1%1.7dsteady$110kNaHycalc
GASlong Bybit, short HyperliquidBybitCEXHyperliquid0.0%0.0%33.0%6.6%27.8%41.6%2.2dcooling$94k4h/1hByHycalc
ARBlong Polymarket, short HyperliquidPolymarketHyperliquid22.6%41.9%31.8%24.9%27.4%41.1%2.0dsteady$94kinvite onlyPmHycalc
WLFIlong Hyperliquid, short AsterHyperliquidAster0.0%2.0%31.8%11.1%27.3%41.0%2.0dcooling$8.1M1h/4hHyAscalc
AIXBTlong Variational, short HyperliquidVariationalHyperliquid30.0%33.5%29.2%29.4%26.8%40.3%1.1dsteady$93k4h/1hspread not incl.VaHycalc
MINAlong Hyperliquid, short BitgetHyperliquidBitgetCEX86.7%9.1%31.0%23.3%25.6%38.3%2.5dsteady$1.7M1h/8hHyBgcalc
GRIFFAINlong Gate, short HyperliquidGateCEXHyperliquid0.0%−0.4%30.4%17.0%24.2%36.3%2.9dcooling$381k4h/1hGtHycalc
GMTlong Gate, short HyperliquidGateCEXHyperliquid2.4%41.7%29.0%10.1%22.7%34.1%3.0dsteady$126k8h/1hGtHycalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Markets on Hyperliquid

Flags
MINAMINA−356%−301%−191%−77.8%−173%5%1h$1.7M$1.1M
WW212%27.1%13.3%11.9%10.9%100%1h$21.2M$15.2M
METMET−162%−90.4%−98.2%−17.5%−99.5%57%1h$6.2M$5.3M
GRASSGRASS57.9%25.9%13.4%28.9%11.4%100%1h$41.7M$14.1M
ONDOONDO52.0%24.4%12.9%18.5%10.9%100%1h$70.3M$32.3M
ALGOALGO47.9%21.8%12.5%10.7%10.9%100%1h$9.2M$6.0M
SANDSAND−46.5%−45.3%−101%−97.6%−111%13%1h$2.4M$1.6M
PURRPURR44.3%16.7%10.6%28.4%9.6%98%1h$13.3M$1.6M
ZROZRO42.9%14.3%11.8%18.7%11.4%99%1h$88.2M$16.9M
STRKSTRK42.7%30.6%15.4%15.8%12.8%100%1h$73.7M$122.3M
PENGUPENGU−35.4%−3.1%7.2%11.9%8.9%88%1h$8.8M$4.5M
TRXTRX−26.0%−19.6%−19.6%−12.6%−19.6%21%1h$14.4M$714k
IOIO13.6%13.8%10.5%4.8%10.0%97%1h$2.2M$2.1M
BIOBIO13.3%13.3%15.1%22.5%15.3%100%1h$1.3M$320k
AAVEAAVE−11.9%8.0%10.3%10.3%10.7%98%1h$76.2M$9.6M
0G0G10.9%10.9%11.2%25.0%11.2%100%1h$2.7M$403k
2Z2Z10.9%10.9%−12.7%−59.7%−16.7%53%1h$1.5M$254k
ACEACE10.9%10.9%10.7%−37.1%10.6%99%1h$245k$85k
AEROAERO10.9%10.9%11.1%25.3%11.1%100%1h$38.4M$9.5M
AIXBTAIXBT10.9%8.9%9.2%10.5%9.2%93%1h$205k$69k
ANIMEANIME10.9%10.9%10.8%5.8%10.8%100%1h$233k$57k
APEAPE10.9%10.9%10.9%12.5%10.9%100%1h$1.4M$348k
APEXAPEX10.9%10.9%10.9%42.4%10.9%100%1h$2.2M$160k
APTAPT10.9%10.9%10.6%9.8%10.6%98%1h$7.4M$6.3M
ARAR10.9%10.9%10.9%19.3%10.9%100%1h$2.4M$394k
ARBARB10.9%10.2%1.4%10.8%−0.1%66%1h$19.8M$13.9M
ASTERASTER10.9%10.5%10.5%12.3%10.5%99%1h$25.6M$2.0M
AVAXAVAX10.9%7.5%6.3%8.8%6.1%81%1h$29.7M$8.8M
AVNTAVNT10.9%6.4%6.8%5.9%6.9%87%1h$734k$455k
AXSAXS10.9%10.9%10.9%8.3%10.8%99%1h$703k$206k
AZTECAZTEC10.9%37.6%19.1%36.9%16.0%100%1h$2.3M$901k
BABYBABY10.9%10.9%10.9%6.4%10.9%100%1h$132k$80k
BANANABANANA10.9%10.9%10.9%10.9%10.9%100%1h$143k$69k
BCHBCH10.9%10.9%10.6%9.9%10.6%100%1h$8.5M$2.1M
BERABERA10.9%10.9%10.9%1.8%10.9%100%1h$2.0M$181k
BIGTIMEBIGTIME10.9%10.9%10.9%10.9%10.9%100%1h$146k$54k
BLURBLUR10.9%10.9%10.0%0.6%9.9%96%1h$1.2M$105k
BNBBNB10.9%9.1%5.8%9.5%5.3%82%1h$45.0M$3.4M
BOMEBOME10.9%25.0%24.4%22.8%24.3%100%1h$4.7M$460k
BONKkBONK10.9%10.6%10.1%17.1%10.0%95%1h$9.0M$672k
BRETTBRETT10.9%10.9%12.0%16.7%12.2%100%1h$305k$343k
BSVBSV10.9%33.0%14.8%30.7%11.7%100%1h$1.0M$145k
CAKECAKE10.9%10.9%9.8%12.3%9.6%96%1h$2.2M$302k
CASHCATCASHCAT10.9%15.6%10.7%27.3%9.9%98%1h$25.6M$5.6M
CCCC10.9%16.0%12.9%15.8%12.3%99%1h$7.2M$1.8MTradFi
CELOCELO10.9%10.9%10.9%10.8%10.9%100%1h$369k$130k
CFXCFX10.9%10.9%11.4%22.5%11.4%100%1h$5.2M$5.0M
CHIPCHIP10.9%11.0%11.6%15.2%11.8%92%1h$20.8M$11.3M
COMPCOMP10.9%10.9%10.9%10.9%10.9%100%1h$1.3M$188k
CRVCRV10.9%11.1%11.4%14.4%11.4%100%1h$21.0M$9.3M
DASHDASH10.9%10.9%10.9%15.7%10.9%100%1h$3.6M$622k
DOGEDOGE10.9%9.3%8.6%12.9%8.5%92%1h$96.2M$7.9M
DOTDOT10.9%10.9%6.7%6.2%6.0%83%1h$6.7M$1.1M
DYDXDYDX10.9%10.9%10.9%12.7%10.9%100%1h$2.3M$107k
DYMDYM10.9%7.0%6.2%8.0%6.1%88%1h$401k$804k
EIGENEIGEN10.9%10.9%10.8%13.4%10.7%99%1h$4.5M$1.3M
ENAENA10.9%11.2%12.6%15.3%12.8%100%1h$142.0M$42.6M
ENSENS10.9%10.9%12.8%14.5%13.1%100%1h$2.7M$252k
ETCETC10.9%10.9%10.5%11.9%10.4%99%1h$3.5M$241k
ETHFIETHFI10.9%10.9%10.9%14.6%10.9%100%1h$14.1M$3.3M
FARTCOINFARTCOIN10.9%23.8%14.9%19.7%13.5%97%1h$39.9M$8.4M
FETFET10.9%10.9%10.8%18.8%10.8%99%1h$14.4M$3.6M
FILFIL10.9%10.9%10.9%13.1%10.8%99%1h$12.4M$5.2M
FLOKIkFLOKI10.9%10.9%10.9%10.9%10.9%100%1h$510k$85k
FOGOFOGO10.9%10.9%10.9%5.9%10.9%100%1h$517k$76k
GALAGALA10.9%10.9%10.9%10.5%10.9%100%1h$580k$135k
GASGAS10.9%10.9%10.9%9.2%10.9%100%1h$94k$58k
GMTGMT10.9%10.9%10.4%9.9%10.3%98%1h$126k$105k
GMXGMX10.9%10.9%11.2%19.5%11.3%100%1h$867k$97k
GOATGOAT10.9%11.3%16.6%46.5%17.5%100%1h$1.2M$102k
GRAMGRAM10.9%7.3%7.0%20.5%6.9%89%1h$31.0M$2.7M
GRIFFAINGRIFFAIN10.9%10.5%58.5%37.1%66.4%100%1h$2.5M$1.4M
HBARHBAR10.9%10.9%11.0%13.0%11.0%100%1h$13.4M$1.6M
HEMIHEMI10.9%−12.0%−9.2%0.7%−8.8%67%1h$555k$246k
HMSTRHMSTR10.9%12.9%11.9%30.9%11.8%100%1h$1.8M$433k
HYPEHYPE10.9%10.8%8.6%9.6%8.2%91%1h$1.74B$211.6M
HYPERHYPER10.9%10.9%10.6%10.7%10.6%99%1h$49k$110k
ICPICP10.9%9.6%11.6%15.2%11.9%96%1h$4.8M$3.8M
IMXIMX10.9%10.9%10.9%15.1%10.9%100%1h$5.2M$513k
INITINIT10.9%10.9%11.0%11.0%11.0%100%1h$339k$135k
INJINJ10.9%10.9%6.2%9.4%5.4%85%1h$10.0M$9.1M
IOTAIOTA10.9%11.1%13.1%11.8%13.5%100%1h$1.8M$171k
JTOJTO10.9%10.9%10.6%16.8%10.5%99%1h$4.6M$831k
JUPJUP10.9%10.9%6.5%10.5%5.8%86%1h$15.1M$5.6M
KAITOKAITO10.9%10.9%11.5%17.2%11.6%100%1h$2.0M$161k
KASKAS10.9%10.9%11.1%13.6%11.1%100%1h$2.2M$246k
LDOLDO10.9%10.8%10.7%13.4%10.7%99%1h$11.4M$1.4M
LINEALINEA10.9%10.9%11.5%15.3%11.6%100%1h$3.2M$165k
LINKLINK10.9%10.9%8.4%9.7%8.0%92%1h$74.6M$9.5M
LITLIT10.9%10.8%10.9%13.3%10.9%100%1h$186.4M$12.1M
LUNCkLUNC10.9%10.9%10.9%18.0%10.9%100%1h$312k$52k
MANTAMANTA10.9%10.9%11.2%13.9%11.2%100%1h$426k$651k
MEME10.9%10.9%10.9%10.9%10.9%100%1h$259k$60k
MEGAMEGA10.9%13.4%11.6%19.3%11.2%100%1h$8.3M$1.6M
MELANIAMELANIA10.9%4.8%9.1%10.5%9.8%95%1h$1.5M$151k
MEMEMEME10.9%10.9%10.9%10.2%10.9%100%1h$437k$25k
MERLMERL10.9%10.9%11.0%10.9%11.0%100%1h$574k$131k
MNTMNT10.9%10.3%11.2%20.6%11.3%99%1h$5.8M$636k
MONMON10.9%11.3%13.2%19.3%13.5%99%1h$52.1M$10.7M
MOODENGMOODENG10.9%10.9%10.9%14.8%10.9%100%1h$337k$67k
MORPHOMORPHO10.9%10.9%14.5%15.8%15.1%100%1h$7.8M$631k
MOVEMOVE10.9%10.9%7.5%8.3%7.0%89%1h$334k$70k
NEARNEAR10.9%13.7%14.0%18.0%14.1%100%1h$459.8M$306.7M
NEIROkNEIRO10.9%10.9%10.7%10.9%10.7%99%1h$141k$83k
NEONEO10.9%10.8%10.9%7.2%10.9%100%1h$476k$533k
NILNIL10.9%10.9%13.3%27.4%13.7%100%1h$7.4M$1.7M
NOTNOT10.9%10.9%10.9%8.0%10.9%100%1h$273k$143k
NXPCNXPC10.9%10.9%3.7%7.3%2.5%77%1h$245k$43k
OPOP10.9%5.0%8.8%8.4%9.4%92%1h$4.7M$2.5M
ORDIORDI10.9%10.9%10.9%11.1%10.9%100%1h$426k$112k
PAXGPAXG10.9%10.9%10.9%10.2%10.9%100%1h$23.0M$1.5MTradFi
PENDLEPENDLE10.9%10.9%10.9%12.9%10.9%100%1h$10.6M$1.2M
PEOPLEPEOPLE10.9%10.9%10.9%11.0%10.9%100%1h$214k$56k
PEPEkPEPE10.9%6.7%0.7%14.6%−0.3%73%1h$27.6M$7.5M
PNUTPNUT10.9%10.9%11.2%17.8%11.2%100%1h$1.4M$107k
POLPOL10.9%10.9%10.9%11.7%10.9%100%1h$6.7M$504k
POLYXPOLYX10.9%7.2%10.2%−8.6%10.8%97%1h$51k$70k
PONSPONS10.9%11.3%13.2%26.7%13.5%100%1h$33.7M$7.6M
POPCATPOPCAT10.9%10.9%12.5%19.5%12.8%100%1h$2.3M$102k
PROVEPROVE10.9%10.9%9.6%−2.6%9.4%96%1h$243k$66k
PUMPPUMP10.9%10.9%11.1%14.6%11.1%99%1h$225.3M$66.4M
PYTHPYTH10.9%10.9%10.9%10.9%10.9%100%1h$2.4M$870k
RENDERRENDER10.9%10.9%11.5%15.9%11.6%100%1h$2.8M$797k
RESOLVRESOLV10.9%10.9%12.2%20.6%12.4%100%1h$1.3M$45k
REZREZ10.9%10.9%18.8%25.7%20.1%100%1h$1.7M$113k
RSRRSR10.9%10.9%10.9%10.9%10.9%100%1h$185k$63k
RUNERUNE10.9%10.9%10.9%17.4%10.9%100%1h$1.9M$144k
SS10.9%3.0%−3.7%0.0%−4.8%65%1h$1.4M$7.6M
SAGASAGA10.9%10.9%12.5%−65.8%12.8%100%1h$1.5M$56k
SEISEI10.9%10.9%9.9%12.4%9.7%96%1h$5.1M$1.2M
SHIBkSHIB10.9%10.0%11.2%13.4%11.4%99%1h$3.0M$307k
SKRSKR10.9%11.8%11.8%8.2%11.8%100%1h$413k$288k
SKYSKY10.9%9.8%10.7%24.5%10.9%92%1h$5.5M$2.2M
SNXSNX10.9%9.4%7.5%10.1%7.1%88%1h$393k$98k
SOLSOL10.9%9.3%8.8%8.4%8.8%94%1h$646.2M$119.2M
SOPHSOPH10.9%10.9%10.9%−25.5%10.9%100%1h$121k$416k
SPXSPX10.9%12.3%18.6%21.9%19.7%100%1h$7.1M$906k
STABLESTABLE10.9%10.9%10.9%5.7%10.9%100%1h$905k$246k
STBLSTBL10.9%12.4%13.7%28.7%14.0%100%1h$1.6M$88k
STXSTX10.9%10.9%10.7%9.3%10.6%99%1h$2.9M$1.4M
SUISUI10.9%10.7%10.1%13.7%10.0%98%1h$68.8M$21.5M
SUPERSUPER10.9%10.9%10.9%10.9%10.9%100%1h$897k$206k
SYRUPSYRUP10.9%10.9%17.0%22.5%18.0%100%1h$8.8M$957k
TAOTAO10.9%11.5%11.5%18.6%11.5%99%1h$62.8M$15.7M
TIATIA10.9%11.3%11.1%10.4%11.0%100%1h$12.0M$7.3M
TNSRTNSR10.9%10.9%10.9%9.9%10.9%100%1h$213k$29k
TRUMPTRUMP10.9%10.9%3.7%2.5%2.5%79%1h$11.5M$2.4M
TURBOTURBO10.9%10.9%10.9%11.0%10.9%100%1h$230k$69k
UMAUMA10.9%9.8%−75.9%−9.0%−90.2%44%1h$187k$284k
UNIUNI10.9%11.0%11.5%15.2%11.6%99%1h$83.0M$16.0M
USELESSUSELESS10.9%14.8%17.6%32.1%18.1%100%1h$11.7M$3.4M
USUALUSUAL10.9%10.9%10.9%11.2%10.9%100%1h$325k$96k
VIRTUALVIRTUAL10.9%10.9%10.9%13.4%10.9%100%1h$7.8M$1.4M
VVVVVV10.9%16.2%23.8%20.3%25.1%100%1h$79.4M$21.4M
WCTWCT10.9%10.9%10.9%10.9%10.9%100%1h$84k$57k
WIFWIF10.9%10.9%12.0%13.7%12.2%100%1h$6.2M$461k
WLDWLD10.9%10.9%10.7%16.3%10.6%99%1h$84.5M$28.0M
WLFIWLFI10.9%10.9%7.0%7.4%6.3%86%1h$10.4M$359k
XAIXAI10.9%9.6%6.1%−7.5%5.6%92%1h$588k$241k
XLMXLM10.9%10.9%10.8%14.6%10.8%100%1h$17.5M$2.7M
XMRXMR10.9%−13.4%12.7%25.4%17.1%91%1h$64.9M$11.8M
XPLXPL10.9%9.9%8.6%16.5%8.4%93%1h$58.9M$3.6M
XRPXRP10.9%9.1%9.8%11.7%10.0%99%1h$274.1M$23.8M
ZECZEC10.9%10.9%12.9%12.7%13.3%100%1h$607.3M$161.8M
ZETAZETA10.9%10.9%10.9%3.5%10.9%100%1h$958k$93k
ZKZK10.9%11.3%11.0%10.5%10.9%100%1h$3.6M$6.2M
ZORAZORA10.9%10.9%10.9%11.9%10.9%99%1h$1.1M$92k
ADAADA10.9%7.3%4.3%2.7%3.8%81%1h$39.4M$5.3M
LTCLTC10.8%9.6%9.8%13.6%9.8%99%1h$31.3M$5.1M
ATOMATOM8.3%9.4%−3.8%−1.4%−6.0%65%1h$3.9M$1.7M
BTCBTC7.2%0.3%6.7%8.6%7.8%82%1h$3.20B$1.37B
ALTALT6.4%7.8%−6.0%−1.6%−8.3%54%1h$889k$254k
YGGYGG5.6%4.0%3.5%8.5%3.5%77%1h$192k$81k
LAYERLAYER4.1%7.1%9.7%10.7%10.2%96%1h$462k$107k
SUSHISUSHI3.3%−1.8%−4.2%6.5%−4.6%54%1h$326k$105k
TRBTRB−2.9%5.8%8.5%10.4%9.0%92%1h$597k$116k
ZENZEN−1.4%10.4%10.7%14.7%10.8%99%1h$1.2M$202k
ETHETH1.4%0.2%6.3%9.6%7.3%82%1h$2.84B$911.2M

Sources