funding
Public
By ryan23Views
HYPE Funding Rates Across Perp DEXs
Funding rates across 6 venues as of June 17, 2026. OKX stands out as the only venue with negative funding (–7.86% annualized) — shorts are actively being paid, suggesting a divergence in positioning from the rest of the market. Binance, Bybit, Bitget, and Gate are all pinned at the default cap of +0.00005 per 8h (+5.48% annualized). Hyperliquid — which hosts ~65% of total HYPE open interest ($1.42B of $2.18B) — runs 1-hour funding intervals; its raw rate of 0.0000125/hr annualizes to ~10.95%, materially higher than the 8h-based venues. All figures reflect the most recently settled interval.
⚠️ Interval Note
Hyperliquid settles funding every 1 hour vs the standard 8 hours on Binance/OKX/Bybit. The annualized rate above for Hyperliquid uses the tool's 8h-equivalent calculation (1.37%). The correct annualization at 1h intervals is ~10.95% (0.0000125 × 8,760). When comparing carry costs across venues, always adjust for interval frequency.