2Z funding: questions and answers
What is the 2Z funding rate on Hyperliquid now?
-0.0017% per hour, or -15.2% APR: shorts pay longs. The next payment is in 1m; funding on Hyperliquid is paid every hour.
How does 2Z funding on Hyperliquid compare with Binance and Bybit?
Binance: -17.3% APR (paid every 4 h), Bybit: 9.2% APR. The difference between Hyperliquid and Binance is +2.1% per year.
What has 2Z funding been on average?
On Hyperliquid: — APR over 24 hours, — over 7 days and — over 30 days.
What does high or negative 2Z funding mean?
High funding means the market is crowded with longs: holding a long is expensive and a fall can trigger a long squeeze. Negative funding means crowded shorts. Check who exactly is positioned and where their liquidations are on the whale positions page and the liquidation map.