MON funding: questions and answers
What is the MON funding rate on Hyperliquid now?
0.0040% per hour, or 34.7% APR: longs pay shorts. The next payment is in 1m; funding on Hyperliquid is paid every hour.
How does MON funding on Hyperliquid compare with Binance and Bybit?
Binance: 10.9% APR (paid every 4 h), Bybit: 6.8% APR. The difference between Hyperliquid and Binance is +23.7% per year.
What has MON funding been on average?
On Hyperliquid: 17.2% APR over 24 hours, 18.9% over 7 days and 21.0% over 30 days. Longs paid in 98% of the hours over the last 30 days.
What does high or negative MON 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.