PURR funding: questions and answers
What is the PURR funding rate on Hyperliquid now?
0.0013% per hour, or 10.9% APR: longs pay shorts. The next payment is in 1m; funding on Hyperliquid is paid every hour.
How does PURR funding on Hyperliquid compare with Binance and Bybit?
PURR is not listed on Binance.
What has PURR funding been on average?
On Hyperliquid: 10.9% APR over 24 hours, 15.9% over 7 days and 37.0% over 30 days. Longs paid in 100% of the hours over the last 30 days.
What does high or negative PURR 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.