USELESS funding: questions and answers
What is the USELESS 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 USELESS funding on Hyperliquid compare with Binance and Bybit?
Binance: 28.8% APR (paid every 4 h), Bybit: 10.9% APR. The difference between Hyperliquid and Binance is -17.8% per year.
What has USELESS funding been on average?
On Hyperliquid: 20.5% APR over 24 hours, 27.1% over 7 days and 34.8% over 30 days. Longs paid in 100% of the hours over the last 30 days.
What does high or negative USELESS 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.