HYQUID Guide / Guides / Fees & savings
Hyperliquid funding rates
Funding keeps perpetual prices close to spot. On Hyperliquid it's paid every hour, directly between traders.
The basics
- Paid hourly. The rate is quoted on an 8-hour basis; each hourly payment is one eighth of it.
- Who pays: when the perp trades above the oracle price, longs pay shorts; when below, shorts pay longs.
- Peer to peer: Hyperliquid takes no fee on funding.
- Cap: 0.5% per hour.
- Interest component: fixed at 0.01% per 8 hours (about 11.6% APR, paid to shorts).
Source: Hyperliquid funding docs.
How much you pay
Payment = position size × oracle price × funding rate. Example: a $10,000 long with a funding rate of 0.00125% for the hour pays about $0.125 that hour.
Why it matters
- Short trades: funding is usually small compared to trading fees.
- Positions held for days or weeks: funding can add up to more than your fees, in either direction.
- In hot markets funding can spike, so check the current rate before opening a long-term position.
See all costs in our fee guide.
Referral code
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Get 4% off →FAQ
How often is funding paid on Hyperliquid?
Every hour.
Does Hyperliquid take a cut of funding?
No. Funding is paid directly between longs and shorts.
What is the funding cap?
0.5% per hour, according to the official docs.
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