HYPE funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
This page compares contracts on the HYPE token. Funding for other assets on Hyperliquid is on the exchange page. Funding on Hyperliquid →
MSK
Exchanges with current rates
12
Range normalized to 8 hours
-0.0013% → +0.0100%
Where the selected side receives funding
Long: 1 of 12
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Bitget · HYPEUSDT
Receives 0.13 USD equivalent
10 000.00 USD × -0.0013% per 8 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Bitget
HYPEUSDT
Rate as of MSK
Open interest: 167 365 591 USD 24-hour volume: 40 822 658 USD |
-0.0013% per 8 h | -0.0013% | Receives 0.13 USD | — |
|
Bybit
HYPEUSDT
Rate as of MSK
Open interest: 235 730 382 USD 24-hour volume: 91 595 169 USD |
+0.0019% per 8 h | +0.0019% | Pays 0.19 USD | MSK |
|
MEXC
HYPE_USDT
Rate as of MSK
24-hour volume: 34 186 852 USD |
+0.0046% per 8 h | +0.0046% | Pays 0.46 USD | — |
|
Aster
HYPEUSDT
Rate as of MSK
Open exchange ↗ |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | MSK |
|
BingX
HYPE-USDT
Rate as of MSK
Open exchange ↗ |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | MSK |
|
KuCoin
HYPEUSDTM
Rate as of MSK
24-hour volume: 27 627 982 USD |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | MSK |
|
Gate.io
HYPE_USDT
Rate as of MSK
Open exchange ↗ |
+0.0032% per 4 h | +0.0064% | Pays 0.32 USD | MSK |
|
edgeX
HYPEUSDC
Rate as of MSK
Open exchange ↗ |
+0.0040% per 4 h | +0.0080% | Pays 0.40 USD | — |
|
Binance
HYPEUSDT
Rate as of MSK
24-hour volume: 279 418 559 USD |
+0.0046% per 4 h | +0.0092% | Pays 0.46 USD | MSK |
|
HTX
HYPE-USDT
Rate as of MSK
Open exchange ↗ |
+0.0050% per 4 h | +0.0100% | Pays 0.50 USD | MSK |
|
Hyperliquid
HYPE
Rate as of MSK
Open interest: 1 574 355 046 USD 24-hour volume: 198 879 919 USD |
+0.0013% per 1 h | +0.0100% | Pays 0.13 USD | — |
|
OKX
HYPE-USDT-SWAP
Rate as of MSK
Open exchange ↗ |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | One paymentUSD equivalentLong · 10 000.00 USD | Settlement time |
|---|---|---|---|
|
Extended
HYPE-USD
Rate as of MSK
Open interest: 19 081 533 USD 24-hour volume: 20 047 670 USD |
+0.0013% per 1 h | Pays 0.13 USD | MSK |
|
GRVT
HYPE_USDT_Perp
Rate as of MSK
24-hour volume: 44 356 933 USD |
+0.0050% per 4 h | Pays 0.50 USD | MSK |
|
Lighter
HYPE-USD
Rate as of MSK
24-hour volume: 31 753 147 USD |
+0.0012% per 1 h | Pays 0.12 USD | MSK |
|
Pacifica
HYPE-USD
Rate as of MSK
24-hour volume: 6 583 057 USD |
+0.0013% per 1 h | Pays 0.13 USD | MSK |
Completed settlements over 24 hours and 7 days
The sum of published settlement rates for each contract. Payment amounts are USD equivalents for a constant 10 000.00 USD notional and the selected direction.
GRVT
24 hours
+0.0300%
Pays 3.00 USD
6 settlements
17.10.2026 11:00 — 18.10.2026 07:00 MSK
7 days
+0.1301%
Pays 13.01 USD
42 settlements
11.10.2026 11:00 — 18.10.2026 07:00 MSK
Extended
24 hours
+0.0312%
Pays 3.12 USD
24 settlements
17.10.2026 09:00 — 18.10.2026 08:00 MSK
7 days
+0.1969%
Pays 19.69 USD
168 settlements
11.10.2026 09:00 — 18.10.2026 08:00 MSK
Pacifica
24 hours
+0.0300%
Pays 3.00 USD
24 settlements
17.10.2026 09:00 — 18.10.2026 08:00 MSK
7 days
+0.2100%
Pays 21.00 USD
168 settlements
11.10.2026 09:00 — 18.10.2026 08:00 MSK
Lighter
24 hours
+0.0181%
Pays 1.81 USD
24 settlements
17.10.2026 09:00 — 18.10.2026 08:00 MSK
7 days
+0.0962%
Pays 9.62 USD
168 settlements
11.10.2026 09:00 — 18.10.2026 08:00 MSK
HYPE funding rate history by exchange
The chart shows daily averages expressed as an annualized equivalent. Data starts on 05.07.2026; the table shows the number of available days for each exchange.
| Exchange | Current annualized equivalent | 7-day average, annualized equivalent | 30-day average, annualized equivalent | Days |
|---|---|---|---|---|
| OKX | 10.95% | 5.18% | 4.59% | 31 |
| Bitget | -1.42% | 2.83% | 2.32% | 31 |
| KuCoin | 5.48% | 3.55% | 4.51% | 31 |
| Aster perp-DEX | 5.48% | 3.4% | 2.13% | 31 |
| BingX | 5.48% | 4.36% | 3.99% | 31 |
| edgeX perp-DEX | 8.79% | 4.61% | 4.52% | 31 |
| Hyperliquid perp-DEX | 10.95% | 8.83% | 9.71% | 31 |
| MEXC | 5.04% | 2.85% | 2.62% | 31 |
| HTX | 10.95% | 10.82% | 14.14% | 31 |
| Gate.io | 7.01% | 2.27% | 2.39% | 31 |
| Binance | 10.04% | 5.73% | 5.06% | 11 |
| Bybit | 2.03% | 3.04% | 2.73% | 11 |
| GRVT perp-DEX | — | 6.78% | 6.76% | 11 |
| Lighter perp-DEX | — | 5.12% | 6.3% | 11 |
| Extended perp-DEX | — | 10.31% | 10.25% | 11 |
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
HYPE funding questions
Who receives funding when the HYPE rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.