Hyperliquid funding rates today: live, predicted and vs Binance & Bybit

Every Hyperliquid perp: funding now, predicted, Binance and Bybit

346 live perps: 179 on the validator-operated dex and 167 HIP-3 markets on 4 builder-deployed dexs. Rates are per hour unless you switch the unit. The Binance and Bybit columns are those exchanges’ own predicted rates as Hyperliquid’s API reports them, converted to the same unit; the small “4h” or “8h” is how often that exchange settles the coin. HIP-3 rows show only the current rate: Hyperliquid's API returns predicted funding only for the first (validator-operated) perp dex, so HIP-3 markets have no predicted rate.

A dash means there is no rate for that venue and coin in the feed (HYPE, for example, has no Binance or Bybit rate in it). A linked name has its own market page. Open interest = contracts outstanding × mark price; 24h volume is a rolling window. Delisted markets are left out.

Hyperliquid vs Binance and Bybit funding: the spread

The spread columns are Hyperliquid’s predicted hourly rate minus the exchange’s predicted rate converted to one hour. A positive spread means a long pays more on Hyperliquid, so a Hyperliquid short hedged with a long on the CEX collects the difference; a negative spread is the reverse. Binance settles BTC every 8 hours, but many altcoins every 4 hours: in this build’s feed 111 of 172 Binance rates and 107 of 171 Bybit rates were on a 4-hour interval. That is why every rate is converted before it is compared: read as if it were an 8-hour rate, a 4-hour rate counts only half of what the coin pays in 8 hours.

A spread is not a profit. Each leg pays its exchange’s fee on the way in and out, Hyperliquid re-sets its rate every hour and the CEXs every 4 to 8 hours, and a predicted rate can change before it is paid. The funding rate arbitrage guide works through break-even after fees, 7-day results and the risks; the funding rate calculator turns any rate into dollars per hour, day and month.

Markets at their open-interest cap

No live market was at its open-interest cap when this page was built (2026-11-03 12:27 UTC). At a cap, orders that would increase open interest (or flip a position) are rejected, and so are orders priced more aggressively than the oracle. Hyperliquid’s list (perpsAtOpenInterestCap) did return 7 names, all of them delisted markets (CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO), so they are not in the table. A market at its cap is marked “OI cap” in the table; the list is read each time the page is rebuilt (every 6 hours), not by the browser’s refresh.

HIP-3 deployers work under a notional cap (for the whole dex and per market, set by the deployer) and a size cap per market. These builder-deployed markets were closest to their per-market notional cap at build time:

How the numbers are calculated

• Funding now is the funding field of each market’s asset context (metaAndAssetCtxs): the hourly rate the Hyperliquid app shows next to its countdown. Hyperliquid computes an 8-hour rate (the premium plus an interest component of 0.01% per 8 hours) and pays one eighth of it every hour, capped at 4% per hour.
• Predicted is the next Hyperliquid rate from predictedFundings, which returns the next rate on Hyperliquid (HlPerp), Binance (BinPerp) and Bybit (BybitPerp), each with that venue's own funding interval in hours. Hyperliquid’s two figures usually agree to the fourth decimal and drift apart when the premium moves within the hour.
• Per-hour equivalent of a CEX rate = its rate ÷ its interval in hours. A Binance rate of 0.01% per 8 hours is 0.00125% per hour.
• 8-hour basis = hourly × 8. APR = hourly × 24 × 365: simple, no compounding, what the rate would add up to over a year if it never changed (it always does). The docs quote the interest component alone as 11.6% APR; simple annualisation of 0.00125% per hour gives 10.95%.
• Spread = Hyperliquid predicted per hour − CEX predicted per hour, both from the same Hyperliquid response, so the two legs are read at the same moment.
• What a position pays each hour = position size × oracle price × rate; positive means the long pays the short. On $10,000 at 0.00125% per hour that is $0.125 an hour.
• Sources and refresh: everything comes from Hyperliquid’s public info API (api.hyperliquid.xyz/info): metaAndAssetCtxs for each dex, predictedFundings and perpsAtOpenInterestCap. Binance’s and Bybit’s rates are their own predictions as that response reports them, shown for reference; this site calls no Binance or Bybit API. The page is rebuilt every 6 hours. While this tab is visible your browser repeats the 6 rate requests (metaAndAssetCtxs for each dex with live markets and predictedFundings) about once a minute (weight 20 each, against Hyperliquid’s limit of 1,200 per minute per IP), pauses when you switch tabs, waits longer after an error and stops after 30 minutes; on any failure the last values stay. The open-interest-cap list is read at build time only.

FAQ

Disclosure: HOLYGRAIL is our Hyperliquid referral code; we earn a share of referred accounts’ fees at no cost to you. Funding data is informational, can be incomplete or delayed, and is not investment advice; check the rate in the app before you trade. Binance and Bybit figures are reference values from Hyperliquid’s API, not data from those exchanges.