ETH funding rate on Hyperliquid
Over the last 30 days, ETH funding on Hyperliquid averaged +9.4% APR and stayed positive 95.4% of the time, ranging from -18.3% to +77.1%. Right now it pays longs pay shorts at +4.0% APR, settled every 1h across 26 venues we track. The most reliable delta-neutral pairing for ETH right now is long n1xyz / short Phoenix at +6.6% net APR (low risk, ~2.7d to break even).
ETH funding history on Hyperliquidlast 30d
- Backtested (30d)
- +8.6%
- Stability
- 96.1%
- Risk
- low
- Breakeven
- ~2.7d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How ETH funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +12.44% |
| RiseX | +11.65% |
| Extended | +11.39% |
| Pacifica | +10.95% |
| Polymarket | +10.95% |
| Arcus | +10.95% |
| Bulk | +10.95% |
| Nado | +10.95% |
| Katana | +10.93% |
| Lighter | +10.51% |
| Lighter RH | +10.51% |
| Kraken | +10.41% |
| Paradex | +10.15% |
| SoDEX | +9.65% |
| Decibel | +9.64% |
| Aster | +9.56% |
| TxFlow | +6.68% |
| Variational | +6.51% |
| Hyperliquid | +3.95% |
| n1xyz | +1.75% |
| Grvt | +0.22% |
| dYdX | +0.00% |
| Ondo | -0.88% |
| Hibachi | -1.75% |
| HotStuff | -8.76% |
| Perpl | -12.22% |
Frequently asked
What is the current ETH funding rate on Hyperliquid?
ETH on Hyperliquid is funding at 3.95% APR (0.0005% every 1h), paid longs pay shorts, as of 2026-09-12 16:42 UTC.
How often does Hyperliquid pay funding on ETH?
Every 1 hour.
How do I earn ETH funding without price risk?
Open a delta-neutral position: long n1xyz and short Phoenix, currently 6.6% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.