OP funding rate on Hyperliquid
Over the last 30 days, OP funding on Hyperliquid averaged -7.4% APR and stayed positive 53.3% of the time, ranging from -159.3% to +10.9%. Right now it pays shorts pay longs at -17.2% APR, settled every 8h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short SoDEX at +45.4% net APR (medium risk, ~0.9d to break even).
OP funding history on Hyperliquidlast 30d
- Backtested (30d)
- +5.9%
- Stability
- 74.3%
- Risk
- medium
- Breakeven
- ~0.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How OP funding compares across venues
| Exchange | Funding APR |
|---|---|
| Extended | +11.39% |
| Grvt | +10.95% |
| Aster | +10.95% |
| SoDEX | +10.95% |
| dYdX | +0.00% |
| Hyperliquid | -17.16% |
| Paradex | -22.73% |
| Lighter | -29.78% |
| Variational | -41.42% |
| Kraken | -44.95% |
Frequently asked
What is the current OP funding rate on Hyperliquid?
OP on Hyperliquid is funding at -17.16% APR (-0.0020% every 8h), paid shorts pay longs, as of 2026-07-29 10:38 UTC.
How often does Hyperliquid pay funding on OP?
Every 8 hours.
How do I earn OP funding without price risk?
Open a delta-neutral position: long Variational and short SoDEX, currently 45.4% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.