OP funding rate on Hyperliquid
Over the last 30 days, OP funding on Hyperliquid averaged +7.5% APR and stayed positive 88.6% of the time, ranging from -66.9% to +10.9%. Right now it pays shorts pay longs at -11.2% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Extended / short Lighter at +9.8% net APR (high risk, ~3.9d to break even).
OP funding history on Hyperliquidlast 30d
- Backtested (30d)
- -3.3%
- Stability
- 27.4%
- Risk
- low
- Breakeven
- ~2d
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 |
|---|---|
| Kraken | +38.42% |
| SoDEX | +10.95% |
| Aster | +10.95% |
| Lighter | +10.51% |
| Grvt | +8.43% |
| TxFlow | +5.50% |
| dYdX | +0.00% |
| Variational | -2.19% |
| Extended | -6.13% |
| Hyperliquid | -11.24% |
Frequently asked
What is the current OP funding rate on Hyperliquid?
OP on Hyperliquid is funding at -11.24% APR (-0.0013% every 1h), paid shorts pay longs, as of 2026-10-27 23:44 UTC.
How often does Hyperliquid pay funding on OP?
Every 1 hour.
How do I earn OP funding without price risk?
Open a delta-neutral position: long Hyperliquid and short Lighter, currently 16.2% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.