S funding rate on Hyperliquid
Over the last 30 days, S funding on Hyperliquid averaged -3.0% APR and stayed positive 68.6% of the time, ranging from -115.4% to +10.9%. Right now it pays shorts pay longs at -76.4% APR, settled every 8h across 8 venues we track. The most reliable delta-neutral pairing for S right now is long Extended / short Lighter at +91.1% net APR (high risk, ~0.6d to break even).
S funding history on Hyperliquidlast 30d
- Backtested (30d)
- -2.7%
- Stability
- 53.1%
- Risk
- low
- Breakeven
- ~1d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How S funding compares across venues
| Exchange | Funding APR |
|---|---|
| 01xyz | +17.52% |
| dYdX | +0.00% |
| Variational | -21.08% |
| Lighter | -54.31% |
| Hyperliquid | -76.42% |
| Kraken | -94.47% |
| Aster | -124.38% |
| Extended | -155.05% |
Frequently asked
What is the current S funding rate on Hyperliquid?
S on Hyperliquid is funding at -76.42% APR (-0.0087% every 8h), paid shorts pay longs, as of 2026-07-29 10:38 UTC.
How often does Hyperliquid pay funding on S?
Every 8 hours.
How do I earn S funding without price risk?
Open a delta-neutral position: long Extended and short Hyperliquid, currently 66.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.