Hyperliquid Funding Cost Calculator
What a position actually costs in funding, per hour, per day and over a holding period — pre-filled with the live rate of the market you pick.
- Per hour
- −$1.25
- Per day
- −$30.00
- Current 8h rate
- 0.0100 %
- Annualized
- 11.0 %
How funding works on Hyperliquid
Funding is exchanged between longs and shorts every hour, to keep the perpetual price anchored to the spot index. A positive rate means longs pay shorts. Unlike most venues that settle every eight hours, Hyperliquid settles hourly — so a rate that looks small compounds faster than traders expect.
The annualized figure projects the current rate forward. It is a projection, not a forecast: rates change every hour, and a crowded trade can flip the sign in a session.
Why this matters more than it looks
On a position held for weeks, funding routinely exceeds trading fees by an order of magnitude. A wallet that looks profitable on realized PnL can be flat once funding is counted, which is why the PnL explorer separates realized, funding and fees rather than blending them.
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All funding rates · Liquidation calculator · PnL calculator · All markets