Funding Dashboard
The cost of leverage across the whole exchange: who's paying, who's getting paid, and where positioning is stretched.
AI analysis — why is funding where it is?
- PRL funding is 1139% APR. Why so high? Perp longs outweigh shorts so badly that longs pay a premium every hour to keep the position. It usually means late-stage chasing — either spot buyers confirm the move, or the crowd gets flushed.
- MINIMAX funding is -322% APR — shorts are paying to stay short. If price refuses to break down, this is the fuel short squeezes are made of.
- OI-weighted funding across the book is 11.6% APR — the whole exchange leans long. Broad risk-off moves hit harder when everyone is on the same side.
Highest funding (longs pay)
PRL
1139% APR
KR200
398% APR
SKHX
192% APR
PURRDAT
154% APR
KIOXIA
124% APR
MELI
97% APR
SMSN
94% APR
EWZ
86% APR
Most negative funding (shorts pay)
MINIMAX
-322% APR
BVIV
-295% APR
KORU
-258% APR
GIGADEV
-229% APR
ZHIPU
-187% APR
SKHY
-155% APR
STRC
-140% APR
TLT
-134% APR
Open interest leaderboard
BTC
$3.41B
ETH
$2.66B
HYPE
$1.63B
ZEC
$614.02M
SOL
$588.27M
SKHX
$416.76M
SP500
$340.62M
NEAR
$330.37M
24h volume leaderboard
BTC
$4.30B
ETH
$1.94B
SKHX
$599.25M
HYPE
$585.04M
ZEC
$451.57M
SP500
$417.38M
XYZ100
$384.70M
SOL
$338.60M
Long/short skew & basis
| Market | 24h | Funding APR | Long / short flow | Basis (perp−oracle) | OI |
|---|---|---|---|---|---|
| SKHXOther | −2.3% | 192% | 1.90:1 | 0.471% | $416.76M |
| SMSNOther | −2.1% | 94% | 1.89:1 | 0.089% | $36.48M |
| CRWVOther | +10.2% | 62% | 1.86:1 | -0.083% | $24.19M |
| SOXLOther | −0.6% | 45% | 1.79:1 | -0.023% | $32.63M |
| DELLOther | −5.4% | 39% | 1.74:1 | 0.013% | $10.12M |
| AMZNEquity | +1.2% | 36% | 1.71:1 | 0.068% | $28.53M |
| AMDEquity | −0.6% | 35% | 1.71:1 | -0.008% | $15.29M |
| TSLAEquity | −0.2% | 32% | 1.67:1 | 0.035% | $45.47M |
| MSTREquity | +4.7% | 32% | 1.67:1 | 0.001% | $41.25M |
| METAEquity | +0.5% | 27% | 1.60:1 | 0.030% | $84.39M |
| NBISOther | +4.1% | 27% | 1.60:1 | 0.071% | $38.72M |
| INTCEquity | −1.5% | 22% | 1.52:1 | 0.028% | $60.82M |
| STRKCrypto | +13.2% | 22% | 1.52:1 | 0.057% | $52.14M |
| GOOGLEquity | +1.3% | 18% | 1.44:1 | 0.019% | $95.68M |
| XYZ100Other | +0.5% | 17% | 1.42:1 | 0.048% | $294.72M |
| SPCXOther | −1.3% | 16% | 1.41:1 | 0.014% | $128.85M |
| CRCLEquity | +11.5% | 16% | 1.40:1 | -0.070% | $84.50M |
| ANTHOther | −3.6% | 14% | 1.36:1 | 0.246% | $39.26M |
| MRVLOther | −0.1% | 13% | 1.35:1 | -0.022% | $8.03M |
| BTCCrypto | +0.7% | 11% | 1.29:1 | -0.027% | $3.41B |
Long/short flow is estimated from funding pressure; Hyperliquid does not publish account-level ratios.