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 845% 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.
- BVIV funding is -300% 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 14.4% APR — the whole exchange leans long. Broad risk-off moves hit harder when everyone is on the same side.
Highest funding (longs pay)
PRL
845% APR
MELI
763% APR
MINIMAX
243% APR
SHAZ
227% APR
CXMT
215% APR
ZHIPU
190% APR
NBIS
151% APR
SKHX
144% APR
Most negative funding (shorts pay)
BVIV
-300% APR
STRC
-125% APR
HIMS
-46% APR
LIT
-45% APR
TLT
-33% APR
BOT
-33% APR
US500
-13% APR
JPY
-11% APR
Open interest leaderboard
BTC
$3.41B
ETH
$2.66B
HYPE
$1.63B
ZEC
$621.79M
SOL
$588.52M
SKHX
$423.05M
SP500
$343.55M
NEAR
$338.09M
24h volume leaderboard
BTC
$4.25B
ETH
$1.91B
HYPE
$583.78M
SKHX
$572.67M
ZEC
$454.02M
SP500
$410.33M
XYZ100
$377.06M
SOL
$336.68M
Long/short skew & basis
| Market | 24h | Funding APR | Long / short flow | Basis (perp−oracle) | OI |
|---|---|---|---|---|---|
| CXMTOther | +2.6% | 215% | 1.90:1 | 0.431% | $30.87M |
| ZHIPUOther | −3.5% | 190% | 1.90:1 | 0.378% | $17.07M |
| SKHXOther | +1.7% | 144% | 1.90:1 | 0.244% | $423.05M |
| SMSNOther | +0.5% | 143% | 1.90:1 | 0.224% | $37.63M |
| STRKCrypto | +12.8% | 85% | 1.89:1 | 0.332% | $52.79M |
| SNDKOther | +0.9% | 81% | 1.89:1 | 0.159% | $6.21M |
| SOXLOther | −1.4% | 60% | 1.85:1 | 0.117% | $33.24M |
| SNXXOther | +2.0% | 58% | 1.84:1 | 0.130% | $2.09M |
| ANTHOther | +1.5% | 45% | 1.79:1 | 0.377% | $41.54M |
| DELLOther | −6.1% | 41% | 1.76:1 | 0.103% | $10.13M |
| NBISOther | +3.1% | 40% | 1.75:1 | 0.072% | $38.75M |
| SNDKOther | +1.0% | 39% | 1.74:1 | 0.091% | $127.43M |
| RKLBOther | +1.8% | 30% | 1.65:1 | 0.107% | $6.88M |
| MUOther | +3.0% | 24% | 1.55:1 | 0.057% | $169.20M |
| INTCEquity | −1.7% | 22% | 1.53:1 | 0.057% | $61.12M |
| CBRSOther | +2.3% | 21% | 1.51:1 | 0.105% | $39.59M |
| TSLAEquity | +0.1% | 21% | 1.50:1 | 0.071% | $47.09M |
| MRVLOther | −1.2% | 21% | 1.50:1 | 0.055% | $7.92M |
| CRWVOther | +8.1% | 19% | 1.46:1 | 0.036% | $24.15M |
| XYZ100Other | +0.4% | 17% | 1.43:1 | 0.072% | $298.01M |
Long/short flow is estimated from funding pressure; Hyperliquid does not publish account-level ratios.