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?
- OI-weighted funding across the book is 5.6% APR — the whole exchange leans long. Broad risk-off moves hit harder when everyone is on the same side.
Highest funding (longs pay)
PAXG
11% APR
SILVER
5% APR
GOLD
5% APR
COPPER
5% APR
NATGAS
-1% APR
Most negative funding (shorts pay)
NATGAS
-1% APR
COPPER
5% APR
GOLD
5% APR
SILVER
5% APR
PAXG
11% APR
Open interest leaderboard
GOLD
$311.09M
SILVER
$194.54M
PAXG
$23.84M
COPPER
$13.09M
NATGAS
$11.32M
24h volume leaderboard
SILVER
$126.76M
GOLD
$44.86M
NATGAS
$19.00M
COPPER
$5.56M
PAXG
$3.03M
Long/short skew & basis
| Market | 24h | Funding APR | Long / short flow | Basis (perp−oracle) | OI |
|---|---|---|---|---|---|
| SILVERCommodity | +1.7% | 5% | 1.15:1 | 0.011% | $194.54M |
| GOLDCommodity | +0.3% | 5% | 1.15:1 | 0.025% | $311.09M |
| NATGASCommodity | −1.8% | -1% | 0.98:1 | -0.031% | $11.32M |
Long/short flow is estimated from funding pressure; Hyperliquid does not publish account-level ratios.