The Hyperliquid OP funding rate is only useful when it fits the wallet. Hyperdaily frames Optimism through L2 rotation flow that turns funding on and off abruptly, then keeps the actual live row and account risk in the scan.
MetaMask or Rabby returns the selected public account. No private key, agent wallet, transaction, or message signature.
| Hourly funding | 0.0013% |
|---|---|
| Annualized | 11% |
| Who pays | longs pay shorts |
| Mark price | $0.10141 (-5.3% 24h) |
| Open interest | $3.0M |
| 24h volume | $1.5M |
Read live from the public Hyperliquid API, updated 2026-08-25 22:33 UTC. Funding is paid hourly.
OP funding follows rotation between L2 names, so the same rate can mean crowded conviction one week and abandoned positioning the next.
Rotation leaves the receive side holding a position that no longer has flow on either side, making the exit costlier than the carry earned.
Is the wallet already exposed to the same L2 rotation through other positions?
Funding is peer-to-peer and settles hourly. The worked example below is arithmetic, not a live quote or return forecast.
| Check | What to verify |
|---|---|
| 1 | Compare OP funding with peer L2 markets |
| 2 | Check whether open interest is rising or draining |
| 3 | Map overlapping L2 exposure in the wallet |
| 4 | Confirm exit liquidity at intended size |
Worked example: at $10,000 oracle notional, an hourly funding rate of 0.01% implies a $1 payment for that interval before trading fees, slippage, and price PnL. Payment direction depends on the sign of the rate and the side of the position.
Hyperliquid perpetual funding is paid every hour.
No. Funding can flip, while price movement, fees, slippage, and liquidation risk can dominate the payment.
Paste a public wallet into Hyperdaily for a read-only briefing that compares live funding context with wallet risk and timing.
Hyperdaily separates public protocol facts from product interpretation, labels stale or missing evidence, and keeps connection separate from signing. Read the full data and scoring methodology.
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