The Hyperliquid PUMP funding rate is only useful when it fits the wallet. Hyperdaily frames PUMP through thin-liquidity sensitivity and sharp position-size effects, 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 | $0.00613 (+8.9% 24h) |
| Open interest | $303.5M |
| 24h volume | $189.2M |
Read live from the public Hyperliquid API, updated 2026-10-02 16:07 UTC. Funding is paid hourly.
PUMP has a thinner risk surface than BTC or ETH, so entry size and impact can dominate the theoretical carry. A route that works on a small notional may fail when scaled.
Slippage, spread, and liquidation distance can consume the expected funding edge before the position survives long enough to collect it.
What is the largest notional that clears spread and slippage without moving the wallet into fragile margin?
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 | Inspect executable depth at the intended size |
| 2 | Reserve more room for spread and slippage |
| 3 | Cap notional independently of displayed APR |
| 4 | Block late entries after one-sided moves |
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.
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