HYPER (Hyperlane) perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 17 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now HYPER funding ranges from +10.96% annualized on Ventuals to +130.95% on Crypto.com.
The widest cross-exchange funding spread for HYPER is currently 1.1% APR. A delta-neutral funding trade captures this gap by going long on Binance Futures — where funding is lowest, so the long leg is paid or pays the least — and short on BloFin, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
HYPER ranks #642 by open interest among tracked perpetual assets, total open interest across covered venues is $4.4M, 24h volume is $4.5M, the volume-weighted mark price is $0.0733. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest HYPER funding rate right now?
- Crypto.com shows the highest HYPER funding at +130.95% annualized. A high positive rate means shorts get paid, so this is the venue to short HYPER when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long HYPER for funding?
- Ventuals has the lowest HYPER funding at +10.96% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best HYPER funding-arbitrage pair?