Hyperliquid Funding Cost & Liq Alert on Bybit
holding $1,000 of Hyperliquid on Bybit perps costs $0.20 every 8h in funding — $0.60 a day, $18.00 over 30 days.
how it's computed
it's rate × size × time, and it's a transfer, not a fee: take the other side that week and the longs pay you $4.20. the liq alarm runs while you hold.
- per 8h interval
- $0.20
- over 7 days
- $4.20
- flip to short, per week
- +$4.20
alert at $86.0556
if the wick tags $82.011, the ~$100 of margin on this position is gone. the scream is free.
free: 2 alerts, no card · unlimited + night mode $9/mo — one wick costs more
the short version
- holding $1,000 of HYPE on Bybit at 0.02% per 8h costs $0.60 a day — $18.00 a month.
- it's a transfer, not a fee: the same size short would collect $4.20 a week.
- on isolated margin every payment comes out of your margin, so a week of holding pulls the liq 0.42% closer to entry.
how to use this tool
funding is the rent on a perp position: on a fixed clock the longs and shorts settle the difference between perp price and spot. type your size and the current rate, see what holding costs per day, week, month — and what it pays if you flip the side.
the meter on your position
funding is rent: size × rate × intervals, settled every 8h on Bybit. positive rate means longs pay.
read more
funding tethers the perp to spot: above zero longs pay shorts, below zero shorts pay longs. Bybit settles every 8 hours — 3 times a day.
it is charged on notional, not margin: at 25x, 0.03% of notional a day is 0.75% of your margin a day.
worked example: $1,000 HYPE long at 0.02% funding per 8h
$1,000 long at 0.02% per 8h: $0.60 a day, $18.00 a month.
- per 8h interval
- $0.20
- per day (3 intervals)
- $0.60
- per week
- $4.20
- per 30 days
- $18.00
- same size short, same week
- +$4.20 paid to you
read more
$1,000 long, funding at 0.02% per 8h: $0.20 each interval, $0.60 a day, $4.20 a week, $18.00 over a month — the rent on holding a perp.
flip the side and the same money lands in your account: the short collects $4.20 a week. bybit perp taker fees run 0.055% a side — 0.01% of notional above hyperliquid. nobody moves venue over that, but the round trip is 0.11% and at 20x that is 2.2% of your margin — the same conversation as funding.
when funding is the trade
extreme funding means a one-sided crowd. the side collecting it still needs a stop.
read more
hyperliquid funding keeps changing sign — negative on 21% of the last 7 days' samples, -0.0111% to 0.005% per 8h. positioning turning over, not a carry trade: do not size a multi-day hold on today's 0.0034%.
getting paid 0.10% per 8h to short a vertical move is how accounts end up on the liquidation tape — collect funding with a stop, not with hope.
the 8h clock
enter just before a settlement and you pay a full interval — check the countdown first.
read more
Bybit settles funding at fixed timestamps (00:00, 08:00, 16:00 utc for usdt-m). entering a position two minutes before a settlement pays a full interval — the countdown is worth checking before you market-buy a crowded long.
funding plus liq: the two numbers that matter
funding bleeds slowly; liquidation takes everything at once. watch both.
read more
use the numbers here for the bleed, the Hyperliquid liq alert for the cliff, and the alert below to hear about either before it arrives.
faq
how is funding cost calculated?
cost = size × funding rate × intervals held. a usdt-m perp settles on a fixed clock — every 8 hours on binance, bybit and okx, hourly on hyperliquid — so a day is 3 intervals there and 24 on hyperliquid. funding applies to notional, not margin — 0.01% on a $20,000 position is $2 per settlement, $6 a day, regardless of leverage.
who pays funding on a perpetual future?
funding > 0: longs pay shorts. funding < 0: shorts pay longs. it's a transfer between the two sides that keeps the perp anchored to spot — not a fee to the exchange, though the exchange's mark decides the rate.
what is a typical funding rate?
0.01% per 8h is the baseline most usdt-m perps are quoted against (0.03% a day — hyperliquid prints the same rent in hourly slices). calm markets hover there; crowded directional markets push it to 0.05–0.10%+; panics flip it negative. when funding is extreme, the fee is telling you who's trapped.
how often is funding paid on binance, bybit, okx and hyperliquid?
binance, bybit and okx settle usdt-m perps every 8 hours, at 00:00, 08:00 and 16:00 utc; hyperliquid settles hourly, at the top of every hour. some contracts (notably during extreme volatility) can switch to hourly funding on the 8h venues too — if the rate looks 8x smaller but the countdown says 1h, that's why.
does funding apply to my whole position or just the margin?
the whole notional. that's why leverage multiplies it: 0.03% a day on notional is 0.75% a day of your margin at 25x. funding looks trivial in the exchange ui because they show it against margin; this page shows it against your size.
can i get paid funding?
yes — hold the side funding pays. in a crowded long market, shorts collect at every settlement — 8-hourly on binance, bybit and okx, hourly on hyperliquid. but you're shorting a rising market to do it, so collect with a stop: funding income is small, fast, and stops mattering entirely the moment price runs through your liq.
walk me through the HYPE example on this page
$1,000 HYPE long at 0.02% funding per 8h: per 8h interval $0.20; per day (3 intervals) $0.60; per week $4.20; per 30 days $18.00; same size short, same week +$4.20 paid to you. the full narrative is in the explainer above — and estimate — exchanges compute exact liq from live margin; always double-check on your venue.