Glossary
Funding rate
Also called funding
A periodic payment between long and short holders of a perpetual contract. On Hyperliquid it is charged every hour and the exchange takes none of it.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Perpetual futures A futures contract with no expiry date. Instead of settling on a date, a funding payment between longs and shorts keeps its price tethered to the underlying asset.
- Premium The gap between the perpetual contract price and the oracle price, expressed as a fraction. It is the main input to the funding rate.
- Oracle price An external reference price for an asset, published to the exchange by its validators. Hyperliquid uses it for the funding calculation and as an input to the mark price.