Mean funding rate of the HYPE perpetuals on Binance and Bybit, shown annualized.

Binance charges funding every 4 hours and Bybit every 8 hours, so each payment is converted to an hourly rate before averaging. The chart shows the daily mean, annualized (hourly rate × 24 × 365).

When it is positive, longs pay shorts; when it is negative, shorts pay longs. Persistently high values signal crowded, leveraged long positions. A gap between this rate and the funding rate on Hyperliquid shows where traders are more bullish or bearish.

API: CEX Funding Rate · Funding Rate