Hyperliquid funding rate calculator
Hyperliquid charges funding every hour. Multiply position notional by the hourly rate and the number of hours. When funding is positive, longs pay shorts; when negative, shorts pay longs.
Why funding matters
Over days or weeks, funding can cost more than trading fees, especially in crowded trades. It can also be an income source for the other side, which is the idea behind funding-rate arbitrage. Full mechanics: Hyperliquid funding rates.
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