Funding Rate on Hyperliquid. Many see the number; hardly anyone calculates it. Here’s how to read it in four steps. 👇 1. At the top of the trade window, you’ll see “Funding” with a countdown. On Hyperliquid, funding is paid every hour. 2. Positive means: Longs pay Shorts. Negative means: Shorts pay Longs. This happens directly between traders—the exchange takes no fee. 3. Calculate: Position size × Oracle price × Funding rate. For a $10,000 long position at 0.00125% per hour, that’s $0.125 per hour, or $3 per day. 4. 0.00125% per hour is the base rate. Anything significantly higher means the contract is trading above the spot price, and many traders are eager to go leveraged long. Funding is capped at 0.5% per hour—on a $10,000 position, that would be $50 per hour. High funding isn’t a sell signal—it simply shows who’s paying rent right now. How often do you check funding before entering a trade?