Hyperliquid funding rates and open interest today

Current source-backed snapshot

This page is an extremity ranking, not a list of the largest coins or highest open-interest markets. Every fresh Hyperliquid perpetual with at least $100,000 estimated open interest receives the larger of two comparable scores: absolute hourly funding divided by the 0.03% alert reference, or absolute 15-minute open-interest change divided by the 5% reference. The 20 highest-scoring rows are displayed, with price direction and approximate position size retained so an extreme percentage from a smaller market can be judged. Open interest does not reveal whether new positions are mainly long or short, and a high rank does not predict a squeeze, reversal or profitable trade.

Input documentation: Hyperliquid perpetuals API · CoinNudge methodology

Observation window: Current hourly funding and local 15-minute OI comparison

Calculation cadence: Auto-refresh about every 30 seconds

Calculation version: hyperliquid-funding-oi-extremity-1.0

Download current dataset: JSON · CSV Raw values retain the dataset's published precision. Free fair-use limit: 60 requests per minute per IP, shared across all Research JSON and CSV endpoints.

Current source health

• hyperliquid: live; last success 2026-09-13 15:42:10 UTC

Hyperliquid only; rows require at least $100,000 estimated open interest. Open interest does not identify the dominant side, and the local 15-minute comparison can vary by roughly one 30-second collection interval.

How to read this page

• Positive funding means longs pay shorts; negative funding means shorts pay longs on this venue.
• Rising open interest means leverage is being added, but does not identify the dominant side by itself.
• Falling open interest indicates positions are being removed; price and liquidation context are still needed.
• Data freshness and the exact observation window remain visible instead of replacing missing values with zero.

What can this page tell you quickly?

Best for

Finding Hyperliquid perpetual markets where funding cost or a 15-minute change in open positions deserves a closer chart review.

Strongest evidence

Funding, open-interest change, price direction and open-interest notional are shown together with one venue and one timestamp.

Main limitation

Open interest counts outstanding positions but cannot reveal whether the added leverage is mainly long or short.

Next check

Confirm the same move with spot activity, liquidation pressure, market structure and your own risk rules before making a trading decision.

What do crypto funding rates and open interest measure?

A perpetual funding rate is a venue-specific payment exchanged between long and short position holders. On the Hyperliquid markets shown here, a positive rate means longs pay shorts and a negative rate means shorts pay longs. The rate describes the current cost of holding one side of a perpetual position; it does not measure spot demand, predict the next candle or prove that the paying side is about to close.

Open interest is the amount of outstanding perpetual positioning that has not yet been closed. CoinNudge converts the venue-reported coin quantity into an approximate USD notional using the current price and compares it with the closest valid local sample around 15 minutes earlier. Rising open interest means new exposure is being added somewhere on both sides of the contract. Falling open interest means positions are being removed, voluntarily or forcibly, but does not identify the cause by itself.

Verify: Hyperliquid perpetuals API · CoinNudge methodology

What does rising or falling open interest mean when price moves?

Open interest becomes more useful when it is time-aligned with price. Price rising while OI rises shows that the move is attracting additional leveraged exposure. Price rising while OI falls is more consistent with positions being closed during the move. The equivalent distinction applies to falling prices. These are market-structure descriptions, not automatic bullish or bearish labels, because every contract still has both a long and a short side.

Funding adds a cost and crowding clue. Positive funding beside rising price and rising OI can indicate that long exposure is becoming expensive, while negative funding beside falling price and rising OI can indicate that short exposure is becoming expensive. Either condition can persist much longer than expected. A squeeze becomes a plausible scenario only after price and forced-liquidation evidence show that traders are actually being pushed out.

Which funding and OI combinations deserve attention first?

CoinNudge ranks the table by how far hourly funding is from 0.03% and how far the 15-minute OI change is from 5%. Those values are product alert thresholds, not universal definitions of an extreme market. A row can rank highly because funding is unusual even when OI is stable, or because OI changes quickly while funding remains ordinary. The reading column says which condition caused the row to stand out.

The most information-rich observation occurs when several independent inputs align: material OI growth, elevated funding cost, matching price direction and fresh liquidation or spot evidence. Correlated price-derived indicators should not be counted as several independent confirmations. When the inputs disagree, the useful conclusion is that evidence is mixed, not that one number should override all others.

• Elevated funding with stable OI: carrying cost is unusual, but leverage is not expanding quickly in the 15-minute comparison.
• Large OI increase with ordinary funding: new exposure is arriving, but the paying side is not yet unusually expensive.
• OI decline after a sharp price move: leverage is being removed; liquidation data is needed to separate forced exits from routine closing.
• Missing OI comparison: the local baseline is not sufficiently aligned, so CoinNudge leaves the change blank instead of manufacturing a value.

How should a trader verify a crypto crowding signal?

Start with the row's venue, timestamp and notional size. A large percentage move from a very small open-interest base can be less consequential than a smaller change in a deep market. Then check whether spot price and executed-order flow support the perpetual move. Finally, inspect nearby support, resistance, volatility and the location of any observed liquidation cluster. This sequence turns the table into a research queue rather than a list of trade commands.

Risk still has to be decided outside CoinNudge. The page does not know a visitor's position, leverage, entry price, loss tolerance or jurisdiction. A useful alert can arrive before confirmation, after part of a move has occurred or during a trend that remains crowded for hours. The appropriate action may be to investigate, reduce leverage, wait or do nothing.

• Confirm that the source is live and that the OI sample window is available.
• Compare percentage change with open-interest notional and 24-hour venue liquidity.
• Check whether spot price and executed buying or selling agree with the perpetual move.
• Use liquidation pressure as evidence of forced exits, not as proof that a reversal has begun.
• Define invalidation and maximum loss independently; CoinNudge does not size or execute a position.

Why use a live funding and OI page instead of a static explanation?

A static guide can explain funding and open interest, but it cannot answer which Hyperliquid markets are unusual now. This page combines an evergreen interpretation framework with a current, timestamped venue snapshot. The stable sections make every field auditable; the live table provides original observations that a general explanation or an offline language model cannot reproduce reliably.

CoinNudge keeps discovery separate from delivery. The public page is useful for active research, while Pro applies documented materiality, freshness and suppression rules before sending qualifying leverage context to a private Telegram chat. Website rows are not evidence that a Telegram message was sent, and Telegram delivery is not evidence that the subsequent trade would be profitable.

How would I research whether crowded funding precedes deleveraging?

Freeze a funding and OI observation at a stated time, then compare later OI and price changes over a preselected window. Positive funding alone cannot identify which positions will close next.

Today's ranking is a current snapshot. A complete historical funding/OI study requires verified observation coverage and a separately scoped delivery.

• Keep Hyperliquid's native funding semantics and the OI unit alongside the normalized display value.
• Group observations by funding sign, initial OI change and price direction; keep neutral observations for comparison.
• Save source times and missing baselines, then calculate later outcomes without using them as entry features.

Verify: Hyperliquid perpetuals API · CoinNudge methodology

What is measured, and what is not?

Method and data boundary

Hyperliquid perpetual context is refreshed from metaAndAssetCtxs. Funding is displayed as an hourly percentage. Rows require at least $100,000 estimated open interest. Open interest is compared with the closest locally stored snapshot around 15 minutes earlier; the 30-second collection cadence creates an explicit sampling tolerance.

Open interest shows the amount of open positioning, not whether the market is net long or net short. The local 15-minute comparison can vary by roughly one 30-second collection interval. Hyperliquid is one venue and its figures must not be described as whole-market leverage.

Read the complete CoinNudge methodology

Sources and verification

• Hyperliquid perpetuals APICurrent market context, including funding, mark price, volume and open interest.
• CoinNudge methodologySampling alignment, freshness limits and alert thresholds.

Frequently asked questions

Monitor leverage without keeping this page open

CoinNudge Pro sends qualifying funding, open-interest and liquidation context to your private Telegram chat.