Hyperliquid funding extremes — 2026-05-13
alpha micro-digest
funding snapshot. may 13, 03:00 utc. longs paying shorts on top, shorts paying longs on bottom.
longs paying shorts (positive funding): $XMR +63.9% apr (oi $42.0M) $PENDLE +35.1% apr (oi $18.6M) $ZEC +32.2% apr (oi $253.1M) $ZRO +31.9% apr (oi $35.6M) $BTC +11.0% apr (oi $2.35B)
shorts paying longs (negative funding): $CHIP -58.7% apr (oi $12.1M) $APT -44.7% apr (oi $6.3M) $BCH -15.1% apr (oi $6.1M) $SUI -11.8% apr (oi $39.7M) $ADA -0.1% apr (oi $17.5M)
cleanest carry trade: short $XMR perp, collect +63.9% apr. risk: $XMR squeezes on low liquidity and the funding flips negative before you can close.
more at falsifylab.substack.com
#PerpFunding #OnchainAlpha #FundingArb $HYPE
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