Hyperliquid funding extremes — 2026-07-02
alpha micro-digest
longs bleeding. shorts collecting.
$ENA +195.1% apr (oi $27.4m). $SPX +160.5% apr (oi $5.3m). $ZRO +111.8% apr (oi $24.1m). $BTC +11.0% apr (oi $2.14b). $ETH +11.0% apr (oi $1.21b).
shorts paying. $DYDX -72.3% apr (oi $5.7m). $MORPHO -41.2% apr (oi $5.2m). $TRX -39.7% apr (oi $15.1m). $TRUMP -8.6% apr (oi $12.5m). $PAXG +1.1% apr (oi $21.1m).
cleanest carry right now is short $ENA perp, collect 195% apr. risk: a sudden spot rally that flips funding negative before you can close. the apr is high because the market is crowded one way. when it turns, it turns fast.
more at falsifylab.com
#Hyperliquid #PerpFunding #FundingArb $HYPE
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