Hyperliquid funding extremes — 2026-05-18
alpha micro-digest
funding extremes snapshot. 2026-05-18 03:00 utc.
top 5 paying longs (shorts collect carry): $AVAX +11.0% apr (oi $41.0m) $BNB +11.0% apr (oi $29.6m) $ARB +11.0% apr (oi $5.6m) $SUI +11.0% apr (oi $31.8m) $kPEPE +11.0% apr (oi $17.4m)
top 5 paying shorts (longs collect carry): $CHIP -217.8% apr (oi $7.3m) $WLD -135.4% apr (oi $7.2m) $APT -38.9% apr (oi $5.5m) $BCH -32.2% apr (oi $5.4m) $SOL -12.3% apr (oi $327.9m)
cleanest carry trade right now: short $SOL perpetual, collect 12.3% apr on $327.9m of open interest. risk: solana breaks above $90 and funding flips positive, or the spot-synthetic basis blows out during a liquidation cascade.
more at falsifylab.substack.com
#PerpFunding #Hyperliquid #FundingArb $HYPE
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