Hyperliquid funding extremes — 2026-07-04
alpha micro-digest
longs bleeding. shorts collecting.
$ZRO +118.6% apr (oi $27.1M). $XMR +63.9% apr (oi $45.8M). $GRAM +62.4% apr (oi $16.1M). $SPX +53.3% apr (oi $7.0M). $MEGA +45.0% apr (oi $6.5M).
shorts paying. longs collecting.
$BNB -29.6% apr (oi $24.1M). $WLFI -18.9% apr (oi $10.2M). $TRX -12.8% apr (oi $15.2M). $BCH -6.1% apr (oi $7.0M). $TRUMP +8.0% apr (oi $12.8M). wait, $TRUMP is positive. that means shorts are actually collecting there, not paying. the list is top 5 paying shorts but the fifth entry is positive funding. data is what it is.
cleanest carry trade right now: short $ZRO perp, spot hedge, collect 118.6% apr on $27M oi. risk: funding flips negative and you're paying instead of collecting, with a mark at $0.9047 that could gap on any layerzero news.
more at falsifylab.com
#PerpFunding #Hyperliquid #OnchainAlpha $HYPE
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