Hyperliquid funding extremes — 2026-07-05
alpha micro-digest
top 5 paying longs (shorts collect carry):
$ZRO +100.7% apr (oi $27.7M) $ETHFI +63.8% apr (oi $5.7M) $kBONK +54.4% apr (oi $9.9M) $XMR +42.8% apr (oi $47.4M) $GRASS +25.8% apr (oi $12.0M)
top 5 paying shorts (longs collect carry):
$VVV -83.1% apr (oi $19.5M) $WLFI -25.9% apr (oi $10.5M) $BCH -25.5% apr (oi $6.6M) $BNB +4.4% apr (oi $23.3M) $PENGU +4.6% apr (oi $5.8M)
cleanest carry trade right now is shorting $ZRO perp at 100.7% apr while holding spot. the risk that kills it: a sudden deleveraging event that spikes funding even higher before mean-reverting, forcing you to post more collateral or get liquidated on the hedge leg.
more at falsifylab.com
#OnchainAlpha #PerpFunding #Hyperliquid $HYPE
— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.