Hyperliquid funding extremes — 2026-06-30
alpha micro-digest
$DYDX longs paying 90.8% apr on $10.9m oi. mark $0.1584. $LIT 52.6% on $82.9m. $ZRO 31.0% on $24.0m. $FARTCOIN 22.1% on $21.9m. $ETH 11.0% on $1.14b. shorts collecting.
$EIGEN shorts paying 47.7% on $5.6m oi. $TRX 29.4% on $14.5m. $ADA 29.3% on $27.6m. $DOGE 16.1% on $19.1m. $XRP 13.2% on $70.4m. longs collecting.
cleanest carry here is short $DYDX perp, spot buy to hedge. the risk that kills it: a sudden mark price spike from a thin orderbook liquidation cascade that gaps the spot leg before you can rebalance. the apr is high because the market is pricing that gap risk.
more at falsifylab.com
#OnchainAlpha #DeFiYield #PerpFunding $HYPE
— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.