Hyperliquid funding extremes — 2026-06-22
alpha micro-digest
$XMR long pays +48.9% apr on $47.3M oi. privacy coin with a persistent bid, shorts collecting almost fifty percent annualized. $BNB, $LTC, $kPEPE, $LINK all clustered at +11.0% apr. nothing dramatic, just steady demand for leverage on the long side.
$HYPE short pays -69.5% apr on $1.36B oi. the entire perp market is leaning one way and paying for it. $CRV short pays -53.4% apr on thin $5.7M oi, $ZEC at -24.4% on $192.3M. longs are getting paid to absorb the other side of these crowded shorts.
cleanest carry trade right now: short $XMR perp, spot hedge with $XMR. collect +48.9% apr while the funding regime holds. risk: a privacy coin delisting event or exchange restriction that breaks the spot borrow market and leaves the short leg unhedged.
more at falsifylab.com
#PerpFunding #Hyperliquid #FundingArb $HYPE
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