Hyperliquid funding extremes — 2026-07-01
alpha micro-digest
$FARTCOIN long pays +84.2% apr (oi $20.1M). $HYPE long pays +49.1% apr (oi $1.40B). $BTC, $ETH, $DYDX all at +11.0% apr. shorts collecting carry across the board.
$TRX short pays -77.1% apr (oi $14.9M). $kPEPE short pays -39.4% apr (oi $11.5M). $LIT short pays -37.6% apr (oi $82.0M). $DOGE short pays -27.4% apr. $TRUMP short pays -19.8% apr. longs collecting here.
cleanest carry trade right now is short $TRX perp, long spot. negative seventy seven percent apr on fourteen point nine million oi. risk: trx is a justin sun token. one buyback announcement or exchange listing and the spot leg gaps against you while the perp shorts get liquidated. the carry math works until the narrative flips overnight.
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#PerpFunding #Hyperliquid #DeFiYield $HYPE
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