Hyperliquid INIT perpetual
INIT
As of 2026-11-04 08:47 UTC, INIT on Hyperliquid has a collected rate of +0.0013% over 1h, or +10.95% simple annualised; its collected settlement interval is 1h, with up to 3x leverage. Aster has a lower rate for longs at -6.13%.
Settled rates over the past 30 days
Settled funding for INIT
The latest 30-day window contains 703 settlements covering 703 known-period hours, with a cumulative rate of +0.0032%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-11-03 15:00 | +0.0013% | 1h |
| 2026-11-03 14:00 | +0.0013% | 1h |
| 2026-11-03 13:00 | -0.0046% | 1h |
| 2026-11-03 12:00 | -0.0026% | 1h |
| 2026-11-03 11:00 | -0.0047% | 1h |
| 2026-11-03 10:00 | -0.0031% | 1h |
| 2026-11-03 09:00 | -0.0006% | 1h |
| 2026-11-03 08:00 | -0.0064% | 1h |
| 2026-11-03 07:00 | -0.0081% | 1h |
| 2026-11-03 06:00 | -0.0063% | 1h |
| 2026-11-03 05:00 | -0.0080% | 1h |
| 2026-11-03 04:00 | -0.0078% | 1h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
How do I select the margin tier for INIT?
This table selects tiers by position notional in USD, not by the amount of margin deposited. The first tier starts at 0.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
With deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 16.6667% | 3.00x | — |
Contract specification
Quote currency: USD · Settlement currency: USDC · Settlement interval: 1h (on the hour, UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Aster | INITUSDT | 4h | -6.13% |
| Binance | INITUSDT | 4h | +10.95% |
| Bitget | INITUSDT | 4h | +10.95% |
| Bybit | INITUSDT | 4h | +10.95% |
| Gate | INIT_USDT | 8h | +10.95% |
| Hyperliquid this page | INIT | 1h | +10.95% |
| OKX | INIT-USDT-SWAP | 4h | +10.95% |
Common questions
What is the Hyperliquid INIT funding rate?
The latest collected Hyperliquid INIT funding rate is +0.0013% per 1h rate period, or +10.95% simple annualised. At this rate longs pay shorts.
How often is funding charged on Hyperliquid INIT?
The collected settlement interval is 1h, normally 24 times a day. It settles on the hour (UTC). Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on Hyperliquid INIT?
The collected leverage cap for Hyperliquid INIT is 3x, on a single margin tier that applies at every position size.
What is the maintenance margin rate on Hyperliquid INIT?
A single tier applies at every position size, requiring 16.6667%. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
Which venue has the lowest INIT funding cost for longs?
For a long position, Aster currently has the lowest rate at -6.13% annualised; this page's Hyperliquid is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has Hyperliquid INIT funding paid over the past 30 days?
Settlements over the past 30 days annualise to +0.04% across 703 settlements, 16% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-11-04 08:47 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Hyperliquid official data source · Funding methodology
History coverage for this contract
703 settlements are available, covering 703 known-period hours, from 2026-10-05 09:00 to 2026-11-03 15:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.