Hyperliquid S perpetual
S
As of 2026-10-01 00:31 UTC, S on Hyperliquid has a collected rate of -0.0018% over 1h, or -15.40% simple annualised; its collected settlement interval is 1h, with up to 5x leverage. Bybit has a lower rate for longs at -83.61%.
How do I select the margin tier for S?
This table selects tiers by position notional in USD, not by the amount of margin deposited. The first tier starts at 0.
Settled history is not currently available for this contract. The latest funding snapshot cannot establish the actual funding cost over the past 30 days.
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 | 10.0000% | 5.00x | — |
Contract specification
Quote currency: USD · Settlement currency: USDC · Settlement interval: 1h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Bybit | SUSDT | 4h | -83.61% |
| OKX | S-USDT-SWAP | 4h | -45.97% |
| Binance | SUSDT | 4h | -31.15% |
| Aster | SUSDT | 4h | -24.87% |
| Hyperliquid this page | S | 1h | -15.40% |
| Bitget | SUSDT | 4h | -10.95% |
| Lighter | S | 8h | +10.51% |
| Gate | S_USDT | 4h | +10.95% |
Common questions
What is the Hyperliquid S funding rate?
The latest collected Hyperliquid S funding rate is -0.0018% per 1h rate period, or -15.40% simple annualised. At this rate shorts pay longs.
How often is funding charged on Hyperliquid S?
The collected settlement interval is 1h, normally 24 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on Hyperliquid S?
The collected leverage cap for Hyperliquid S is 5x, on a single margin tier that applies at every position size.
What is the maintenance margin rate on Hyperliquid S?
A single tier applies at every position size, requiring 10.0000%. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
Which venue has the lowest S funding cost for longs?
For a long position, Bybit currently has the lowest rate at -83.61% annualised; this page's Hyperliquid is at -15.40%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
Observation time and verification
This contract’s funding was observed at 2026-10-01 00:31 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Hyperliquid official data source · Funding methodology