Perp Funding Rate (APR)
The annualised funding rate on the Hyperliquid ZEC perpetual.
11%
funding APR
▍How it is computed
Hourly funding rate from Hyperliquid, averaged per day and annualised (× 24 × 365). Positive means longs pay shorts — the market is paying to be long.
▍How to read it
Sustained high positive funding is crowded, leveraged long positioning — often a sign of froth. Negative funding means shorts are paying, which can mark capitulation.
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