Hyperliquid ACE/USDT Funding Rate

ACE/USDT on Hyperliquid has maintained a 84.9% positive rate frequency across 19,647 funding settlements since 2023-12-18. This translates to an annualized yield of -0.53% for delta-neutral positions.

The funding rate ranged from a low of -0.8644% to a high of 0.0498% per settlement period. With 1-hour intervals, Hyperliquid settles this pair 24 times per day — each settlement is a tradeable event.

The consistently high positive rate (84.9%) indicates persistent long-side demand for ACEperpetual futures. This creates a structural alpha for short-side collectors — and a highly predictable binary market for Settled traders. When the current rate is positive, there is historically >95% probability the next settlement will also be positive.

Funding rates are periodic payments between long and short traders on perpetual futures contracts. When the rate is positive, longs pay shorts — indicating bullish sentiment and excess leverage on the long side. When negative, shorts pay longs.

Hyperliquid settles ACE/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 19,647 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.