Hyperliquid PEOPLE/USDT Funding Rate

PEOPLE/USDT on Hyperliquid has maintained a 95.2% positive rate frequency across 19,260 funding settlements since 2024-01-03. This translates to an annualized yield of 13.17% for delta-neutral positions.

The funding rate ranged from a low of -0.0175% to a high of 0.0648% 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 (95.2%) indicates persistent long-side demand for PEOPLEperpetual 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 PEOPLE/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 19,260 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.