Hyperliquid PURR/USDT Funding Rate

PURR/USDT on Hyperliquid has maintained a 98.3% positive rate frequency across 11,925 funding settlements since 2024-11-04. This translates to an annualized yield of 41.75% for delta-neutral positions.

The funding rate ranged from a low of -0.3891% to a high of 0.2215% 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 (98.3%) indicates persistent long-side demand for PURRperpetual 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 PURR/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 11,925 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.