Hyperliquid RENDER/USDT Funding Rate

RENDER/USDT on Hyperliquid has maintained a 86% positive rate frequency across 14,226 funding settlements since 2024-07-31. This translates to an annualized yield of 11.12% for delta-neutral positions.

The funding rate ranged from a low of -0.0842% to a high of 0.0241% 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 (86%) indicates persistent long-side demand for RENDERperpetual 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 RENDER/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 14,226 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.