Hyperliquid TNSR/USDT Funding Rate

TNSR/USDT on Hyperliquid has maintained a 77.5% positive rate frequency across 16,951 funding settlements since 2024-04-08. This translates to an annualized yield of -33.41% for delta-neutral positions.

The funding rate ranged from a low of -1.0805% to a high of 0.0292% 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 (77.5%) indicates persistent long-side demand for TNSRperpetual 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 TNSR/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 16,951 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.