paid $11.67
$1.67 a day over 168 settlements · a short earned the same
BTC funding rate: Hyperliquid vs Lighter vs Aster
BTC perpetual funding is currently 0.0100% per 8h on Hyperliquid (longs pay shorts, paid every 1h); 0.0096% per 8h on Lighter (longs pay shorts, paid every 1h); 0.0100% per 8h on Aster (longs pay shorts).
Cost of holding $10k long · 7d · Hyperliquid
Next funding · Hyperliquid
—
top of every hour, Lighter too; Aster —
Mark price · 24h
$81,766-0.82%
Hyperliquid mark vs 24h ago · premium -0.0127%
Gap net of fees · $10k · 7-day hold
−$7.16
long Lighter · short Aster · break-even 1600h
Funding by venue
| Venue | Interval | 8h equivalent | Annualised | 7-day avg (8h) | Open interest | Trade |
|---|---|---|---|---|---|---|
| Hyperliquid BTC | 1h | 0.0100% | 10.9% | 0.0056% (168 pts) | $3.36B | Hyperliquid ↗ |
| Lighter BTC | 1h | 0.0096% | 10.5% | 0.0045% (168 pts) | $162.9M | Lighter ↗ |
| Aster BTCUSDT | 8h | 0.0100% | 10.9% | 0.0031% (21 pts) | $460.6M | Aster ↗ |
| Binance CEX reference | 8h | 0.0100% | 10.9% | — | — | — |
| Bybit CEX reference | 8h | 0.0055% | 6.0% | — | — | — |
Native rate is per the venue's own interval; the 8h column normalises it. Binance and Bybit are reference only. Methodology.
Funding, last 7 days
Hyperliquid 168 settlements · range -0.0112% to 0.0100% per 8h · $10k long paid $11.67
Lighter 168 settlements · range -0.0152% to 0.0096% per 8h · $10k long paid $9.43
Aster 21 settlements · range -0.0023% to 0.0100% per 8h · $10k long paid $0.82
Above the dashed zero line longs paid shorts. BTC funding history (CSV) · all data.
Cross-venue gap
The widest gap right now is between Aster (0.0100% per 8h) and Lighter (0.0096% per 8h): 0.0004% per 8h, or 0.4% annualised gross. A delta-neutral position (long Lighter, short Aster) would collect that difference while it persists.
Gross of fees (0% taker on Lighter, 0.04% on Aster), slippage and rate changes; funding resets hourly. Net it in the calculator · all gaps.
Contract notes
- Hyperliquid
- BTC · max leverage 40× · funding hourly at 1/8 of the 8h rate, interest component 0.01%/8h · taker 0.045% / maker 0.015% at base tier · premium now -0.0127% vs oracle
- Lighter
- BTC (market #1) · funding hourly, premium spread over 8h · fees 0.000% taker / 0.000% maker on Standard accounts · min initial margin 2.0% (≈50× max leverage)
- Aster
- BTCUSDT · funding every 8h, next at Sat, 17 Oct 2026 00:00:00 UTC · taker 0.04% / maker 0% for general crypto pairs · fee cap ±2% per interval
Questions traders ask about BTC funding
Who pays BTC funding right now?
On Hyperliquid, longs pay shorts at 0.0100% per 8h. On Lighter, longs pay shorts at 0.0096% per 8h. On Aster, longs pay shorts at 0.0100% per 8h. The side that pays is the side the market is leaning towards: positive funding means the perp trades above the index and longs compensate shorts.
How often is BTC funding charged?
Hyperliquid every 1h, Lighter every 1h, Aster every 8h. Hyperliquid and Lighter settle one eighth of the 8h figure each hour; Aster charges its native rate once per 8-hour interval.
What did it cost to hold BTC this week?
A $10,000 long on Hyperliquid paid $11.67 in funding over the last 168 hourly settlements, about $1.67 a day; a short of the same size received it. On Lighter the same long paid $9.43, on Aster the same long paid $0.82. Trading fees and price moves are not included.
Is BTC funding higher on Hyperliquid or on the other venues?
At this snapshot Aster has the highest rate (0.0100%) and Lighter the lowest (0.0096%). Seven-day averages: Hyperliquid 0.0056% (6.1% APR), Lighter 0.0045% (4.9% APR), Aster 0.0031% (3.4% APR). Differences come from each venue's own order-book premium, interest-rate component and clamp parameters; see why venues diverge.