Glossary
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The gap between the perpetual contract price and the oracle price, expressed as a fraction. It is the main input to the funding rate.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Funding rate A periodic payment between long and short holders of a perpetual contract. On Hyperliquid it is charged every hour and the exchange takes none of it.
- Oracle price An external reference price for an asset, published to the exchange by its validators. Hyperliquid uses it for the funding calculation and as an input to the mark price.