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Hyperwake

Funding rate

Stub article — full content coming soon.

The funding rate is a periodic payment exchanged between long and short holders of a perpetual contract. It keeps the perp price tethered to the underlying spot price.

  • Positive funding → longs pay shorts (market is long-heavy).
  • Negative funding → shorts pay longs (market is short-heavy).

The dashboard’s flow view shows the live funding rate next to where top traders are positioning, so you can see when smart money leans with or against the funding.