HYPE Funding Rates, Open Interest Across Exchages

Hyperliquid’s HYPE metrics pull together perpetual funding rates by exchange and total open interest in USD to give you a quick pulse on the market. Measures: Funding rates aggregated by exchange | Total Open Interest in USD | Price (HYPE) Reflects: Market risk and funding dynamics across perpetuals Interpretation: ↑ Funding rates/↑ Open Interest → more leverage demand (people borrowing to take bigger bets) · ↓ Funding rates/↓ Open Interest → deleveraging pressure (traders reducing bets) Context: Often analyzed with price action and liquidity conditions Tags: Category: Market Metric | Signal Type: Valuation | Market Scope: Cross-market