Yield Scanner

Hold spot and short the same asset on Hyperliquid perps with equal notional. The price moves of the two legs largely offset, and the short leg collects funding while funding is positive. Figures below are estimated gross funding at today's rate held constant: before trading fees, spot/perp basis changes, borrow costs and liquidation risk on the short leg.

HL funding is paid hourly; the API rate is per hour. Positive funding = longs pay shorts, so the hedge is long spot + short perp. Negative funding would need a spot short, which is usually not possible on HL, so those markets are shown with a warning, not as trades. Threshold: |funding| ≥ 0.03% per 8h (0.00375% per hour), 20 highest-volume perps.