Funding Rates › Briefing › 2026-11-03
Perp Funding Briefing — 2026-11-03 (UTC)
The widest liquid gap to the cross-venue median was Hyperliquid on ETC: -0.1539% per 8h against a median of 0.0100% (-16.39 bps). 140 liquid venue rates moved by 3 bps or more per 8h since 2026-11-02; the largest was Hyperliquid (xyz) on HYUNDAI, -0.2530% to 0.4923% (+74.53 bps). 1 HIP-3 markets are new since 2026-11-02; 4 dexes and 167 markets are listed now. The largest reported open interest was BTC on Bybit, $5.27B.
Built from the snapshot of , the first cron run of the UTC day. All text is generated from stored numbers with fixed templates. Material-change score 25 (threshold 12): 1 new HIP-3 markets, 0 new dexes, 140 movers, 10 changes in the top-10 deviations, 4 in the top-10 open interest. Each part counts at most 10. Method.
1. Funding deviations
The 10 largest gaps between a venue's 8h funding rate and the coin's cross-venue median, liquid legs only ($1M open interest screen, same as the deviation page). 902 legs were ranked.
| # | Coin | Venue | Venue 8h | Median 8h | Deviation | Venues |
|---|---|---|---|---|---|---|
| 1 | ETC | Hyperliquid | -0.1539% | 0.0100% | -16.39 bps | 5 |
| 2 | CASHCAT | Aster | 0.1800% | 0.0267% | +15.33 bps | 6 |
| 3 | MU | edgeX | -0.0975% | 0.0088% | -10.63 bps | 6 |
| 4 | MINIMAX | Hyperliquid (xyz) | -0.1051% | 0.0000% | -10.51 bps | 5 |
| 5 | MRVL | edgeX | -0.0990% | 0.0044% | -10.35 bps | 6 |
| 6 | AERO | Lighter | -0.0928% | 0.0100% | -10.28 bps | 7 |
| 7 | MSFT | edgeX | 0.0987% | 0.0016% | +9.71 bps | 6 |
| 8 | MRNA | edgeX | 0.0937% | 0.0000% | +9.37 bps | 6 |
| 9 | ORU | edgeX | -0.0919% | 0.0000% | -9.19 bps | 6 |
| 10 | TSLA | edgeX | 0.0898% | 0.0022% | +8.76 bps | 6 |
2. Movers
Largest change in 8h funding per liquid coin and venue against the previous UTC day's stored digest. 985 legs compared; 140 moved by 3 bps or more.
| Coin | Venue | 8h on 2026-11-02 | 8h now | Change |
|---|---|---|---|---|
| HYUNDAI | Hyperliquid (xyz) | -0.2530% | 0.4923% | +74.53 bps |
| STR | Hyperliquid (xyz) | 0.7956% | 0.0643% | -73.13 bps |
| SKHX | Hyperliquid (xyz) | 0.7524% | 0.0357% | -71.67 bps |
| SKHY | Hyperliquid (xyz) | 0.5509% | -0.0066% | -55.76 bps |
| ORU | Hyperliquid (xyz) | 0.5263% | -0.0142% | -54.05 bps |
| SNXX | Hyperliquid (xyz) | 0.5012% | 0.0568% | -44.44 bps |
| DRAM | Hyperliquid (xyz) | 0.3575% | 0.0156% | -34.19 bps |
| BOT | Hyperliquid (xyz) | 0.1630% | -0.1739% | -33.69 bps |
| IOXIA | Hyperliquid (xyz) | 0.1468% | -0.1666% | -31.34 bps |
| ZHIPU | Hyperliquid (xyz) | 0.3069% | -0.0056% | -31.24 bps |
3. Open interest leaders
Only venues that report open interest are ranked: Bybit, Hyperliquid, Hyperliquid (xyz), dYdX. Venues that report none are absent from this table.
| # | Coin | Venue | Open interest | Previous day | Change |
|---|---|---|---|---|---|
| 1 | BTC | Bybit | $5.27B | — | — |
| 2 | BTC | Hyperliquid | $3.18B | $3.16B | +0.8% |
| 3 | ETH | Hyperliquid | $2.16B | $2.22B | -2.5% |
| 4 | HYPE | Hyperliquid | $1.89B | $1.93B | -2.0% |
| 5 | ETH | Bybit | $1.75B | — | — |
| 6 | SOL | Bybit | $593.4M | — | — |
| 7 | SOL | Hyperliquid | $515.0M | $552.6M | -6.8% |
| 8 | ZEC | Hyperliquid | $507.2M | $568.9M | -10.8% |
| 9 | SP500 | Hyperliquid (xyz) | $374.2M | $373.5M | +0.2% |
| 10 | BRENT | Hyperliquid (xyz) | $349.3M | $210.5M | +65.9% |
4. New HIP-3 markets
1 markets are new since 2026-11-02. 4 dexes and 167 markets are listed.
| Dex | Market |
|---|---|
| io | io:AAPL |