Funding Rates › Briefing › Week 2026-W43
Perp Funding Briefing — Week 2026-W43 (UTC)
3 daily briefings from 2026-10-19 to 2026-10-25; 2 passed the publication threshold of 12 on their own. The compared days add up to a material-change score of 44.
Days below the threshold are not published as their own pages; they are listed here. Method.
Days in this week
| Day (UTC) | Score | Page | Summary |
|---|---|---|---|
| 2026-10-23 | — | In this week page only | The widest liquid gap to the cross-venue median was edgeX on EWY: -0.0736% per 8h against a median of 0.0132% (-8.68 bps). There is no previous day's digest stored, so movers, open-interest changes and new HIP-3 markets are not compared. The largest reported open interest was BTC on Hyperliquid, $3.58B. |
| 2026-10-24 | 23 | Own page | The widest liquid gap to the cross-venue median was Lighter on GRAM: -0.1816% per 8h against a median of -0.0054% (-17.62 bps). 120 liquid venue rates moved by 3 bps or more per 8h since 2026-10-23; the largest was Bybit on ALT, -1.3514% to 0.0100% (+136.14 bps). No new HIP-3 markets since 2026-10-23; 4 dexes and 164 markets are listed. The largest reported open interest was BTC on Bybit, $5.04B. |
| 2026-10-25 | 21 | Own page | The widest liquid gap to the cross-venue median was Aster on CASHCAT: 0.2734% per 8h against a median of 0.0190% (+25.43 bps). 76 liquid venue rates moved by 3 bps or more per 8h since 2026-10-24; the largest was Hyperliquid on ALT, -1.9379% to -0.3014% (+163.65 bps). No new HIP-3 markets since 2026-10-24; 4 dexes and 164 markets are listed. The largest reported open interest was BTC on Hyperliquid, $3.45B. |
2026-10-23
The widest liquid gap to the cross-venue median was edgeX on EWY: -0.0736% per 8h against a median of 0.0132% (-8.68 bps). There is no previous day's digest stored, so movers, open-interest changes and new HIP-3 markets are not compared. The largest reported open interest was BTC on Hyperliquid, $3.58B.
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). 647 legs were ranked.
| # | Coin | Venue | Venue 8h | Median 8h | Deviation | Venues |
|---|---|---|---|---|---|---|
| 1 | EWY | edgeX | -0.0736% | 0.0132% | -8.68 bps | 6 |
| 2 | CRCL | edgeX | 0.0895% | 0.0224% | +6.72 bps | 6 |
| 3 | CHIP | OKX | -0.0552% | 0.0067% | -6.19 bps | 6 |
| 4 | BERA | Bybit | -0.0648% | -0.0032% | -6.17 bps | 6 |
| 5 | MET | Lighter | -0.0536% | -0.0000% | -5.36 bps | 7 |
| 6 | WLFI | Hyperliquid | -0.0391% | 0.0098% | -4.89 bps | 6 |
| 7 | PENDLE | Bybit | -0.0388% | 0.0100% | -4.88 bps | 7 |
| 8 | WIF | Bybit | -0.0402% | 0.0070% | -4.73 bps | 6 |
| 9 | LINEA | OKX | -0.0289% | 0.0098% | -3.87 bps | 6 |
| 10 | CASHCAT | edgeX | 0.0453% | 0.0100% | +3.53 bps | 6 |
2. Movers
Largest change in 8h funding per liquid coin and venue against the previous UTC day's stored digest.
No previous day's digest was stored, so there is nothing to compare yet.
3. Open interest leaders
Only venues that report open interest are ranked: Hyperliquid, Hyperliquid (mkts), Hyperliquid (xyz), dYdX. Venues that report none are absent from this table.
| # | Coin | Venue | Open interest | Previous day | Change |
|---|---|---|---|---|---|
| 1 | BTC | Hyperliquid | $3.58B | — | — |
| 2 | ETH | Hyperliquid | $2.62B | — | — |
| 3 | HYPE | Hyperliquid | $1.63B | — | — |
| 4 | SOL | Hyperliquid | $572.6M | — | — |
| 5 | ZEC | Hyperliquid | $546.9M | — | — |
| 6 | SP500 | Hyperliquid (xyz) | $384.9M | — | — |
| 7 | GOLD | Hyperliquid (xyz) | $343.3M | — | — |
| 8 | NEAR | Hyperliquid | $327.2M | — | — |
| 9 | SKHX | Hyperliquid (xyz) | $326.0M | — | — |
| 10 | NASDAQ100 | Hyperliquid (xyz) | $294.6M | — | — |
4. New HIP-3 markets
No previous HIP-3 set was stored, so new markets are not compared. 4 dexes and 164 markets are listed.
2026-10-24
The widest liquid gap to the cross-venue median was Lighter on GRAM: -0.1816% per 8h against a median of -0.0054% (-17.62 bps). 120 liquid venue rates moved by 3 bps or more per 8h since 2026-10-23; the largest was Bybit on ALT, -1.3514% to 0.0100% (+136.14 bps). No new HIP-3 markets since 2026-10-23; 4 dexes and 164 markets are listed. The largest reported open interest was BTC on Bybit, $5.04B.
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). 826 legs were ranked.
| # | Coin | Venue | Venue 8h | Median 8h | Deviation | Venues |
|---|---|---|---|---|---|---|
| 1 | GRAM | Lighter | -0.1816% | -0.0054% | -17.62 bps | 8 |
| 2 | GRAM | Hyperliquid | -0.1429% | -0.0054% | -13.75 bps | 8 |
| 3 | CASHCAT | Aster | 0.1547% | 0.0226% | +13.21 bps | 6 |
| 4 | ZHIPU | Hyperliquid (xyz) | 0.1320% | 0.0208% | +11.12 bps | 5 |
| 5 | AAOI | Hyperliquid (xyz) | 0.1012% | 0.0000% | +10.12 bps | 6 |
| 6 | CASHCAT | Lighter | 0.1224% | 0.0226% | +9.98 bps | 6 |
| 7 | MRVL | edgeX | -0.0990% | 0.0000% | -9.90 bps | 6 |
| 8 | WDC | Hyperliquid (xyz) | 0.0968% | 0.0016% | +9.52 bps | 6 |
| 9 | UNITREE | edgeX | 0.1011% | 0.0089% | +9.22 bps | 6 |
| 10 | WLFI | Aster | 0.0989% | 0.0098% | +8.91 bps | 6 |
2. Movers
Largest change in 8h funding per liquid coin and venue against the previous UTC day's stored digest. 915 legs compared; 120 moved by 3 bps or more.
| Coin | Venue | 8h on 2026-10-23 | 8h now | Change |
|---|---|---|---|---|
| ALT | Bybit | -1.3514% | 0.0100% | +136.14 bps |
| UNITREE | edgeX | -1.2384% | 0.1011% | +133.95 bps |
| UNITREE | OKX | -0.8567% | 0.0000% | +85.67 bps |
| ALT | Hyperliquid | -1.2091% | -1.9379% | -72.88 bps |
| SMSN | Hyperliquid (xyz) | -0.0553% | 0.1839% | +23.92 bps |
| UNITREE | Aster | -0.2034% | 0.0219% | +22.53 bps |
| SHAZ | Hyperliquid (xyz) | 0.0930% | 0.2912% | +19.82 bps |
| GRAM | Lighter | 0.0096% | -0.1816% | -19.12 bps |
| EWZ | Hyperliquid (xyz) | 0.0597% | 0.2503% | +19.05 bps |
| CXMT | Hyperliquid (xyz) | -0.1309% | 0.0387% | +16.96 bps |
3. Open interest leaders
Only venues that report open interest are ranked: Bybit, Hyperliquid, Hyperliquid (mkts), Hyperliquid (xyz), dYdX. Venues that report none are absent from this table.
| # | Coin | Venue | Open interest | Previous day | Change |
|---|---|---|---|---|---|
| 1 | BTC | Bybit | $5.04B | — | — |
| 2 | BTC | Hyperliquid | $3.61B | $3.58B | +0.9% |
| 3 | ETH | Hyperliquid | $2.57B | $2.62B | -1.8% |
| 4 | ETH | Bybit | $1.88B | — | — |
| 5 | HYPE | Hyperliquid | $1.62B | $1.63B | -0.9% |
| 6 | SOL | Bybit | $616.2M | — | — |
| 7 | SOL | Hyperliquid | $554.2M | $572.6M | -3.2% |
| 8 | ZEC | Hyperliquid | $534.1M | $546.9M | -2.3% |
| 9 | NEAR | Hyperliquid | $320.1M | $327.2M | -2.2% |
| 10 | SKHX | Hyperliquid (xyz) | $312.0M | $326.0M | -4.3% |
4. New HIP-3 markets
No market was added since 2026-10-23. 4 dexes and 164 markets are listed.
2026-10-25
The widest liquid gap to the cross-venue median was Aster on CASHCAT: 0.2734% per 8h against a median of 0.0190% (+25.43 bps). 76 liquid venue rates moved by 3 bps or more per 8h since 2026-10-24; the largest was Hyperliquid on ALT, -1.9379% to -0.3014% (+163.65 bps). No new HIP-3 markets since 2026-10-24; 4 dexes and 164 markets are listed. The largest reported open interest was BTC on Hyperliquid, $3.45B.
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). 611 legs were ranked.
| # | Coin | Venue | Venue 8h | Median 8h | Deviation | Venues |
|---|---|---|---|---|---|---|
| 1 | CASHCAT | Aster | 0.2734% | 0.0190% | +25.43 bps | 6 |
| 2 | AERO | Hyperliquid | -0.0491% | 0.0046% | -5.37 bps | 7 |
| 3 | CHIP | OKX | -0.0446% | 0.0032% | -4.77 bps | 6 |
| 4 | FIL | Lighter | -0.0376% | 0.0100% | -4.76 bps | 7 |
| 5 | GRAM | Bybit | -0.0671% | -0.0241% | -4.29 bps | 8 |
| 6 | JTO | Lighter | -0.0272% | 0.0100% | -3.72 bps | 7 |
| 7 | CASHCAT | Lighter | 0.0560% | 0.0190% | +3.70 bps | 6 |
| 8 | BERA | Lighter | 0.0096% | -0.0252% | +3.48 bps | 6 |
| 9 | OP | Hyperliquid | -0.0337% | -0.0010% | -3.28 bps | 7 |
| 10 | ATOM | Hyperliquid | -0.0463% | -0.0139% | -3.24 bps | 6 |
2. Movers
Largest change in 8h funding per liquid coin and venue against the previous UTC day's stored digest. 696 legs compared; 76 moved by 3 bps or more.
| Coin | Venue | 8h on 2026-10-24 | 8h now | Change |
|---|---|---|---|---|
| ALT | Hyperliquid | -1.9379% | -0.3014% | +163.65 bps |
| SOFTBANK | Hyperliquid (xyz) | 0.1459% | -0.1642% | -31.00 bps |
| PURRDAT | Hyperliquid (xyz) | 0.0854% | 0.3874% | +30.21 bps |
| SHAZ | Hyperliquid (xyz) | 0.2912% | -0.0048% | -29.60 bps |
| EWZ | Hyperliquid (xyz) | 0.2503% | 0.0244% | -22.59 bps |
| SMSN | Hyperliquid (xyz) | 0.1839% | -0.0026% | -18.65 bps |
| GRAM | Lighter | -0.1816% | 0.0016% | +18.32 bps |
| SKHX | Hyperliquid (xyz) | 0.1274% | -0.0207% | -14.81 bps |
| ZHIPU | Hyperliquid (xyz) | 0.1320% | -0.0040% | -13.59 bps |
| CASHCAT | Aster | 0.1547% | 0.2734% | +11.87 bps |
3. Open interest leaders
Only venues that report open interest are ranked: Hyperliquid, Hyperliquid (mkts), Hyperliquid (xyz), dYdX. Venues that report none are absent from this table.
| # | Coin | Venue | Open interest | Previous day | Change |
|---|---|---|---|---|---|
| 1 | BTC | Hyperliquid | $3.45B | $3.61B | -4.5% |
| 2 | ETH | Hyperliquid | $2.61B | $2.57B | +1.6% |
| 3 | HYPE | Hyperliquid | $1.62B | $1.62B | +0.5% |
| 4 | SOL | Hyperliquid | $564.4M | $554.2M | +1.9% |
| 5 | ZEC | Hyperliquid | $552.4M | $534.1M | +3.4% |
| 6 | SKHX | Hyperliquid (xyz) | $308.1M | $312.0M | -1.2% |
| 7 | NEAR | Hyperliquid | $277.6M | $320.1M | -13.3% |
| 8 | XRP | Hyperliquid | $220.8M | $225.2M | -1.9% |
| 9 | MU | Hyperliquid (xyz) | $158.2M | $152.6M | +3.7% |
| 10 | SPCX | Hyperliquid (xyz) | $150.2M | $151.9M | -1.1% |
4. New HIP-3 markets
No market was added since 2026-10-24. 4 dexes and 164 markets are listed.