TRADE THE RATE.NOT THE DIRECTION.
A market for funding rates.
Long or short BTC and ETH funding.
Funding markets
Perpetual futures pay funding every hour. That rate moves with leverage and demand, whichever way price goes. Basis Markets turns Hyperliquid funding into something you can hold a view on: BTC and ETH today, SOL and HYPE coming soon. Rates below are live from Hyperliquid.
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Long or short
Long funding
Pay a fixed APR and receive funding until maturity. You gain if funding averages above your fixed rate.
Short funding
Receive a fixed APR and pay funding until maturity. You gain if funding averages below your fixed rate.
Funding rate spreads Coming soon
Trading one asset's funding against another is not available yet. Live spreads between Hyperliquid perps:
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Fixed vs floating
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How it works
Deposit margin
Post USDC on Base.
Pick a rate
Go long or short BTC or ETH funding. The order fills at the next published hour and matures in 30 to 31 days.
Manage the position
Watch PnL and health as Hyperliquid funding moves. Close early, or hold to maturity and settle.