Jul 9, 2026

Hyperliquid funding extremes — 2026-07-09

top 5 paying longs (shorts collect): $BTC +11.0% apr (oi $2.37B) $ETH +11.0% apr (oi $1.39B) $SOL +11.0% apr (oi $414M) $BNB +11.0% apr (oi $24.4M) $LTC +11.0% apr (oi $12.2M) top 5 paying shorts (longs collect): $JTO -82.5% apr (oi $10.3M) $VIRTUAL -42.4% apr (oi $5.6M) $TRX

top 5 paying longs (shorts collect):

$BTC +11.0% apr (oi $2.37B) $ETH +11.0% apr (oi $1.39B) $SOL +11.0% apr (oi $414M) $BNB +11.0% apr (oi $24.4M) $LTC +11.0% apr (oi $12.2M)

top 5 paying shorts (longs collect):

$JTO -82.5% apr (oi $10.3M) $VIRTUAL -42.4% apr (oi $5.6M) $TRX -17.7% apr (oi $16.1M) $CRV -16.0% apr (oi $5.6M) $ONDO -12.1% apr (oi $7.4M)

the cleanest carry trade right now is shorting $JTO perp at -82.5% apr while holding spot. the risk that kills it: a sudden spike in borrow demand on spot markets that compresses the spread before you can unwind.

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— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.


Originally published on FalsifyLab Substack.