Jul 2, 2026

Hyperliquid funding extremes — 2026-07-02

longs bleeding. shorts collecting. $ENA +195.1% apr (oi $27.4m). $SPX +160.5% apr (oi $5.3m). $ZRO +111.8% apr (oi $24.1m). $BTC +11.0% apr (oi $2.14b). $ETH +11.0% apr (oi $1.21b). shorts paying. $DYDX -72.3% apr (oi $5.7m). $MORPHO -41.2% apr (oi $5.2m). $TRX -39.7% apr (oi $

longs bleeding. shorts collecting.

$ENA +195.1% apr (oi $27.4m). $SPX +160.5% apr (oi $5.3m). $ZRO +111.8% apr (oi $24.1m). $BTC +11.0% apr (oi $2.14b). $ETH +11.0% apr (oi $1.21b).

shorts paying. $DYDX -72.3% apr (oi $5.7m). $MORPHO -41.2% apr (oi $5.2m). $TRX -39.7% apr (oi $15.1m). $TRUMP -8.6% apr (oi $12.5m). $PAXG +1.1% apr (oi $21.1m).

cleanest carry right now is short $ENA perp, collect 195% apr. risk: a sudden spot rally that flips funding negative before you can close. the apr is high because the market is crowded one way. when it turns, it turns fast.

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#Hyperliquid #PerpFunding #FundingArb $HYPE

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Originally published on FalsifyLab Substack.