Rates are not returns.
HyperCarry calculates what remains after funding, fees, slippage, financing, holding time, and locked margin.
Construct carry positions using live Hyperliquid state and formulas anyone can independently verify.
Hyperliquid publishes it
Funding, marks, oracle prices, open interest, order books, borrow and supply rates, and the fee schedule are all public protocol state.
A quoted rate is not a realized return.
A quoted rate describes one leg of one hour. It says nothing about entry cost, exit cost, locked margin, or how long you intend to hold.
See what survives after every cost.
Every cost is applied to a real position size against real book depth, and the formula behind each output is open for inspection.
Rate sheet
Live Hyperliquid perpetual funding with trailing context. Every figure is read from the public info API; nothing here is simulated.
Hyperliquid publishes the rate. HyperCarry calculates the position.
Carry Confidence
Every figure is labelled by how it was produced. The classification describes the quality of the calculation — not the quality of the trade, and never a recommendation.
- Indicative
- Derived primarily from the latest floating funding rate. It can change with the next hourly payment and is not a projection of what a position would earn.
- Modeled
- Derived from trailing funding history, the live fee schedule, current order-book depth, your holding period, and the margin the short leg requires.
- Observed
- Reserved for completed funding payments and realised costs from a position that actually existed. HyperCarry does not produce Observed results in this release.
Borrow and lend
Hyperliquid's reserve states — a separate source of carry, with its own rates, utilisation, and collateral rules.
Make every source of carry on Hyperliquid measurable, comparable, and monitorable.
Every HyperCarry output comes from public Hyperliquid state through formulas anyone can verify.