TERMINAL
Lock a rate.
MARKET
SIDE
You pay a fixed rate and receive the funding Hyperliquid charges. This is the hedge for a perp position you intend to hold.
NOTIONAL (USDC)
TERM
Settles 2026-09-26 08:00 UTC — 30d 14h from now. Expiries sit on a daily grid.
MARGIN — 150% OF INITIAL
More margin buys distance from maintenance. Margin can be added or pulled at any time while the position stays above initial.
SLIPPAGE — 50 BPS
YOU PAY
+17.67%
fixed, annualised
MID
+16.56%
before the half-spread
MARGIN
$82,597
initial $55,064
OPEN FEE
$367.10
charged once, at open
You will pay +17.67% annualised on $250,000 for 30d 14h, and receive whatever Hyperliquid charges over the same window. Against a perp of the same size, that is a carry of roughly $3,702 for the whole term, known now.
No deployment is wired into this build, so the ticket cannot be submitted. Every number above comes from the same formulas the contracts use.
Hover the curve for the two sides at each tenor
While it runs
The position marks against the curve for the time it has left. Add margin to move away from maintenance, or pull margin as the term decays.
If you leave early
Unwinding is opening the opposite trade over the stub that remains, priced at whatever the curve says then. No lockup, no exit penalty.
At expiry
Settles against the funding index frozen at 2026-09-26 08:00 UTC. Anyone can settle it after an hour of grace, for a small bounty.