Funding rates (hourly)

Pro

gold_funding_1h

hourly, partitioned per (coin, month)

gold_funding_1h is hourly Hyperliquid funding-rate data for every perpetual market — the current rate, an annualized view, and a month-continuous cumulative funding total. Download the full funding-rate history as Parquet or query it through the Tessera API. Funding is the carry longs and shorts pay to keep the perp tethered to spot.

Hyperliquid settles funding every hour, so this is a genuine hour-by-hour series rather than the 8-hourly snapshots most venues publish. The cumulative total stitches across month boundaries, so the carry a held position paid or earned reads straight off the column.

What you'd use it for: Funding-carry and basis strategies, measuring the cost of holding a perp, or reading crowded positioning from persistent funding.

Timing · time (1h)

`time` is the hour the funding observation applies to (UTC). funding_rate and annualized are the point-in-time rate for that hour; cum_funding is the running total through `time`. Every field is knowable at `time` — there is no forward window.

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Annualized funding · BTC · sample

Cumulative funding · BTC · sample

Data dictionary

snapshot · as of timestamp

Column	Type	What it means
`time`	timestamp[us]	The hour this funding observation applies to (UTC).
`coin`	string	Which market this row is for.
`funding_rate`	float64	The hourly funding rate. When it's positive, longs pay shorts (the crowd is long and pays for it); when negative, shorts pay longs.
`annualized`	float64	The same rate scaled to a yearly figure (× 24 × 365) so you can compare carry against other yields at a glance. How it's computed: funding_rate * 24 * 365.
`cum_funding`	float64	Running total of funding since the series began, stitched across month boundaries — the cumulative carry a held position would have paid or earned. How it's computed: Cumulative funding_rate, spliced across month boundaries.
`bootstrap_source`	string	Housekeeping flag for how the cumulative total was seeded at the month boundary. Ignore unless auditing continuity.