Live on Arc mainnet · settled in USDC

Perp funding is a fee that changes every hour. Fix it for a week.

Anyone holding a Hyperliquid perp pays or earns funding, a fee that resets every hour and can double or vanish in days. Funding Swap lets you swap that moving fee for one fixed rate on HYPE, SOL, DOGE or BTC for 1 to 30 days. The other side is a trader who thinks the fee will move your way. Both deposit USDC on Arc; the contract pays the difference to whoever was right.

Hedge my perpPredict funding
The idea in four pictures

Like switching a power bill from variable to fixed

Example: a 10,000 USDC short HYPE perp, held for 7 days, swapped at a fixed 10% APR.

Your short HYPE perp 10,000 USDC avg ? funding, paid hourly
1You earn a fee, but you don't know how much.Funding resets every hour. Over a week it can double or vanish.
a busy week 15% → 28.77 USDC a quiet week 5% → 9.59 USDC
2Your week pays 9.59 or 28.77. Nobody knows which.Without the swap, 10,000 USDC short for 7 days earns whatever funding happens to be.
You Them actual funding fixed 10% APR = 19.18 USDC Contract on Arc 15 USDC 15 USDC
3You hand over the moving fee and receive a fixed one.Both sides deposit 15 USDC. The contract holds them until the week ends.
your fixed 10% avg 5% swap pays +9.59 perp earns 9.59 total 19.18 avg 15% you pay 9.59 perp earns 28.77 total 19.18 avg funding this week →
4Either way your week pays 19.18 USDC. The other side keeps the swing.The contract pays the difference to whoever was right, up to the deposit.
Right now

How much HYPE funding has moved

Read from the funding index on Arc. Every value can be recomputed from Hyperliquid's public data.

Yesterday's HYPE funding
–
per day
7‑day average
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annualised
Recorded on‑chain since Arc launch
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days of verifiable funding data
Market

Hyperliquid HYPE‑PERP funding, read from the chain

Each bar is one UTC day of funding, computed from the on‑chain index. Bars above zero mean longs paid shorts. Hover a bar for the exact value.

Longs paid shortsShorts paid longsAverage
Loading on‑chain data…
Start

Which one are you?

Both use the same contract. One side fixes the fee, the other takes the swing.

🔒I hold a perp and want a predictable feeLock in the funding your short earns, or cap what your long pays, for 1 to 30 days.Hedge → 📈I have an opinion on where funding goesWin if funding averages above or below a rate you pick. No price exposure, the most you can lose is your deposit.Predict →
Rules you can check Oracle · Sourcify Swap · Sourcify No admin, no upgrades, no fees. More →