Odel
Hyperliquid Funding Rates API

Hyperliquid Funding Rates API

@br0ski777Developer ToolsTypeScriptUpdated 1mo ago

HL perp funding rates for 229 markets. Sort, history, arb opportunities. x402.

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Server endpointSSE
https://hl-funding.api.klymax402.com/mcp

This is the third-party server itself — Odel doesn't run it. Hitting this URL directly talks straight to the upstream server with no auth or proxying. Connect through Odel to front it with managed auth.

Hyperliquid Funding Rates API

Real-time and historical funding rate data for all 229 Hyperliquid perpetual markets. Sort by rate, pull history, and find arbitrage opportunities -- all via a single x402-powered API.

What It Does / Endpoints

EndpointMethodPriceDescription
/api/ratesPOST$0.002Current funding rates for all 229 perp markets, sorted by rate
/api/historyPOST$0.002Historical funding rate data for a specific coin
/api/arbPOST$0.003Find funding rate arbitrage opportunities (extreme rates)

Example Request/Response

GET /

{
  "api": "Hyperliquid Funding Rates API",
  "status": "online",
  "protocol": "x402",
  "network": "base-mainnet"
}

POST /api/rates

Request:

{ "sort": "abs" }

Response:

{
  "totalMarkets": 229,
  "sort": "abs",
  "timestamp": "2026-04-13T12:00:00.000Z",
  "rates": [
    {
      "coin": "PEPE",
      "fundingRate": 0.0005,
      "annualizedRate": 54.75,
      "premium": 0.001,
      "openInterest": 85000000,
      "markPrice": 0.0000125
    },
    {
      "coin": "BTC",
      "fundingRate": 0.000125,
      "annualizedRate": 13.69,
      "premium": 0.0002,
      "openInterest": 1250000000,
      "markPrice": 68500.5
    }
  ]
}

POST /api/history

Request:

{ "coin": "ETH", "hours": 24 }

Response:

{
  "coin": "ETH",
  "hours": 24,
  "timestamp": "2026-04-13T12:00:00.000Z",
  "entries": [
    { "time": "2026-04-13T08:00:00.000Z", "fundingRate": 0.0001, "annualizedRate": 10.95 },
    { "time": "2026-04-13T00:00:00.000Z", "fundingRate": 0.00012, "annualizedRate": 13.14 },
    { "time": "2026-04-12T16:00:00.000Z", "fundingRate": 0.00008, "annualizedRate": 8.76 }
  ],
  "summary": {
    "count": 3,
    "avgRate": 0.0001,
    "avgAnnualized": 10.95,
    "minRate": 0.00008,
    "maxRate": 0.00012,
    "stdDev": 0.00001633
  }
}

POST /api/arb

Request:

{ "threshold": 0.0001 }

Response:

{
  "threshold": 0.0001,
  "totalOpportunities": 12,
  "longOpportunities": 5,
  "shortOpportunities": 7,
  "timestamp": "2026-04-13T12:00:00.000Z",
  "opportunities": [
    {
      "coin": "PEPE",
      "fundingRate": 0.0005,
      "annualizedRate": 54.75,
      "direction": "short opportunity",
      "openInterest": 85000000,
      "markPrice": 0.0000125,
      "premium": 0.001
    }
  ]
}

Use Cases

  • Carry Trade Analysis -- Find coins where you earn funding by taking the opposite side of crowded trades
  • Market Sentiment -- High positive funding = market is overly long; high negative = overly short
  • Delta-Neutral Strategies -- Combine spot + perp positions to harvest funding without directional risk
  • Backtesting -- Use historical funding data to validate funding-based trading strategies
  • Cross-Exchange Arb -- Compare Hyperliquid funding with CEX rates to find cross-venue opportunities

MCP Integration

Claude Desktop / Cursor

{
  "mcpServers": {
    "hl-funding": {
      "url": "https://PLACEHOLDER.up.railway.app/sse"
    }
  }
}

Smithery

smithery mcp install axel-belfort/hl-funding

Payment

All endpoints are gated by x402 protocol. Agents pay automatically with USDC on Base L2 -- no API keys, no accounts, no subscriptions. Just send a request and the payment is settled in under 2 seconds.

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