Hyperliquid Perps on Kalshi: Funding, Leverage and Liquidation Price
Live from Kalshi's public data: what a HYPE perp costs to hold, how much leverage you get, and where a position gets liquidated. Trades 24/7.
Hyperliquid funding since launch
| Funding time (ET) | Rate | Who paid | On $10,000 long |
|---|---|---|---|
| Sep 25, 4 PM | 0.0000% | Nobody | $0.00 |
| Sep 25, 8 AM | +0.0115% | Longs → shorts | −$1.15 |
| Sep 25, 12 AM | +0.0171% | Longs → shorts | −$1.71 |
| Sep 24, 4 PM | +0.0114% | Longs → shorts | −$1.14 |
| Sep 24, 8 AM | 0.0000% | Nobody | $0.00 |
| Sep 24, 12 AM | +0.0163% | Longs → shorts | −$1.63 |
| Sep 23, 4 PM | 0.0000% | Nobody | $0.00 |
| Sep 23, 8 AM | 0.0000% | Nobody | $0.00 |
| Sep 23, 12 AM | +0.0113% | Longs → shorts | −$1.13 |
| Sep 22, 4 PM | +0.0129% | Longs → shorts | −$1.29 |
| Sep 22, 8 AM | +0.0146% | Longs → shorts | −$1.46 |
| Sep 22, 12 AM | +0.0223% | Longs → shorts | −$2.23 |
| Sep 21, 4 PM | 0.0000% | Nobody | $0.00 |
| Sep 21, 8 AM | 0.0000% | Nobody | $0.00 |
| Sep 21, 12 AM | 0.0000% | Nobody | $0.00 |
| Sep 20, 4 PM | 0.0000% | Nobody | $0.00 |
| Sep 20, 8 AM | 0.0000% | Nobody | $0.00 |
| Sep 20, 12 AM | 0.0000% | Nobody | $0.00 |
| Sep 19, 4 PM | 0.0000% | Nobody | $0.00 |
| Sep 19, 8 AM | 0.0000% | Nobody | $0.00 |
| Sep 19, 12 AM | 0.0000% | Nobody | $0.00 |
Where a HYPE position gets liquidated
Entry at $91.83, $1,000 of margin. The quick rule is 100 ÷ leverage; the estimate includes Kalshi's maintenance margin (opening margin ÷ 1.3). Kalshi's app shows your exact figure once a position is open.
| Leverage | Quick rule | Long liquidates at | Short liquidates at |
|---|---|---|---|
| 2x | 50% | $67.48 (26.5%) | $102.72 (11.9%) |
Run your own HYPE position
The quick rule (100 ÷ leverage) says 42%. Kalshi's maintenance margin eats part of that cushion, so the real distance is closer to 14.3%. Estimate from Kalshi's published risk parameters; the app shows your exact number once the position is open.
Kalshi doesn't list a monthly Hyperliquid ladder to hedge against yet. BTC, ETH, SOL, XRP, DOGE, gold and silver have one.
Live from Kalshi's public perps API, Sep 25, 2026, 9:30 PM ET. Funding uses the HYPE 30-day average per 8-hour window (+0.0024%); a single print can run to Kalshi's ±2% cap. Liquidation ignores fees and funding already paid, which pull it closer. See every print on the Hyperliquid perps page.
What to know about Hyperliquid perps
Hyperliquid funds three times a day like every Kalshi crypto perp. Smaller coins get less leverage than Bitcoin and Ethereum, and on most of them shorts have paid longs more often than the other way around.
Reference price: CF Benchmarks real-time index (Kalshi help center, BTC contract specs).
Frequently Asked Questions
What is the funding rate on Kalshi Hyperliquid perps?
Hyperliquid funds three times a day, at 12 a.m., 8 a.m. and 4 p.m. ET. Since launch the average has worked out to 1.5% a year paid by longs, and 79% of the 328 prints paid nothing because Kalshi rounds rates under 0.01% to zero. The most recent print was 0.0000%.
How much leverage can I use on Kalshi Hyperliquid perps?
At a $1,000 position Kalshi allowed about 2.4x long and 2.3x short when this page last refreshed. Bigger positions get less.
What are the fees on Kalshi Hyperliquid perps?
Kalshi charges perps fees on the full notional value of the position (margin × leverage), once to open and once to close. At the entry tier that is 0.120% for a taker fill and 0.020% for a resting maker fill; rates step down as your 30-day volume grows, and Kalshi counts your prediction-market volume toward that tier, not just perps.
Can I hedge a Hyperliquid perp with a Kalshi event contract?
Not directly yet. Kalshi doesn’t list a monthly Hyperliquid ladder to hedge against. Bitcoin, Ethereum, Solana, XRP, Dogecoin, gold and silver have one.
Perps carry leverage and can lose your entire margin quickly. Numbers are read from Kalshi's public API and our own math; PredictionMarketsPicks is independent of Kalshi. Trade responsibly.
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