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Idle funds that earn while you wait

USDC you are not using for margin sits in hedged funding trades across several markets. When you open a trade, its margin comes out of this pot in the same click, and goes back when you close.

Bastion blend

8.18%

HYPE only

9.21%

The blend does not claim to beat the best single market. It is steadier and is never stuck in one coin: when HYPE funding turns, the pot is already spread across others. Rates are annualized from the last 30 days of hourly funding, after keeping 25% of capital as margin for the short, and before trading fees.

As of 2026-11-09 17:39 UTC, Hyperliquid public API.

Show as table
Day (UTC)BlendHYPE only
Oct 125.0%8.1%
Oct 136.3%6.1%
Oct 146.8%7.8%
Oct 157.9%8.2%
Oct 166.5%6.5%
Oct 177.4%6.6%
Oct 186.8%6.8%
Oct 196.1%7.4%
Oct 207.6%7.0%
Oct 217.9%7.8%
Oct 225.9%3.4%
Oct 235.6%3.7%
Oct 247.3%7.4%
Oct 254.4%2.5%
Oct 266.9%6.4%
Oct 276.9%6.6%
Oct 288.0%8.2%
Oct 297.3%6.4%
Oct 3010.5%13.9%
Oct 3120.8%37.7%
Nov 118.6%30.6%
Nov 210.7%13.7%
Nov 311.0%13.1%
Nov 48.9%9.6%
Nov 57.9%8.2%
Nov 68.9%8.6%
Nov 79.3%8.2%
Nov 87.5%8.2%
Nov 96.1%4.7%

Today's allocation

Every market with a spot pair trading over $1M a day is scored. Up to 5 make the cut, no market gets more than 60%, and anything under 5% is dropped.

Market30-day fundingHours paying shortsStabilitySpot volume 24hWeight
HYPE / HYPE12.3%93%0.70$105.9M47%
BTC / UBTC9.2%95%0.85$47.1M27%
ZEC / UZEC11.1%97%0.87$15.4M21%
ETH / UETH6.6%88%0.67$22.7M6%
NEAR / ONEAR8.2%88%0.68$1.7M-
PUMP / UPUMP7.6%88%0.68$1.9M-
SOL / USOL6.5%84%0.67$5.9M-

How a funding trade works

Each slice of idle USDC buys a coin on Hyperliquid spot and shorts the same amount on the perp. If the price rises, the spot gain offsets the short's loss, and the other way round. What is left is funding: on Hyperliquid, when the perp trades above the oracle, longs pay shorts every hour.

The short runs at 3x, so 75% of capital is hedged and the rest is margin that keeps the short safe through a large move. Guardian watches these shorts like any other position.

How markets are picked

Each candidate gets a score: its 30-day average funding, times a stability factor (the share of hours that paid shorts, discounted for volatile funding), times a liquidity factor from spot volume. Scores are squared so the engine leans into the best payer, then capped at 60% per market. The allocation is recomputed hourly and rotated when it drifts.

What it costs and what can go wrong

  • Opening and closing a hedge pays Hyperliquid trading fees on both legs. Rotation is limited so fees do not eat the yield.
  • Funding can turn negative. Then the short pays, and the engine moves away from that market at the next rotation.
  • Bridged spot assets such as UBTC, UETH and USOL depend on their bridge. A depeg would break the hedge.
  • Past funding is not a forecast. The rate shown is a trailing average, not a promise.

More on the risks page.

Idle USDCSpot longe.g. HYPE, UBTC, UETHPerp shortsame size, same coin+Price moves cancel out. Shorts collect funding each hourwhile longs pay it, rotated across markets by 30-day record.

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