Glossary
Funding is the periodic payment between longs and shorts that keeps a perpetual's price near its index.
In short
A perpetual future has no expiry, so funding payments tether it to the underlying index: when the perp trades above the index, longs pay shorts, and when it trades below, shorts pay longs. On Hyperliquid funding accrues frequently and settles against your margin.
Funding is a real, recurring cost or income on any held position. A leader who holds crowded longs through a high-funding regime pays for the privilege, and so does every mirrored account.
Because mirrored positions can be entered slightly later than the leader's, your accrued funding will not match theirs exactly — one more contributor to tracking error.
Questions
Yes, for low-volatility positions held through sustained high funding.
Yes — collecting funding is itself a strategy regime, with its own tail risks.
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
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