Lock your Hyperliquid funding
into a fixed coupon.
Hyperpetua turns the bumpy hourly funding that delta-neutral vaults earn on Hyperliquid into a steady fixed coupon — and lets traders take the variable side. A pooled vault is the standing counterparty, so a swap opens instantly. Fixed-for-floating funding swaps, settled on-chain.
HYPE funding market
Lock the funding yield on your HYPE delta-neutral / dnHYPE exposure.
HYPE funding · last 30 days
hourly · annualizedSettlement uses Hyperliquid's own published funding (fundingHistory) — the same series shown here, verifiable by anyone. That is exactly what a Hyperpetua swap settles against.
How it works
Post a buffer, pick a side
You post a USDC buffer and choose a side; the pooled vault instantly takes the other. The notional is reference-only — never deposited — and your max P&L is exactly your buffer.
Lock the coupon
The vault quotes a fixed coupon (mid ± spread) from live HYPE funding. Long-funding pays it and takes the floating; the fixed side receives it — turning variable funding into a flat rate.
Settle on public funding
At maturity a keeper settles on Hyperliquid's own published funding — recomputable by anyone — and each side claims its net, bounded by the buffer.
Try it now, or get early access
The full flow is live on HyperEVM testnet with faucet USDC — no real value. If you run a delta-neutral vault and want a fixed coupon at size on mainnet, request access.