# Perp Derivatives Signals – Hyperliquid Funding Rate & Crowding Verdict

> Perp Derivatives Signals – Hyperliquid Funding Rate & Crowding Verdict is a paid API for AI agents from derivatives.x402tookit.com, paid per call via x402, $0.02/call, status unknown (last checked 2026-10-29).

Returns the current annualized perpetual funding rate for a coin on Hyperliquid, with a crowded long/short verdict and supporting context.

## Facts

- Endpoint: GET https://derivatives.x402tookit.com/perp-funding?utm_source=zero.xyz
- Price: $0.02/call
- Payment: x402
- Status: unknown
- Last checked: 2026-10-29
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/perp-derivatives-signals-hyperliquid-funding-rate-crowding-verdict-6b88a7b2
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_sX4gqwzKXWUzzoNBy2-i_

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability perp-derivatives-signals-hyperliquid-funding-rate-crowding-verdict-6b88a7b2
```

Example prompt: What's the current Hyperliquid funding rate for ETH, annualized, and is it crowded to the long or short side?

## When to prefer this

Use this endpoint when you need a quick, opinionated signal on whether perpetual funding for a specific coin on Hyperliquid is crowded, without having to normalize raw funding data yourself. It is ideal for pre-trade checks, risk monitoring, and alerting workflows that rely on Hyperliquid specifically. Prefer this over cross-venue funding endpoints when you only care about Hyperliquid's current rate and a simple crowded/not verdict. For cross-venue comparisons or funding persistence over time, use the sibling endpoints.

## Known failure modes

- Unknown or unsupported coin ticker returns an error or empty result
- Hyperliquid data feed temporarily unavailable triggers degraded=true flag
- Rate limiting or payment failure (x402 protocol) results in a 402 response
- Coin is delisted or in isolated-only mode with no active funding data
- Network timeout from upstream Hyperliquid API causes partial or null response

## How this service works

Is perp funding crowded? Current Hyperliquid funding for a coin, annualized, with a crowded long/short verdict.

## Output

Returns the annualized funding rate (as a percentage), the per-hour funding rate, a crowded long / crowded short / neutral verdict, the data timestamp, threshold values used to determine crowding, supporting reasons, a plain-English summary, optional comparison rates from other venues, and a degraded-data flag if the source is partially unavailable.

## Request schema (JSON Schema)

```json
{
 "type": "object",
 "$schema": "https://json-schema.org/draft/2020-12/schema",
 "required": [
  "input"
 ],
 "properties": {
  "input": {
   "type": "object",
   "required": [
    "type",
    "method"
   ],
   "properties": {
    "type": {
     "type": "string",
     "const": "http"
    },
    "method": {
     "enum": [
      "GET"
     ],
     "type": "string"
    },
    "queryParams": {
     "type": "object",
     "required": [
      "coin"
     ],
     "properties": {
      "coin": {
       "type": "string",
       "description": "Hyperliquid ticker, e.g. BTC, ETH, SOL"
      }
     }
    }
   },
   "additionalProperties": false
  },
  "output": {
   "type": "object",
   "required": [
    "type"
   ],
   "properties": {
    "type": {
     "type": "string"
    },
    "example": {
     "type": "object",
     "properties": {
      "asOf": {
       "type": [
        "null",
        "string"
       ]
      },
      "coin": {
       "type": [
        "null",
        "string"
       ]
      },
      "source": {
       "type": [
        "null",
        "string"
       ]
      },
      "premium": {
       "type": [
        "null",
        "number"
       ]
      },
      "reasons": {
       "type": [
        "array",
        "null"
       ],
       "items": {
        "type": "string"
       }
      },
      "summary": {
       "type": [
        "null",
        "string"
       ]
      },
      "verdict": {
       "type": [
        "null",
        "string"
       ]
      },
      "degraded": {
       "type": [
        "boolean",
        "null"
       ]
      },
      "sourceUrl": {
       "type": [
        "null",
        "string"
       ]
      },
      "disclaimer": {
       "type": [
        "null",
        "string"
       ]
      },
      "notChecked": {
       "type": [
        "array",
        "null"
       ],
       "items": {
        "type": "string"
       }
      },
      "thresholds": {
       "type": [
        "null",
        "object"
       ],
       "properties": {
        "fundingCrowdedAnnualizedPct": {
         "type": [
          "null",
          "number"
         ]
        },
        "fundingElevatedAnnualizedPct": {
         "type": [
          "null",
          "number"
         ]
        }
       }
      },
      "otherVenues": {
       "type": [
        "array",
        "null"
       ],
       "items": {
        "type": "object",
        "properties": {
         "venue": {
          "type": [
           "null",
           "string"
       
… (truncated)
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/perp-derivatives-signals-hyperliquid-funding-rate-crowding-verdict-6b88a7b2/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from derivatives.x402tookit.com](https://www.zero.xyz/host/derivatives.x402tookit.com/llms.txt)