Weekly funding and open interest update, plus a monthly structural report.
A weekly read on the two numbers that matter most to anyone holding a perp, and a monthly report on how the market is structured. The monthly report is published only at month end or on the first of the following month.
The weekly funding and open-interest read for the week of October 5 - 11, 2026: a flat funding clock through a $546.89m long flush, record Hyperliquid positions on thinning books, ETF flows as a spot-funding proxy that turned, and a collateral base that contracted.
Read the issueThe September 2026 monthly read across perpetual futures: bitcoin's first back-to-back August-September gain since 2013, the ETF arc, a September leverage event, Hyperliquid's structural shift, and the macro handoff into October.
Read the issueThe weekly funding and open-interest read for the week of September 28 - October 4, 2026: Hyperliquid's positions-up-volume-down rotation, a flat funding clock through the payrolls spike, ETF flows as a spot-funding proxy, and the stablecoin collateral base.
Read the issueThe weekly funding and open-interest read for the week of September 21 - 27, 2026: record open interest on both conventions, decelerating ETF intake, the collateral base and the squeeze that opened the week.
Read the issueThe weekly funding and open-interest read for the week of September 14 - 20, 2026: the Hyperliquid cohort, carry arithmetic, the DeFi perps cohort and the stablecoin base.
Read the issueThe weekly funding and open-interest read for the week of September 7 - 13, 2026: the Hyperliquid cohort, carry arithmetic and the venue ledger.
Read the issueThe weekly funding and open-interest read for the week of August 31 - September 6, 2026: the Hyperliquid cohort, carry arithmetic and the venue ledger.
Read the issueThe weekly funding and open-interest read for the week of August 24-30, 2026: the Hyperliquid cohort, carry arithmetic and the venue ledger.
Read the issueThe August 2026 structural report: a $400.00bn Hyperliquid month, a $106m fee month, the venue ledger at month end and the regulatory calendar that will shape September.
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