{
  "annualized_arithmetic_mean_1x_pct": 35.053570174941996,
  "annualized_arithmetic_mean_2x_pct_of_equity": 70.10714034988399,
  "coin": "xyz:SMSN",
  "constant_2x_funding_contribution_pct_of_starting_equity": 34.4933533,
  "constant_2x_funding_dollars_per_1000_starting_equity": 344.933533,
  "csv_sha256": "7c21257621a0af7817f13062ffd8f1ff9468c773323e4e7b0275bff16a859daf",
  "first_observation_utc": "2026-02-20T01:00:00.190+00:00",
  "last_observation_utc": "2026-08-18T14:00:00.021+00:00",
  "limitations": [
    "Historical funding is not a forecast.",
    "The calculation isolates funding and is not a token return backtest.",
    "Price P&L, changing notional, rebalancing, liquidation, fees, slippage, and compounding are excluded.",
    "The public API may not retain the full history indefinitely; the CSV is the immutable snapshot used here."
  ],
  "longest_consecutive_negative_hours": 35,
  "mean_hourly_rate": 4.001549106728538e-05,
  "median_hourly_rate": 1.3312e-05,
  "methodology": {
    "annualization": "arithmetic mean hourly rate * 24 * 365",
    "constant_2x_example": "2 * simple cumulative funding; holds notional at twice starting equity and excludes price P&L, rebalancing, fees, and compounding",
    "cumulative_funding": "simple sum of settled hourly rates",
    "funding_convention": "positive funding is paid by longs to shorts; negative funding is paid by shorts to longs",
    "source": "Hyperliquid public info endpoint fundingHistory",
    "source_url": "https://api.hyperliquid.xyz/info"
  },
  "monthly": [
    {
      "annualized_arithmetic_mean_1x_pct": 45.022656424186046,
      "month": "2026-02",
      "observations": 215,
      "positive_hours_pct": 73.02325581395348,
      "simple_cumulative_funding_1x_pct": 1.1050081200000001
    },
    {
      "annualized_arithmetic_mean_1x_pct": -9.03284350483871,
      "month": "2026-03",
      "observations": 744,
      "positive_hours_pct": 49.46236559139785,
      "simple_cumulative_funding_1x_pct": -0.7671730099999999
    },
    {
      "annualized_arithmetic_mean_1x_pct": 47.064486878333334,
      "month": "2026-04",
      "observations": 720,
      "positive_hours_pct": 59.44444444444444,
      "simple_cumulative_funding_1x_pct": 3.8683139900000003
    },
    {
      "annualized_arithmetic_mean_1x_pct": 64.77283041451612,
      "month": "2026-05",
      "observations": 744,
      "positive_hours_pct": 65.99462365591398,
      "simple_cumulative_funding_1x_pct": 5.50125409
    },
    {
      "annualized_arithmetic_mean_1x_pct": 43.52970010166667,
      "month": "2026-06",
      "observations": 720,
      "positive_hours_pct": 67.08333333333333,
      "simple_cumulative_funding_1x_pct": 3.5777835700000002
    },
    {
      "annualized_arithmetic_mean_1x_pct": 37.12625334193548,
      "month": "2026-07",
      "observations": 744,
      "positive_hours_pct": 65.86021505376344,
      "simple_cumulative_funding_1x_pct": 3.15318864
    },
    {
      "annualized_arithmetic_mean_1x_pct": 16.73928829787234,
      "month": "2026-08",
      "observations": 423,
      "positive_hours_pct": 64.30260047281324,
      "simple_cumulative_funding_1x_pct": 0.80830125
    }
  ],
  "negative_contribution_1x_pct": -30.66638988,
  "negative_hours_pct": 37.61020881670534,
  "observations": 4310,
  "positive_contribution_1x_pct": 47.913066529999995,
  "positive_hours_pct": 62.38979118329466,
  "rolling_30d_apr_pct": {
    "maximum": 70.40899956333328,
    "median": 41.11183303499992,
    "minimum": -34.23976803833339
  },
  "rolling_7d_apr_pct": {
    "maximum": 124.00791884285735,
    "median": 36.40074867857155,
    "minimum": -102.22927039285707
  },
  "schema": "postfiat-ultrashort-funding-evidence-v1",
  "simple_cumulative_funding_1x_pct": 17.24667665,
  "worst_cumulative_funding_drawdown_1x_pct": -4.175886269999999
}