FAQ

From funding on Hyperliquid's HYPE perp. Crest holds HYPE on the spot book and shorts the same amount on the perp. The two cancel out, so your balance holds its dollar value, and the short collects funding: longs pay shorts every hour. Hyperliquid builds an interest rate of 0.01% every 8 hours into funding, which is why shorts get paid most of the time.

No. It's what HYPE shorts were paid over the last 30 days, after what waits beside the short, shown live everywhere on this site. Funding moves every hour, and it can turn: when shorts pay longs, the funding trade pays out. Under $25 waits in Hyperliquid's lending pool, at its own rate, until there's enough.

Yes, in two ways. Funding can turn: when shorts pay longs, the short pays instead. And with the app closed, a sharp rise in HYPE can liquidate the short: after about 25% on a unified account, about 76% on portfolio margin. While the app is open, Crest trims it before that. Going in and coming out also costs about 0.23% in fees.

Hyperliquid's mode where spot and perps share one margin account. It counts the funding trade's HYPE toward the short, so only 10% has to wait beside it in USDC instead of enough for a 25% rise, and more of each dollar earns. It's open to accounts over $10,000 (or with over $5M in weighted volume) and can be switched on with no positions open. Crest offers it when you qualify.

No. Crest is a front-end, not a fund. Your money stays in your own Hyperliquid account the whole time, either in the funding trade or backing a position. There is no Crest contract or vault to deposit into.

When you enable trading, your wallet approves an agent key that lives in your browser. It can place and cancel orders, which is how it moves money in and out of the funding trade. It cannot send funds anywhere: transfers and withdrawals need your wallet's own signature. You can revoke it any time in Hyperliquid's API settings.

Crest adds no smart contracts, so the risks are Hyperliquid's and the market's: leverage can liquidate a position, funding can turn against the funding trade, a sharp rise in HYPE can liquidate its short, and Hyperliquid itself is a single chain. The Risks page lists them plainly. Only trade what you can afford to lose.

Crest takes the order's margin, which is what you put in, out of the funding trade, then sends the order, in one click. Nothing is borrowed. Everything else stays in the funding trade, and the Crest pool pays you the same rate on the margin, so your whole balance keeps earning. When you close, the freed USDC and any profit go back into the funding trade.

Hyperliquid's normal trading fees and funding, exactly as on Hyperliquid. Crest adds nothing on top today. The funding trade pays Hyperliquid's own fees going in and coming out, about 0.23% in all.

Any EVM wallet in your browser, like Rabby or MetaMask. You deposit USDC from the HyperEVM, Hyperliquid's own chain, or trade with the USDC already in your Hyperliquid account.