Live funding, with provenance
The Hyperliquid funding regime, live.
Kerne runs a delta-neutral synthetic dollar, which means it shorts perpetuals on Hyperliquid in production and lives or dies on the funding rate. The bot computes that regime every hour to size the hedge. This page exposes the same numbers, the current funding, the blended trailing funding, the staking component, and a 24-hour forward forecast, and feeds them into an hourly signed Proof of Reserves you can verify. It is funding data with a balance sheet behind it.
The Hyperliquid link is a Kerne referral. It costs you nothing extra and helps fund the protocol's public data work.
Loading funding regime from /api/apy...
The 24-hour forward forecast.
The same linear forecaster the bot uses to size its next-day hedge, with its coefficients, its R² against a naive baseline, and an 80% confidence band. Predicted-versus-actual is checkable over time.
Loading forecast from /api/forecast...
Why this is different from a funding dashboard.
Plenty of dashboards show funding rates. None of them are run by a protocol that hedges on the funding they display and stakes its solvency on getting it right. Kerne's bot computes this regime hourly, sizes a real production hedge against it, and signs the resulting reserve state into a Proof of Reserves at /api/por/signed. The funding number you see here is not an observation; it is an input the protocol acts on, with a balance sheet attached.
If you trade the basis yourself on Hyperliquid, the same regime drives your funding income. If you would rather hold the packaged version, that is what skUSD is: the funding plus staking yield, delta-neutral, in a token you can verify on-chain.
Verify yourself.
Every number on this page resolves to a live endpoint. The funding regime is at /api/apy, the forecast is at /api/forecast, and the signed reserve state is at /api/por/signed.