The hourly payment in dollars

On Hyperliquid, which price turns your position's coins into the funding notional?

• The mark price, because it is used for margin
• The oracle price
• The last traded price

The API's `fundingRate` for an hour reads 0.0000125. What rate do you use for that hour's payment?

• 0.0000125, because the API reports the hourly rate
• 0.0000125 ÷ 8, because Hyperliquid pays one eighth each hour
• 0.0000125 × 8, to turn it into the 8-hour rate first