Liminal

Liminal is a protocol that automates a strategy that uses Hyperliquid's spot and futures trading to turn Funding Rate fees into profits.

By buying spot units through Unit and shorting the same number of units in Hyperliquid's Percent market, you can make a profit when the Funding Rate is positive.

By selecting the Institutional option, you can operate it as a sub-account of your own Hyperliquid account, allowing you to triple-dip on Unit, Hyperliquid Season 2, and Liminal airdrops.

However, as of September 2025, neither Liminal, Unit, nor Hyperliquid have announced airdrops.