Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.
Order Book
Connecting…Price Chart: ALGO
Largest Bid Walls
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Largest Ask Walls
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ALGO Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, ALGO funding has averaged 0.00125% per hour, an annualised rate of 11.0%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00182%. Work out what this costs on your own position with the funding rate calculator.
ALGO funding & market FAQ
What is the current ALGO funding rate?
The current ALGO funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00125%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on ALGO right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does ALGO open interest tell me?
ALGO currently has $4,772,403 of open interest, ranking #140 of 534 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a ALGO position?
At the current mark price of $0.128403, a 10x long would be liquidated around $0.115563 and a 10x short around $0.141243. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade ALGO perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's ALGO positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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