Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.
Order Book
Connecting…Price Chart: BTC
Largest Bid Walls
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Largest Ask Walls
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BTC Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, BTC funding has averaged 0.00091% per hour, an annualised rate of 7.9%. Longs paid shorts in 93% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from -0.00103% to 0.00125%. BTC is currently the #2 market on Hyperliquid by open interest. Work out what this costs on your own position with the funding rate calculator.
BTC funding & market FAQ
What is the current BTC funding rate?
The current BTC funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of not yet available. Over the past 7 days it has averaged 0.00091%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on BTC 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 BTC open interest tell me?
BTC currently has $3,240,000,482 of open interest, ranking #2 of 533 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 BTC position?
At the current mark price of $85,288, a 10x long would be liquidated around $76,759 and a 10x short around $93,816. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade BTC 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 BTC positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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