Ethereum is a global, open-source platform for decentralized applications. In other words, it is a decentralized blockchain platform that enables developers to build and deploy smart contracts and applications without central authority control. Unlike Bitcoin, which primarily functions as digital currency, Ethereum operates as a programmable global computer where developers can create any type of decentralized service.
Order Book
Connecting…Price Chart: ETH
Largest Bid Walls
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Largest Ask Walls
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ETH Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, ETH funding has averaged 0.00125% per hour, an annualised rate of 10.9%. 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 0.00125%. ETH is currently the #1 market on Hyperliquid by open interest. Work out what this costs on your own position with the funding rate calculator.
ETH funding & market FAQ
What is the current ETH funding rate?
The current ETH 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 0.00125%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on ETH 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 ETH open interest tell me?
ETH currently has $3,285,212,090 of open interest, ranking #1 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 ETH position?
At the current mark price of $2,703.1, a 10x long would be liquidated around $2,432.8 and a 10x short around $2,973.4. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade ETH 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 ETH positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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