Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi).
Order Book
Connecting…Price Chart: HYPE
Largest Bid Walls
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Largest Ask Walls
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HYPE Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, HYPE funding has averaged 0.00093% per hour, an annualised rate of 8.1%. Longs paid shorts in 88% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from -0.00383% to 0.00427%. HYPE is currently the #3 market on Hyperliquid by open interest. Work out what this costs on your own position with the funding rate calculator.
HYPE funding & market FAQ
What is the current HYPE funding rate?
The current HYPE 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 0.00093%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on HYPE 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 HYPE open interest tell me?
HYPE currently has $1,840,738,268 of open interest, ranking #3 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 HYPE position?
At the current mark price of $90.3760, a 10x long would be liquidated around $81.3384 and a 10x short around $99.4136. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade HYPE 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 HYPE positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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