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Hyperliquid

DEXHyperliquid L1
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You get 4% off feesTrade on Hyperliquid
Volume 24h$8.30B↘ 10.51%24h
Open interest$10.15B↘ 9.76%24h
Markets179
Max leverage40x
Taker / maker0.045%/0.015%
BTC funding /8h+0.0100%
BTC paid 30d+0.722%

HLP

protocol vault · USDC · lock 4 days per deposit · no feeall vaults
TVL$151.2M
APR−0.1%
7d−0.20%
30d+0.05%
Drawdown 30d0.40%
Share price 30d

Best price arb

Open pair →
UNI+1.125%gap7d avg +0.161%Net 7d +$55
LONGVariational Omni6.7328
SHORTHyperliquid6.8086

Price arb here

all
UNIshort here, Variational Omni+1.125%+$55
HYPEshort here, Variational Omni+0.718%+$42
AAVEshort here, Variational Omni+0.887%+$42
DOTshort here, Variational Omni+1.017%+$40
TRUMPlong here, Variational Omni+0.680%+$26

Best funding arb

Open pair →
BLUR+0.0710%/8hNet 7d +$65
LONGMEXC−0.0610%4h3h 57m
SHORTHyperliquid+0.0100%1h57m 01s

Funding arb here

all
BLURshort here, MEXC+0.0710%+$65
NEARlong here, Backpack+0.0248%+$46
WLFIlong here, Aster+0.0118%+$39
HYPEshort here, ApeX Omni+0.0152%+$32
TRXlong here, edgeX+0.0513%+$29

Markets

179 markets
AssetPriceFunding /8hEveryOIVol 24hMax lev
BTC BTC76,096+0.0100%1h$3.07B$4.30B40x
ETH ETH2,250.5−0.0031%1h$2.16B$1.47B25x
HYPE HYPE78.754+0.0166%1h$1.77B$723.2M10x
ZEC ZEC1,239.9+0.0100%1h$571.5M$532.8M10x
SOL SOL90.213−0.0051%1h$512.5M$342.2M20x
XRP XRP1.2471+0.0100%1h$212.7M$91.3M20x
NEAR NEAR3.7136+0.0059%1h$168.2M$98.6M10x
XMR XMR614.35+0.0828%1h$147.1M$74.7M5x
LIT LIT3.3439+0.0030%1h$125.7M$45.7M5x
PUMP PUMP0.003948+0.0100%1h$90.8M$58.0M10x
ENA ENA0.1629+0.0100%1h$70.7M$27.6M10x
UNI UNI6.8086+0.0100%1h$70.2M$35.8M10x
DOGE DOGE0.07182−0.0082%1h$69.5M$11.5M10x
LINK LINK10.727+0.0100%1h$61.9M$18.6M10x
VVV VVV20.324+0.0100%1h$57.0M$18.4M3x
Show all 179 markets

Before you deposit

  • LiquidityDeep
    $10.15B open interest
  • Real volumeNormal
    volume is 0.8x open interest a day
  • Book depthDeep
    $56.3M within ±0.5% of the BTC price, both sides
  • KYCNone
    No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries.

Key facts

Type
DEX
Chain
Hyperliquid L1
Rank by volume
#1 of 49
Funding paid
every 1h
Token
$HYPE
Airdrop
Season 2 calendar
Tracked since
2026-09-18
Compare
Bitget · BingX · Deribit · KuCoin · MEXC
Links
app · site · docs · X

About Hyperliquid

Hyperliquid is a decentralized perpetual futures exchange on Hyperliquid L1. It lists 179 active markets, traded $8.30B in the last 24 hours and holds $10.15B in open interest, #1 among the perp DEXs we track.

Funding settles every 1h. BTC longs pay +0.0100% /8h right now and paid 0.722% over the last 30 days.

HLP on Hyperliquid earns from market making and liquidations, with $151.2M TVL, a 30-day return of +0.05% and a lock of 4 days per deposit. Compare perp DEX vaults.

News from Hyperliquid

all
10-27 06:49ListingBy community request, Extended (XTEN) hyperp has been listed with up to 3x leverage. @HyperliquidX on X ↗
10-27 06:41Listingnew market XTEN ($XTEN) seen by our collector
10-26 17:35ProductPayward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts. HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback. Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment. @HyperliquidX on X ↗
09-21 05:58ProductTrailing stops are now available for perp markets. A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price. @HyperliquidX on X ↗
09-18 06:43ProductManual borrows are live on Hyperliquid Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today. Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization. @HyperliquidX on X ↗

Volume & open interest

daily, last 90 daysOpen in charts →
Volume
$10.76B↗ 189.8%90D
Open interest
$10.92B↗ 38.0%90D
Table, every 3rd day
DayVolumeOpen interestShare of DEX volume
Nov 4, 2026$10.76B$10.92B28.4%
Nov 1, 2026$2.27B$10.68B24.0%
Oct 29, 2026$12.87B$11.33B34.2%
Oct 26, 2026$4.93B$11.12B21.8%
Oct 23, 2026$4.33B$11.37B21.3%
Oct 20, 2026$5.65B$11.52B22.8%
Oct 17, 2026$2.42B$11.03B24.0%
Oct 14, 2026$6.25B$11.44B22.7%
Oct 11, 2026$3.62B$12.33B29.8%
Oct 8, 2026$9.40B$11.77B29.0%
Oct 5, 2026$5.75B$13.44B24.9%
Oct 2, 2026$8.15B$12.64B28.7%
Sep 29, 2026$6.66B$12.54B27.8%
Sep 26, 2026$2.98B$13.03B29.9%
Sep 23, 2026$9.86B$12.65B32.1%
Sep 20, 2026$5.23B$12.68B33.3%
Sep 17, 2026$5.34B$10.49B—
Sep 14, 2026$6.51B$10.15B—
Sep 11, 2026$8.74B$10.27B—
Sep 8, 2026$5.12B$10.80B—
Sep 5, 2026$2.39B$10.38B—
Sep 2, 2026$5.40B$10.05B—
Aug 30, 2026$4.71B$9.95B—
Aug 27, 2026$8.66B$10.04B—
Aug 24, 2026$9.78B$10.20B—
Aug 21, 2026$16.16B$9.22B—
Aug 18, 2026$2.65B$9.00B—
Aug 15, 2026$734.1M$8.61B—
Aug 12, 2026$2.92B$8.23B—
Aug 9, 2026$1.36B$7.84B—

Share of DEX volume

daily, last 90 days
28.4%↘ 1.9 pp90D