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Hyperliquid (HYPE) Perpetual Futures

Hyperliquid (HYPE) Perpetual Futures — Live Data

Trade HYPEon 2 exchangesHyperliquid logoOpen on Hyperliquid
Price
$58.30
Total OI
$1.53B
Arb Spread
32.91%
Exchanges
4

Funding Rates

Annualized rates across exchanges

HyperliquidHyperliquidDEX
+10.95%
BybitBybitCEX
-0.69%
BinanceBinanceCEX
-1.30%
dYdXdYdXDEX
-21.96%

Open Interest

Per-exchange open interest

HyperliquidHyperliquid
$1.31B
BybitBybit
$222.9M
dYdXdYdX
$113K

Long/Short Ratio

Account-level positioning

No data available

Cost Comparison

Fee + slippage for $100K trade

No data available

Market Overview

Hyperliquid is the native token of Hyperliquid, a high-performance decentralized perpetual futures exchange built as a purpose-built L1 blockchain with a central limit order book. HYPE perpetual futures are available on the Hyperliquid platform itself and other exchanges, creating a meta-trade: speculating on a decentralized derivatives exchange via its own perpetuals infrastructure.

Trading Tips for Hyperliquid Perps

HYPE is a direct play on decentralized perps exchange growth and Hyperliquid platform volume. Monitor Hyperliquid's daily trading volume and total fees as fundamental indicators — the platform's fee buyback mechanism creates direct token demand tied to trading activity. HYPE tends to lead the DeFi derivatives sector during perp volume expansion periods.

Where to Trade Hyperliquid (HYPE) Perpetual Futures

Hyperliquid (HYPE) perpetual futures are available on 2 exchanges. The venue cards compare fees, leverage, and features for trading HYPE perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
40x
Rating
9.2/10
Trade HYPEReview
Ostium logo
Ostium
Arbitrum
Position Fee
0.03% or 0.05% when opening; $0.10 opening oracle fee, rollover, spread, and price impact are separate
Max Leverage
200x
Rating
7.5/10
Trade HYPEReview

Frequently Asked Questions — Hyperliquid (HYPE)

What is the current HYPE perpetual futures funding rate?▼
The live Hyperliquid (HYPE) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists HYPE perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest HYPE perp trading fees?▼
Hyperliquid is the only tracked HYPE venue with a comparable maker/taker schedule. It lists a 0.045% taker fee and a 0.015% maker fee. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Hyperliquid open interest compare across exchanges?▼
The Hyperliquid (HYPE) open-interest chart shows the total value of outstanding HYPE derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the HYPE long/short ratio indicate?▼
The Hyperliquid long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade HYPE perpetual futures?▼
Hyperliquid (HYPE) perps are listed on 2 exchanges: Hyperliquid and Ostium. The "Where to Trade Hyperliquid (HYPE) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

Category: DeFi · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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