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Hyperliquid (HYPE) Perpetual Futures

Hyperliquid (HYPE) Perpetual Futures — Live Data

Trade HYPEon 1 exchangeOstium logoOpen on Ostium

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 1 exchange. Compare fees, leverage, and features below to find the best platform for trading HYPE perps.

Ostium logo
Ostium
Arbitrum
Maker Fee
0.010%
Taker Fee
0.050%
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 is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing 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?▼
Ostium currently lists HYPE perps at a 0.050% taker fee (maker 0.010%). The cost comparison table above estimates total trading cost — fees plus slippage — for a $100,000 HYPE position.
How does Hyperliquid open interest compare across exchanges?▼
Hyperliquid (HYPE) open interest is broken down by exchange in the chart above, showing the total value of outstanding HYPE derivative contracts on each platform. 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 Ostium. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

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

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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