Hyperliquid (HYPE) perpetual futures
HYPE perpetual contracts on 2 reviewed venues.
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Funding rates
Annualized rates across exchanges
BinanceCEX
OKXCEX
BitgetCEX
Open interest
Per-exchange open interest
HyperliquidBinance
BybitBitget
Gate.ioOKX
KuCoinCost comparison
Fee plus slippage for a $100K trade
The live order-book read loads in your browser. Stored values are on the cost comparison tool.
What the HYPE data shows
In the stored cost sweep of October 13, 2026, Lighter had the lowest measured cost for a $10,000 HYPE market buy: 1.05 bps, among 36 ranked venues. At $1,000,000, Toobit took rank 1 at 7.19 bps. The books of 16 venues could not fill that order.
Longs pay shorts on all 23 venues. Kraken charges the most at +54.45% a year, and dYdX the least at +0.36%.
CoinGecko ranked HYPE number 11 by market value on September 21, 2026, at $20.85b. Its price rose 17.6% in the 7 days before that date. The open interest in this read equals 13.4% of that value.
The HYPE settlement periods differ: 10 venues settle every 4 hours; 5 venues settle every hour; 3 venues settle every 8 hours.
Hyperliquid has 59.4% of the $2.78b in reported open interest, and Binance has 12.3%.
HTX quoted HYPE at $81.75 and Orderly at $81.67, a gap of 10.4 bps.
Measured HYPE cost by venue and order size
- Source: public APIs of 23 venues for HYPE, read at October 13, 2026, 20:48 UTC.
- Cost: stored sweep measured at October 13, 2026, 18:56 UTC, cost methodology version 9.
- Market value: CoinGecko snapshot of September 21, 2026.
Where to Trade Hyperliquid (HYPE) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm HYPE limits with the venue.
Hyperliquid (HYPE) market overview
HYPE is the native token of Hyperliquid. HYPE pays network fees and supports staking. A HYPE perpetual futures contract tracks the token price. A contract does not give you HYPE to spend on the network.
Where HYPE performs different functions
The HyperEVM guide names HYPE as the asset that pays network fees. The staking guide places HYPE staking in HyperCore. Staking assigns tokens to computers that help secure the network.
The network holds spot and staked funds in separate accounts. Funds pass through a queue when you move them from staking to spot. Staked funds can take longer to access than funds already in a trading account. Check which account holds your HYPE and when you can move it.
The HYPE contract and the Hyperliquid venue
The venue review covers the trading venue. This asset page compares HYPE contracts across the feeds that report them. A venue's total volume includes markets other than HYPE. That total cannot stand in for the volume of HYPE contracts.
The venue's contract guide gives a USDC price reference for HYPE. The contract uses USDC to hold margin and pay gains or losses. Another venue can use different price sources and margin rules for a HYPE contract.
Funding and token rewards
HYPE funding measures payments under the contract rules. It does not measure rewards from staking HYPE or show a share of venue fees. A change in venue use alone cannot show the next funding rate.
The HYPE cost comparison supports entry estimates for available observations. A trade, a token transfer, and a move out of staking each have their own costs. An entry estimate leaves out future funding and the cost to close the trade.
Frequently Asked Questions — Hyperliquid (HYPE)
What funding data is available for HYPE?
23 venues report a HYPE funding rate in this read.
An annualized HYPE rate extrapolates one reading and does not predict a return.
What open interest data is available for HYPE?
18 venues report positive HYPE open interest in this read.
The HYPE total leaves out venues outside the read.
Can I compare measured HYPE trading costs?
Yes.
The cost comparison measures one-way HYPE entry cost by order size and side. Funding and closing costs are separate.
Which mapped venue has the lowest recorded HYPE taker fee?
Hyperliquid is the only mapped HYPE venue with a maker/taker schedule: 0.045% taker.
1 HYPE venue charges a position fee and is not compared.
Category: DeFi