Hyperliquid (HYPE) Perpetual on Hyperliquid
Auto-refreshes every 30s · Max leverage: 10x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (Hyperliquid L1 on-chain order book), refreshed every 30 seconds.
Quick Summary — What is HYPE on Hyperliquid?
HYPE (Hyperliquid) on Hyperliquid is a cash-settled perpetual futures contract that tracks the HYPE/USD price through an oracle-based mark price. Funding settles hourly to keep the perpetual anchored to spot, and there is no expiry or delivery — positions roll continuously. All margin is denominated in USDC, and you can trade with up to 10x leverage. As a native Hyperliquid perp, HYPE trades on the platform's on-chain order book 24/7 with no KYC, full self-custody through your own wallet, and zero gas fees on every order. Base fees are 0.045% taker and 0.015% maker, dropping further with volume tiers, HYPE staking discounts, and the 4% lifetime referral discount.
Live HYPE candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
Trade Hyperliquid (HYPE) on Hyperliquid
HYPE is the native token of the Hyperliquid L1 blockchain, securing the network through HyperBFT consensus and powering HyperEVM gas. With a 1 billion fixed supply, buyback-and-burn from trading fees, and staking that unlocks up to 40% fee discounts, HYPE ties protocol revenue directly to token value. Read our full HYPE token guide for tokenomics, staking mechanics, and how it compares to exchange tokens like BNB.
Hyperliquid's HYPE perpetual tracks the HYPE/USD price using an oracle-based mark price system. Funding rates are calculated hourly and settle continuously, keeping the perpetual price anchored to spot.
Key Market Facts
Frequently Asked Questions
What leverage is available for HYPE on Hyperliquid?
You can trade HYPE perpetual futures with up to 10x leverage on Hyperliquid. Start with lower leverage (2-5x) if you are new to the platform.
What are the trading fees for HYPE on Hyperliquid?
Base taker fee is 0.045% and maker rebate is 0.015%. Fees decrease with higher volume tiers and HYPE staking. Sign up with our referral code for a 4% discount.
How does HYPE funding work on Hyperliquid?
Funding is calculated hourly and settles continuously. When the rate is positive, longs pay shorts. When negative, shorts pay longs. The rate reflects the premium between mark and oracle prices.
How we source and review this market data
Data collection. Live HYPE price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load. HYPE-PERP is a native Hyperliquid perpetual, traded on the platform's own on-chain order book. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on HYPE-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live Hyperliquid interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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