Perpetuals on Hyperliquid
Perpetual markets on Hyperliquid — global stats, open interest, funding rates, and the full perp directory.
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FAQ
How does funding work on Hyperliquid perpetuals?
Funding is paid every hour, computed as one eighth of an eight-hour rate. It combines a fixed interest component of 0.01% per 8 hours, which is 11.6% APR paid to shorts, with a premium tracking the gap to the oracle price. The total is capped at 4% per hour.
What does open interest tell you?
Open interest is the total notional value of perpetual positions currently open. Read it next to volume: rising open interest alongside a rising price means new positions are funding the move, while a drop points to positions closing or being liquidated.
Which perpetual markets exist on Hyperliquid?
Crypto majors and long-tail assets trade on the core venue. Builder-deployed markets under HIP-3 extend the range to equities, foreign exchange and commodities, each run by its own deployer on the same matching engine.