High-performance perpetuals, reimagined for on-chain traders
Tap into deep aggregated liquidity with deterministic settlement, transparent funding, and protocol-level insurance. Hyperliquid focuses on execution quality and capital efficiency — engineered for pro traders and builders.
24h Volume
$28.7M
Open Interest
$4.3M
Pairs
14
Active funding
BTCUSD: -0.012% / 8h
Insurance fund: $1.2M
Est. margin: 200 USDC
Open positions
| Pair | Size | Entry | P&L |
|---|---|---|---|
| BTC/USD | 0.25 BTC | $62,140 | +$1,240 |
| ETH/USD | 2.1 ETH | $3,420 | - $210 |
Protocol design highlights
- Deterministic settlement with on-chain P&L reconciliation.
- Funding epochs designed to reduce manipulation and oracle latency exposure.
- Permissionless listings with governance oversight and risk-oracle checks.
- Insurance fund and automated liquidation penalties that protect counter-parties.