Markets Overview

The Markets page shows the whole of Hyperliquid at once: what moved, how traders are positioned, where liquidations sit and where the money is flowing. Pick a period (1D, 1W or 1M) at the top; every block follows it unless it says otherwise. The data refreshes every few minutes.

Pulse

The cards at the top summarise all perps (main and HIP-3):

• Open interest: total open positions in USD.
• Perp volume: traded volume over the period.
• Avg funding: funding rates weighted by open interest, annualized. Positive means longs pay shorts.
• Liquidated 24h: USD of positions liquidated in the last 24 hours, split into longs and shorts.
• Perps up: the share of perps whose price rose over the period.

Movers

Rank markets by Price, Open interest, Long/short, Funding or Volume, within Perps, HIP-3 or Spot. Favorites limits the list to your starred markets; All sizes includes markets under $1M of open interest, which are hidden by default.

The chart draws the five biggest risers and the five biggest fallers, each rebased to 0% at the start of the period, so you can compare how they got there. Green lines rose and red lines fell; each line has its own shade and its name at its end. Hover a line or its chip to highlight it, and click a chip (or the pin in the table) to keep a market on the chart.

The table lists every market with its price, change, open interest and its change, the long/short account ratio and its change, annualized funding, volume and Book ±1%: bids minus asks within 1% of the mid price, as a share of both. Click a column to sort, or a market to open it.

Positioning

Open interest vs price places each market by its price change (left to right) and open interest change (bottom to top). Dot size follows open interest.

Winners long, losers short and its opposite compare two groups of Hyperliquid accounts: those with over $1M of all-time profit, and those with an all-time loss. Each shows its long/short account ratio on the market. Markets where the two disagree most come first.

Crowded by funding lists the highest funding rates in either direction. Most one-sided lists the markets whose long/short account ratio is furthest from even. Crowded positioning is where squeezes start.

Liquidity and Risk

Liquidation clusters adds up the positions that would be liquidated within 5% of the current price: longs below it (red) and shorts above it (green). Large clusters tend to pull the price toward them.

Book imbalance lists the order books leaning hardest within ±1% of the mid price, with the total depth there. A positive number means more bids than asks.

Recent liquidations shows the largest liquidations of the last 24 hours, with the side that was liquidated.

Flow

Open interest flow ranks markets by how much open interest changed over the period, and splits it into the net opened by longs and by shorts.

Whale prints shows the largest trades of the last hour (from $100,000).

Funding

The highest and lowest predicted funding rates for the next funding, annualized, for markets with at least $1M of open interest.