Introducing Real-Time Data Streams — Give your infrastructure a direct streaming line to any event happening on Hyperliquid. Read more →

Introducing Real-Time Data Streams — Give your infrastructure a direct streaming line to any event happening on Hyperliquid. Read more →

Perpetual Futures

A perpetual future is a derivative contract that mimics a spot position with no expiration date. To anchor the perp price to the underlying spot price, the contract pays a periodic funding rate from one side to the other based on the gap. Hyperliquid offers perps on hundreds of markets — perps are the platform's flagship product and the bulk of its volume.

See also: Order Book, Market Order, Market Maker.

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