Glossary
Oracle price
An external reference price for an asset, published to the exchange by its validators. Hyperliquid uses it for the funding calculation and as an input to the mark price.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Mark price The reference price used to value open positions and trigger liquidations. It is derived from the order book and the oracle rather than the last trade, so a single print cannot liquidate you.
- Funding rate A periodic payment between long and short holders of a perpetual contract. On Hyperliquid it is charged every hour and the exchange takes none of it.