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Perpetual market

HYPE on Hyperliquid

HYPE trades at $84.345 on Hyperliquid, down 0.92% over 24 hours, with a maximum leverage of 10x, $399.66M of 24-hour volume, and $1.97B in open positions. Funding is -0.00069% per hour, so shorts are paying longs.

Maximum leverage on this market is 10x, which puts the maintenance margin at 5.00% of notional. Live figures read from the exchange's public API at 8 Sept 2026, 18:17 UTC.

What it costs to hold this position

Cost of a $10,000 position in HYPE, at the entry fee tier.
Taker fee to open$4.50
Taker fee with a referral code$4.32
Maker fee to open$1.50
Funding, per day at the current rate $-1.65
Gas per trade$0

Funding is a payment between traders, not a fee. At the current rate, shorts pay longs every hour. How the rate is set.

Margin on this market

Maximum leverage10x
Maintenance margin5.00%
Initial margin at max leverage10.00%
Margin modeCross or isolated
Size decimals2
Oracle price$84.40

Maximum leverage can step down above published position-size thresholds. See the margin tiers, and how liquidation is calculated.

Questions about HYPE

What is the maximum leverage on HYPE on Hyperliquid?
10x. That sets the maintenance margin at 5.00% of notional, so a move of roughly that size against a fully extended position triggers liquidation.
What is the funding rate on HYPE?
-0.00069% per hour at the last refresh, which is -0.0165% per day if it held. Shorts are paying longs.
How much does it cost to trade HYPE?
A taker order at the entry fee tier costs 0.045% of notional, or 0.0432% with a referral code applied. There is no gas on the trade itself.

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