Hyperliquid HYPE perpetual: order book, trades & funding data
528K trade, L2 and funding events for the HYPE perp on Hyperliquid, recorded live since 2026-10-01 — about 21,120 events a day.
Coverage
HYPE perp data coverage
What is recorded, how often it updates and how much there is.
Recording since
2026-10-01
25 days so far · no backfill
Events recorded
528,000
≈ 528K as of 2026-10-25
Avg events / day
21,120
trade · L2 book update · funding
Update frequency
Trades and L2 book updates in real time; funding settled hourly
Daily activity · last 25 days
Indicative daily event volume, last 25 days to 2026-10-25. Shape modeled from collector stats; mean matches the average events/day above.
About this market
What is HYPE perp?
HYPE is the exchange's own token and its largest alt market: the book reflects Hyperliquid's volume, buybacks and unlocks in a feedback loop that no other perp has. AymarData has been recording the HYPE perpetual on Hyperliquid since 2026-10-01 and holds 528K events so far, about 21,120 a day. History is forward-only: we record live and do not backfill.
HYPE is the native token of Hyperliquid, the on-chain perpetuals exchange. On Hyperliquid, HYPE is moved by new listings and HIP-3 deployments that change what trades on the venue, and by Hyperliquid's own volume and open interest, which feed the fee-funded buyback. The venue adds its own mechanics: funding is paid hourly rather than every eight hours, and positions are on-chain, so liquidation clusters and large wallets are visible rather than inferred.
At about 21,120 events a day, the HYPE perp is dense enough for execution studies: replay depth against trades, track hourly funding resets, and see how on-chain wallet flow changes the order book. Because Hyperliquid settles on-chain, the venue's own liquidations are part of the story, not noise.
What moves HYPE on Hyperliquid
- New listings and HIP-3 deployments that change what trades on the venue
- Hyperliquid's own volume and open interest, which feed the fee-funded buyback
- Team and ecosystem unlock schedules
Schema
HYPE perp fields and sample rows
The same columns are returned by the API and in Parquet and CSV files.
| Field | Type | Description |
|---|---|---|
| ts_ms | int64 | Venue event time, Unix milliseconds |
| symbol | string | Hyperliquid coin name, here HYPE |
| event_type | string | trade | l2_update | funding |
| side | string | buy / sell for trades; bid / ask for book levels; null on funding |
| price | number | Trade price or book level in USD |
| size | number | Size in coin units; null on funding |
| funding_rate | number | null | Hourly funding rate on funding events, else null |
Sample rows
| ts_ms | symbol | event_type | side | price | size | funding_rate |
|---|---|---|---|---|---|---|
| 1792677599247 | HYPE | trade | buy | 38.217 | 215.6 | null |
| 1792677599458 | HYPE | l2_update | bid | 38.215 | 351.3 | null |
| 1792677600333 | HYPE | funding | null | 38.215 | null | -0.00000413 |
Illustrative rows for HYPE on Hyperliquid; prices in USD, shown for schema purposes. Funding appears on funding events.
Code
Pull HYPE perp in Python, cURL or MCP
Market id: HYPE. Export AYMARDATA_API_KEY from your dashboard, then run the Python requests example.
import os
import requests
API = "https://api.aymardata.com/v1"
KEY = os.environ["AYMARDATA_API_KEY"] # export AYMARDATA_API_KEY=ad_live_…
H = {"Authorization": f"Bearer {KEY}", "User-Agent": "aymardata-docs/1.0"}
# HYPE perp: ten minutes around the 14:00 UTC hourly funding
trades = requests.get(
f"{API}/trades",
headers=H,
params={
"source": "hyperliquid",
"market": "HYPE",
"start": "2026-10-22T13:55:00Z",
"end": "2026-10-22T14:05:00Z",
"limit": 500,
},
timeout=30,
).json()["data"]
funding = [t for t in trades if t["event_type"] == "funding"]
print(funding[0]["funding_rate"] if funding else "no funding event in window")
book = requests.get(
f"{API}/book",
headers=H,
params={
"source": "hyperliquid",
"market": "HYPE",
"at": "2026-10-22T14:00:00Z",
"depth": 10,
},
timeout=30,
).json()
print(book.get("spread"), len(trades))FAQ
HYPE perp: common questions
Is the HYPE perp on Hyperliquid liquid enough for execution research?
Yes. With about 21,120 events a day on HYPE, you can replay order-book updates against trades and measure slippage by size. Remember that this is a forward-only recording, so the window is shorter than our Binance history.
What moves the HYPE perp on Hyperliquid?
New listings and HIP-3 deployments that change what trades on the venue, and Hyperliquid's own volume and open interest, which feed the fee-funded buyback. Hyperliquid's hourly funding and on-chain liquidations amplify both effects. HYPE is the exchange's own token and its largest alt market: the book reflects Hyperliquid's volume, buybacks and unlocks in a feedback loop that no other perp has.
How far back does HYPE data on Hyperliquid go?
Recording started 2026-10-01, and it is forward-only — we do not backfill Hyperliquid. That is about 25 days and 528K events at the time of this page. Coverage grows every day.
How is funding stored for HYPE?
As separate events (event_type=funding) with a funding_rate field, in the same time-ordered stream as trades and L2 updates. Hyperliquid pays funding hourly, so expect 24 funding events a day for HYPE.
How does the HYPE perp compare with Binance's?
Join Hyperliquid HYPE with the Binance HYPEUSDT perp on ts_ms to measure basis, lead-lag and funding differences. Binance history runs from 2025-06-01; Hyperliquid from 2026-10-01, so overlap starts there.
Related
Related markets and next steps
Backtest HYPE perp with real tick data
Get an API key, pull your first window and join it with the other sources in the catalog.