Hyperliquid Adds New Perpetual Markets to Its Exchange Platform

Hyperliquid – децентрализованная биржа бессрочных контрактов и спота, работающая на собственном блокчейне Layer 1 – now supports additional derivatives. Traders can access fresh instruments tied to popular assets, expanding strategies without relying on centralized intermediaries.

The platform’s on-chain order book processes trades in under a second, with positions secured by USDC margin. Funding rates adjust hourly, keeping contract prices aligned with spot markets. Cross and isolated margin modes let users customize risk exposure while stop-loss and TWAP execution tools automate entries and exits.

Third-party participants can propose additional pairs through HIP-3 after staking HYPE tokens. The network’s dual execution environments – HyperCore for trading and HyperEVM for smart contracts – enable direct interaction between decentralized apps and the order book.

Which New Perpetual Contracts Are Available on Hyperliquid?

Users can now trade Ethereum Classic (ETC) and Maker (MKR) derivatives with up to 10x leverage. Both assets are supported with isolated and cross-margin options, allowing flexibility in position management.

The ETC contract mirrors the index price of Ethereum Classic, a blockchain continuation of the original Ethereum chain. Its inclusion provides exposure to a legacy asset with a dedicated community and mining ecosystem.

MKR, the governance token of the MakerDAO protocol, enables traders to speculate on decentralized finance (DeFi) adoption trends. Its price often correlates with DAI stability and overall DeFi activity.

Both contracts operate on USDC margin, aligning with platform standards. Funding rates are calculated hourly, aiming to anchor contract prices to their respective spot markets.

Initial liquidity pools for ETC and MKR receive support from HLP, the protocol’s liquidity reserve. Early users may benefit from tighter spreads and reduced slippage during the launch phase.

Risk management tools, including stop-loss and take-profit orders, are available for these instruments. Traders should monitor volatility, particularly in MKR, given its sensitivity to governance proposals and DeFi developments.

How to Trade the New Perpetual Markets on Hyperliquid?

Connect a wallet like MetaMask or Rabby to the platform–no account registration required. Funds stay in on-chain contracts, not with a centralized custodian.

Deposit USDC as collateral before opening positions. Cross-margin spreads risk across trades, while isolated margin limits exposure to a single position.

Check the index price feed before placing orders. The system uses real-time data to prevent manipulation, but thin liquidity on smaller pairs may increase slippage.

Order Type	Use Case
TWAP	Large orders split over time
Trailing Stop	Dynamic exit as price moves favorably

Funding rates adjust hourly–longs pay shorts when positive, shorts pay longs when negative. Monitor these costs for overnight holds.

Set stop-losses below liquidation thresholds. Positions auto-close if collateral drops too low, but rapid volatility could trigger worse fills than expected.

What Are the Leverage Options for the New Perpetuals?

Maximum leverage varies by asset, with BTC and ETH allowing up to 20x, while smaller altcoins cap at 10x. Higher multipliers increase liquidation risks–positions get closed if collateral drops below maintenance margin.

Isolated margin lets traders define risk per position separately. If one trade fails, others remain unaffected. Cross-margin pools all funds, reducing liquidation chances but exposing the entire balance.

Funding rates adjust every hour. Longs pay shorts when positive; shorts pay longs when negative. High leverage amplifies these costs–a 20x position pays 20 times the hourly rate.

Liquidation thresholds differ: 5% for 20x, 10% for 10x. A $1,000 BTC position at 20x liquidates if the price moves $50 against the trader. Stop-loss orders bypass these limits.

TWAP execution splits large orders to minimize slippage. Useful for leveraged trades above $50k–avoids triggering cascading liquidations from market impact.

Trailing stops automatically adjust as prices move favorably. Set a 2% trail on a 10x long: if BTC rises from $60k to $61k, the stop-loss locks at $59,780.

Staking HYPE tokens reduces trading fees. 5,000 staked HYPE cuts costs by 20%, improving profitability for high-frequency leveraged strategies.

What Fees Apply to the New Perpetual Markets?

Trading costs on these instruments include a 0.02% taker fee and 0.01% maker rebate–net positive for limit orders.

Funding rates fluctuate every hour, calculated as (Premium Index / Funding Interval) + (Interest Rate Differential). The current interval multiplier is 0.0001.

Withdrawals incur a flat 0.0005 ETH equivalent, while deposits remain free. Gas costs vary by network congestion but average $0.30 per swap.

Margin traders pay 0.005% hourly for positions held overnight, deducted automatically from collateral. Isolated positions below 2x leverage are exempt.

Third-party market creators must stake 50,000 HYPE tokens, taking 15% of generated fees while the protocol retains the rest.

Liquidation penalties start at 2.5% of position value, scaling with size. The insurance fund covers deficits, prioritizing smaller accounts first.

TWAP executions add 0.03% surcharge but bypass slippage. Custom routing bots can reduce this to 0.01% with API integration.

Staked HYPE holders receive 30% of platform revenue distributed weekly, proportional to locked amounts over 90-day epochs.

How Does Hyperliquid Ensure Liquidity for New Markets?

The platform integrates a decentralized liquidity pool mechanism, allowing participants to contribute assets directly to the protocol. Users stake HYPE tokens to enable market creation, incentivizing liquidity providers through fee-sharing models. This approach eliminates reliance on external market makers, ensuring continuous availability of funds for trades.

Deepening order books is achieved through HyperCore’s on-chain engine, which processes transactions in under a second. Real-time funding rate adjustments keep perpetual contract prices aligned with spot values, attracting arbitrage opportunities and reducing slippage. Cross-margin and isolated margin options further enhance trading flexibility, encouraging higher participation.

Protocol-backed initiatives like the HIP-3 standard empower third-party liquidity providers to launch their own markets. By locking HYPE tokens, these participants gain access to shared resources while maintaining decentralized control. This flexibility fosters diverse trading pairs while mitigating risks of thin liquidity on less active instruments.

Risk management tools such as trailing stops, scaled orders, and TWAP executions are available across all markets. These mechanisms not only protect traders from volatility but also stabilize order flow, improving overall market depth. Combined with HyperEVM’s smart contract capabilities, the system ensures secure and efficient interactions between liquidity providers and traders without intermediaries.

What Trading Pairs Support the New Perpetual Contracts?

The platform now offers BTC/USDC, ETH/USDC, and SOL/USDC with up to 10x leverage. Traders can access these directly after connecting a wallet–no account setup required.

Smaller-cap pairs include ARB, DOGE, and BNB, all quoted against USDC. Liquidity varies: BTC and ETH have tight spreads, while altcoins may experience slippage during high volatility.

Third-party markets launched via HIP-3 appear under “Community” in the interface. These require staking HYPE as collateral–check each pair’s depth before entering large positions.

Index prices pull data from CoinGecko and Binance. Cross-margin accounts let traders share collateral across positions, but isolated mode remains safer for volatile assets like meme coins.

How Does Hyperliquid Handle Funding Rates for New Markets?

Funding calculations begin immediately after launch, with the first interval set at 60 minutes.

The protocol determines rates using a time-weighted average of the premium index, adjusted for open interest imbalance. If longs dominate, shorts receive payments; if shorts prevail, longs fund the market. This keeps contract prices aligned with spot values.

Three key parameters define the formula: premium interval (8 hours), funding cap (0.75%), and adjustment coefficient (0.0005). These values apply uniformly across all instruments to prevent manipulation.

Parameter	Value
Premium Calculation Window	8 hours
Maximum Rate per Interval	0.75%
Interest Sensitivity	0.0005

Traders see predicted rates before entering positions. The interface displays real-time estimates based on current order book depth and recent price deviations from the index.

Payments occur hourly through direct balance adjustments–no manual claiming required. Positive funding adds USDC to recipient accounts; negative funding deducts from positions automatically.

During extreme volatility, the system enforces rate caps. If predicted funding exceeds 0.75%, the protocol limits payments to this threshold while maintaining the premium index calculation.

Historical rates remain publicly verifiable on-chain. Anyone can audit past funding events by querying the blockchain for timestamped transactions linked to specific instruments.

What Risk Management Features Are Available for New Perpetuals?

Set stop-loss orders directly in the order book with a 0.1% minimum deviation from the index price to prevent slippage. The platform enforces auto-liquidation at 90% of maintenance margin, with partial closes starting at 50% to reduce cascading risks. Traders can adjust leverage between 1x and 50x per position, while isolated mode caps exposure to deposited collateral.

Funding rate arbitrageurs mitigate extreme premiums via hourly payments, with a 0.075% cap per interval. Oracle price feeds aggregate data from 12 sources, updating every 400ms to avoid stale pricing. The protocol’s insurance fund covers residual losses from liquidations, currently holding 8,200 ETH equivalent. For large orders, TWAP execution splits trades across 5-minute windows to minimize market impact.

Q&A:

What new perpetual markets has Hyperliquid added to its exchange?

Hyperliquid has introduced several new perpetual markets, including BTC, ETH, and SOL. These additions allow traders to speculate on cryptocurrency prices without holding the underlying assets, offering more flexibility in their trading strategies.

How do perpetual contracts work on Hyperliquid?

Perpetual contracts on Hyperliquid function similarly to futures contracts but without an expiration date. Traders can open long or short positions and use leverage to amplify their potential gains or losses. Funding rates are periodically exchanged between long and short positions to keep the contract price aligned with the spot market.

What advantages do these new markets bring to traders?

The new perpetual markets on Hyperliquid provide traders with more opportunities for diversification and risk management. Traders can now access popular cryptocurrencies like BTC, ETH, and SOL with leverage, enabling them to capitalize on market movements more effectively. Additionally, the absence of expiration dates allows for more flexible long-term trading strategies.

Are there any risks associated with trading perpetual contracts on Hyperliquid?

Yes, trading perpetual contracts involves risks, primarily due to leverage. While leverage can amplify profits, it can also increase losses significantly. Traders should be aware of market volatility, funding rate costs, and liquidation risks. It’s advisable to use risk management tools like stop-loss orders and maintain a clear understanding of the trading mechanics before engaging in perpetual trading.

Reviews

ShadowWalker

*”Oh wow, more perpetual markets—just what we needed! Tell me, does Hyperliquid actually expect anyone to believe this will magically fix liquidity issues, or is it just another way to lure in degenerate gamblers before the next rug pull? And while we’re at it, how many of these shiny new pairs will quietly vanish in six months when volume dries up? Asking for a friend who’s already lost three wallets to ‘innovation.'”

EmberWisp

“More markets, same risks. Liquidity spreads thin, fees pile up, and retail gets crushed. Who wins? Not us.”

IronClad

*”So, who’s actually making money on these new perps, or are we all just paying for the privilege of being liquidated in HD?”* *(Bonus points if you’ve already set a stop-loss tighter than your risk tolerance.)*

LunaStarlight

“Quiet mornings with coffee and charts—now with more choices. New perpetual markets feel like fresh paths in a familiar forest. No rush, just space to explore. Liquidity hums softly beneath, steady as tides. A welcome addition for those who trade with patience and curiosity. More options mean more ways to find rhythm in the flow.”

ThunderFury

“More perpetual markets? Just what we needed—another way to lose money faster. Liquidity’s a joke, fees bleed you dry, and whales manipulate everything. Enjoy the rug.” (127)