Derivatives State (Hyperliquid)
Derivatives· DE: Derivate-Zustand (Hyperliquid)
How much leverage sits in a perpetual market, measured against its own history: 7-day funding (annualized), open interest and the perp premium for the top 20 Hyperliquid perps by open interest, each with an expanding percentile and its sample size. Descriptive only — no state labels such as overheated or squeeze until a pre-registered study supports them.
Calculation
Per coin: funding_7d_annualized = sum of the last 7 complete UTC-day funding rates × 365/7; OI change in coin units over 1/7/30 days against the snapshot exactly that many days earlier; percentiles expanding per point (past only), null below n = 90.
Unit & source
mixed · Hyperliquid info API (fundingHistory, metaAndAssetCtxs) — DATA_LICENSES §7k
Related terms
Knowledge objects measuring this
- Derivatives State· AAVE→
- Derivatives State· BTC→
- Derivatives State· DOGE→
- Derivatives State· ENA→
- Derivatives State· ETH→
- Derivatives State· HYPE→
- Derivatives State· LINK→
- Derivatives State· LIT→
- Derivatives State· NEAR→
- Derivatives State· PUMP→
- Derivatives State· SOL→
- Derivatives State· SUI→
- Derivatives State· TAO→
- Derivatives State· UNI→
- Derivatives State· VVV→
- Derivatives State· WLD→
- Derivatives State· XPL→
- Derivatives State· XRP→
- Derivatives State· ZEC→
- Derivatives State· ZRO→
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.