HYPE/USDT
Last updated: 9/15/2026, 4:40:08 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Recent track record
20/40 correctThis pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 59 hold HYPE: $332.68M long across 29 positions and $356.75M short across 30 positions — net $24.07M short. The nearest tracked liquidation sits 8.9% below the $77.169 Hyperliquid mark and would force-close $106.52M of long exposure. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $79.352 | $79.34 | $79.352 |
| OI (USD) | $305.64M | $258.33M | $40.88M |
| OI share | 50.5% | 42.7% | 6.8% |
| OI (tokens) | 3,851,740 | 3,256,030 | 515,149 |
| Funding rate | -0.0015% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
HYPE sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way HYPE's does:
- CVX0.04-4.2%
- 1MBABYDOGE0.04-0.9%
- XMR0.04-1.8%
- TIA0.04-1.6%
- GRT0.04-5.7%
- ICP0.01-4.0%
- NMR0.12-3.7%
- HEI0.33+1.1%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
HYPE perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are HYPE's current liquidation levels?
On Hyperliquid, where HYPE whale positions are visible address by address, the nearest tracked liquidation sits 8.9% below the $77.169 Hyperliquid mark and would force-close $106.52M of long exposure. On the other side, $21.21M of shorts liquidate 26.8% above that same mark. Across the exchanges we aggregate, $762.5K of HYPE positions were actually liquidated in the last 24 hours.
How much open interest does HYPE have right now?
Aggregated open interest in HYPE perpetuals is $604.85M: $305.64M on Binance (51%), $258.33M on Bybit (43%) and $40.88M on KuCoin (7%). That position base is -1.8% over 24 hours and -13.9% over the last week. Open interest is 0.96× the pair's 24-hour volume, so positions are turning over faster than the book itself.
What is HYPE's funding rate?
Binance settles HYPEUSDT funding at -0.0015% every 8 hours, which annualises to roughly -1.6%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $0.44 a day to stay open.
Are whales long or short HYPE?
Among the ~500 largest Hyperliquid accounts we track, 59 hold positions of $100k or more in HYPE: $332.68M long across 29 and $356.75M short across 30 — a net $24.07M short. At the start of the tracked week that net figure was $82.74M short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and HYPE is one of them.
Is HYPE over-leveraged right now?
HYPE's leverage-stress score is 0.042 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($17.65B of market cap against $604.85M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($762.5K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has HYPE seen heavy liquidations lately?
Over the last 30 complete days, 55% of the HYPE notional that got liquidated was long positions and 45% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 37th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
HYPE/USDT (HYPEUSDT) perpetual futures shows a leverage-stress score of 0.042 out of 1.0 (low risk), $604.85M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0015% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.