HYPE/USDT
Last updated: 11/2/2026, 5:38:53 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
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 56 hold HYPE: $323.51M long across 21 positions and $430.55M short across 35 positions — net $107.04M short. The nearest tracked liquidation sits 7.1% below the $85.367 Hyperliquid mark and would force-close $16.12M of long exposure. That is the 2026-11-02 13:00 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 | $87.829 | $87.754 | $87.829 |
| OI (USD) | $393.46M | $291.90M | $63.86M |
| OI share | 52.5% | 39.0% | 8.5% |
| OI (tokens) | 4,479,889 | 3,326,598 | 727,079 |
| Funding rate | 0.0050% | — | — |
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. These perpetuals trade alike, so their leverage tends to build and unwind the way HYPE's does:
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 7.1% below the $85.367 Hyperliquid mark and would force-close $16.12M of long exposure. On the other side, $11.07M of shorts liquidate 16.6% above that same mark. Across the exchanges we aggregate, $665.6K 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 $749.22M: $393.46M on Binance (53%), $291.90M on Bybit (39%) and $63.86M on KuCoin (9%). That position base is +0.9% over 24 hours and +15.1% over the last week. Open interest is 1.69× the pair's 24-hour volume, so positions are being held rather than churned.
What is HYPE's funding rate?
Binance settles HYPEUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.
Are whales long or short HYPE?
Among the ~500 largest Hyperliquid accounts we track, 56 hold positions of $100k or more in HYPE: $323.51M long across 21 and $430.55M short across 35 — a net $107.04M short. At the start of the tracked week that net figure was $65.25M 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 0.024 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 ($21.17B of market cap against $749.22M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($665.6K 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, 82% of the HYPE notional that got liquidated was long positions and 18% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 38th 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 0.024 out of 1.0 (low risk), $749.22M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.