Hyperliquid Open Interest, OI Caps & History
Venue open interest by market (not HYPE token data): the USD value of open positions in every Hyperliquid perpetual, native crypto and HIP-3 stock and commodity markets, with each market's share of Hyperliquid OI, how much of its OI cap is in use (and which markets are at the cap right now), total Hyperliquid OI history, and the biggest OI risers and fallers. For OI next to Binance and Bybit, see the open interest page; for every exchange's coins and Hyperliquid's gold and stock perps on one grid, the open interest heatmap.
Hyperliquid has $6.44B of open interest across 349 perps: $4.13B on native crypto perps and $2.31B (35.9%) on HIP-3 markets. BTC alone accounts for 22.4% of it ($1.44B). The biggest 1h OI move among markets with $1M+ OI is xyz:NBIS, whose open interest rose 31.25% ($5.51M). No HIP-3 market is above 80% of its OI cap; the closest is io:ANTH at 73%.
Hyperliquid open interest by market
Top 50 by OI| # | Market | Open interest | Share | OI 1h | OI 4h | OI 24h | Price 24h | Cap use | Max lev. | Vol 24h |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | $1.44B | 22.4% | -1.81% | -1.20% | -5.38% | -1.67% | — | 40× | $2.77B |
| 2 | ETH | $751.02M | 11.7% | -3.88% | -3.09% | -5.77% | -2.13% | — | 25× | $1.01B |
| 3 | HYPE | $750.60M | 11.7% | +0.36% | -1.68% | -4.00% | -3.54% | — | 10× | $318.08M |
| 4 | NVDAtrade.xyz | $265.68M | 4.1% | +0.37% | -11.25% | +35.94% | -9.43% | 66% | 20× | $1.36B |
| 5 | SP500trade.xyz | $226.79M | 3.5% | -1.45% | -1.84% | +7.68% | -0.47% | 36% | 50× | $352.50M |
| 6 | ZEC | $186.44M | 2.9% | -2.02% | -6.73% | -6.53% | -2.79% | — | 10× | $329.04M |
| 7 | SOL | $178.27M | 2.8% | -1.44% | -2.23% | -6.62% | -3.28% | — | 20× | $178.08M |
| 8 | BRENTOILtrade.xyz | $150.88M | 2.3% | +1.81% | +2.14% | -5.44% | +0.77% | 40% | 20× | $117.93M |
| 9 | GOLDtrade.xyz | $146.83M | 2.3% | -0.96% | -0.85% | -1.52% | -3.22% | 39% | 25× | $75.27M |
| 10 | SKHXtrade.xyz | $145.45M | 2.3% | -2.88% | -4.14% | -11.33% | -4.94% | 29% | 10× | $397.66M |
| 11 | XYZ100trade.xyz | $106.82M | 1.7% | -1.02% | +0.12% | +2.00% | -1.05% | 21% | 30× | $432.53M |
| 12 | ANTHEntropyIO | $100.57M | 1.6% | -0.45% | -0.42% | +0.83% | -2.09% | 73% | 15× | $40.71M |
| 13 | SILVERtrade.xyz | $95.43M | 1.5% | -1.71% | -4.67% | -6.43% | -4.12% | 38% | 25× | $80.84M |
| 14 | GOOGLtrade.xyz | $82.98M | 1.3% | -1.02% | -1.94% | -6.44% | +0.20% | 33% | 20× | $73.41M |
| 15 | MUtrade.xyz | $77.82M | 1.2% | -1.52% | -2.54% | -6.79% | -0.91% | 31% | 10× | $180.68M |
| 16 | CLtrade.xyz | $73.78M | 1.1% | +4.92% | +5.07% | -0.28% | -0.09% | 15% | 20× | $132.26M |
| 17 | SPCXtrade.xyz | $71.05M | 1.1% | -0.55% | -0.13% | +1.55% | -5.22% | 19% | 20× | $166.04M |
| 18 | NEAR | $70.52M | 1.1% | -1.58% | -3.33% | -9.63% | -9.76% | — | 10× | $56.55M |
| 19 | XMR | $70.51M | 1.1% | -2.43% | -0.70% | +1.22% | -6.91% | — | 5× | $41.13M |
| 20 | SKHYtrade.xyz | $59.13M | 0.9% | +1.03% | -0.89% | -1.27% | -3.34% | 30% | 10× | $72.60M |
| 21 | ANTtrade.xyz | $52.90M | 0.8% | -0.76% | -0.33% | -3.02% | -2.58% | 71% | 10× | $46.79M |
| 22 | LIT | $51.95M | 0.8% | -1.15% | -4.78% | -12.21% | -9.50% | — | 5× | $21.49M |
| 23 | SNDKtrade.xyz | $48.05M | 0.7% | +0.32% | -2.72% | -29.46% | -2.41% | 19% | 10× | $228.53M |
| 24 | XRP | $45.05M | 0.7% | -1.39% | -3.52% | -11.35% | -2.46% | — | 20× | $51.75M |
| 25 | INTCtrade.xyz | $43.69M | 0.7% | -0.42% | -1.61% | -14.43% | -2.51% | 25% | 10× | $50.88M |
| 26 | AAPLtrade.xyz | $42.37M | 0.7% | +0.12% | -0.29% | +9.30% | +2.75% | 42% | 20× | $34.58M |
| 27 | CRCLtrade.xyz | $38.18M | 0.6% | +0.45% | -1.04% | -2.00% | -2.24% | 31% | 10× | $20.64M |
| 28 | DRAMtrade.xyz | $37.54M | 0.6% | -1.75% | -3.68% | -10.15% | -2.75% | 30% | 20× | $107.43M |
| 29 | ENA | $26.02M | 0.4% | -0.80% | -2.72% | -12.55% | -9.15% | — | 10× | $14.66M |
| 30 | UNI | $25.58M | 0.4% | -2.66% | -4.20% | -20.24% | -6.96% | — | 10× | $24.41M |
| 31 | VVV | $25.56M | 0.4% | -0.63% | -3.96% | -3.94% | -3.24% | — | 3× | $6.42M |
| 32 | METAtrade.xyz | $25.37M | 0.4% | -0.37% | -0.53% | -3.35% | -4.16% | 17% | 20× | $23.56M |
| 33 | PUMP | $25.08M | 0.4% | +2.17% | -0.55% | -12.60% | -6.97% | — | 10× | $36.34M |
| 34 | SMSNtrade.xyz | $23.90M | 0.4% | -2.31% | -2.85% | -8.06% | -1.90% | 19% | 10× | $61.14M |
| 35 | NBIStrade.xyz | $23.14M | 0.4% | +31.25% | +36.12% | +68.39% | -14.22% | 31% | 10× | $138.08M |
| 36 | DOGE | $22.19M | 0.3% | -1.75% | -3.30% | -6.71% | -3.65% | — | 10× | $12.78M |
| 37 | LINK | $22.12M | 0.3% | -1.02% | -2.86% | -6.26% | -4.12% | — | 10× | $7.00M |
| 38 | PEPE | $21.98M | 0.3% | -2.24% | -2.92% | -29.78% | -13.02% | — | 10× | $46.00M |
| 39 | AAVE | $21.26M | 0.3% | -1.08% | -4.71% | -10.23% | -10.50% | — | 10× | $7.20M |
| 40 | AMDtrade.xyz | $21.03M | 0.3% | -8.12% | -14.97% | +87.32% | +2.89% | 42% | 10× | $214.46M |
| 41 | TSLAtrade.xyz | $20.87M | 0.3% | -0.35% | +1.10% | -8.57% | -0.12% | 21% | 20× | $38.36M |
| 42 | ZRO | $20.50M | 0.3% | -1.82% | -3.58% | -7.37% | -3.26% | — | 5× | $5.82M |
| 43 | MSTRtrade.xyz | $18.40M | 0.3% | -0.72% | -3.61% | -5.97% | -6.54% | 25% | 10× | $25.69M |
| 44 | SOXLtrade.xyz | $17.47M | 0.3% | -29.76% | -26.98% | -15.98% | -6.93% | 23% | 10× | $441.68M |
| 45 | BNB | $17.45M | 0.3% | -2.25% | -3.33% | -3.96% | -3.74% | — | 10× | $5.48M |
| 46 | XPL | $17.27M | 0.3% | -2.24% | -2.88% | -10.57% | -10.59% | — | 10× | $6.17M |
| 47 | JPYtrade.xyz | $17.11M | 0.3% | +0.03% | -0.07% | +2.56% | +0.31% | 34% | 50× | $4.82M |
| 48 | WLD | $16.60M | 0.3% | -0.05% | -1.77% | -7.78% | -5.06% | — | 10× | $11.68M |
| 49 | CXMTtrade.xyz | $16.53M | 0.3% | -0.27% | -1.03% | -7.44% | -3.42% | 13% | 10× | $22.93M |
| 50 | NATGAStrade.xyz | $16.05M | 0.2% | +1.16% | -1.32% | -18.59% | +0.41% | 32% | 10× | $36.47M |
At the OI cap right now
≥ 99% of cap usedNo HIP-3 market is at its OI cap right now; the closest is io:ANTH at 73%. Caps are published per market for HIP-3 markets only; native perps' limits are set by the protocol and aren't listed here.
HIP-3 markets closest to their OI cap
≥ 50% of cap used| Market | Open interest | OI cap | Cap use | OI 1h | Price 24h | Max lev. |
|---|---|---|---|---|---|---|
| ANTHEntropyIO | $100.57M | $275.00M | 73% | -0.45% | -2.09% | 15× |
| ANTtrade.xyz | $52.90M | $150.00M | 71% | -0.76% | -2.58% | 10× |
| NVDAtrade.xyz | $265.68M | $800.00M | 66% | +0.37% | -9.43% | 20× |
| OAIEntropyIO | $3.83M | $12.00M | 64% | -0.08% | -1.39% | 6× |
A market at its cap accepts no new positions that would add to open interest until OI falls. 0 markets are at 80% or more.
Hyperliquid open interest history
USD, all perps · HIP-3 belowLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Last seven completed UTC days
Last recorded hourly bucket for each date, in one-sided USD open interest. These are bucket-start timestamps, not exact midnight closes or daily averages. Each bucket sums the markets recorded in it; hourly bucket coverage does not prove every market was present. Missing splits remain unavailable.
| UTC date | Last recorded hourly bucket | Native USD | HIP-3 USD | Total USD | Recorded / expected hours |
|---|---|---|---|---|---|
| 2026-11-11 | 2026-11-11 23:00 UTC | $4.28B | $2.33B | $6.61B | 24/24 |
| 2026-11-10 | 2026-11-10 23:00 UTC | $4.36B | $2.25B | $6.61B | 24/24 |
| 2026-11-09 | 2026-11-09 23:00 UTC | $4.60B | $2.28B | $6.89B | 24/24 |
| 2026-11-08 | 2026-11-08 23:00 UTC | $4.80B | $2.25B | $7.06B | 24/24 |
| 2026-11-07 | 2026-11-07 23:00 UTC | $5.08B | $2.23B | $7.31B | 24/24 |
| 2026-11-06 | 2026-11-06 23:00 UTC | $5.19B | $2.22B | $7.42B | 24/24 |
| 2026-11-05 | 2026-11-05 23:00 UTC | $5.02B | $2.34B | $7.36B | 24/24 |
Biggest OI increases, 1h
≥ $1M OI| Market | OI change | USD | Price | Reading |
|---|---|---|---|---|
| NBIStrade.xyz | +31.25% | $5.51M | -8.06% | New shorts |
| JP225trade.xyz | +22.09% | $253K | -0.52% | New shorts |
| GRAM | +18.23% | $1.61M | +1.88% | New longs |
| ORCLtrade.xyz | +9.24% | $520K | -0.95% | New shorts |
| PLTRtrade.xyz | +8.91% | $244K | +0.05% | — |
| MEGA | +6.69% | $251K | +6.40% | — |
| CLtrade.xyz | +4.92% | $3.46M | +1.33% | New longs |
| APT | +3.47% | $72K | -0.79% | New shorts |
| PLATINUMtrade.xyz | +2.82% | $35K | +0.14% | New longs |
| TIA | +2.44% | $65K | +1.84% | New longs |
Biggest OI drops, 1h
≥ $1M OI| Market | OI change | USD | Price | Reading |
|---|---|---|---|---|
| SOXLtrade.xyz | -29.76% | -$7.40M | -2.41% | Long unwinding |
| NBISEntropyIO | -10.06% | -$350K | -8.09% | Long unwinding |
| AMDtrade.xyz | -8.12% | -$1.86M | -1.22% | Long unwinding |
| WIF | -7.74% | -$124K | -0.20% | Long unwinding |
| CRWVtrade.xyz | -5.97% | -$275K | -1.81% | Long unwinding |
| ICP | -5.11% | -$66K | -1.83% | Long unwinding |
| ETHFI | -3.95% | -$223K | -0.92% | Long unwinding |
| ETH | -3.88% | -$30.29M | -0.48% | Long unwinding |
| AERO | -3.81% | -$403K | -3.10% | Long unwinding |
| ADA | -3.73% | -$471K | -0.56% | Long unwinding |
Open interest by dex
Stock perps →| Dex | Markets | Open interest | Share of HL | Share of HIP-3 | Vol 24h | Largest market |
|---|---|---|---|---|---|---|
| Native perps | 179 | $4.13B | 64.1% | — | $5.15B | BTC $1.44B |
| trade.xyz xyz | 121 | $2.19B | 34.0% | 94.6% | $5.41B | NVDA $265.68M |
| EntropyIO io | 15 | $117.44M | 1.8% | 5.1% | $106.76M | ANTH $100.57M |
| Paragon para | 33 | $7.66M | 0.1% | 0.3% | $6.70M | TTWO $1.59M |
| Markets by Kinetiq mkts | 1 | $94K | 0.0% | 0.0% | $28K | BVIV $94K |
Hyperliquid open interest FAQ
What is Hyperliquid open interest?
The total value of open positions in a Hyperliquid perpetual, counting one side (every long has a matching short). It is exchange data for each market, not data about the HYPE token. Right now that adds up to $6.44B across 349 markets.
What is the Hyperliquid open interest cap?
A limit on how much open interest a perp market can hold. Each HIP-3 market has a cap in USD set by its deployer and published in Hyperliquid's public market data, on top of dex-wide limits; native perps have limits set by the protocol, which that data doesn't list per market, so they show "—" here. Cap use on this page is the market's OI divided by its cap: markets using 80% or more are flagged as near the cap, and 99% or more as at the cap.
What happens when a market hits its OI cap?
Orders that would add to open interest are rejected until OI falls back under the cap; orders that reduce or close positions still go through, so traders can always exit. Price, funding and trading otherwise carry on as normal. Right now no HIP-3 market is at its cap.
How is USD open interest computed?
Hyperliquid reports open interest in coins; this page multiplies it by the mark price. That means USD OI also moves with price, so the risers and fallers tables show the price change next to the OI change, and the position label (new longs, new shorts, short covering, long unwinding) uses the OI change with the price move taken out.
Why do some changes show "—"?
OI changes come from 5-minute snapshots this site records itself, so for a new market the 1h, 4h and 24h columns fill in once that much history exists. Cap use and leverage show "—" until Hyperliquid's market details have loaded, or when a market has no published cap.