---
title: "Hyperliquid coverage"
id: market/hyperliquid
section: market
canonical: https://umbrafeed.com/en/markets/hyperliquid
publisher: Umbra
updated: 2026-08-31
---

# Hyperliquid coverage

On-chain perpetuals with CEX-grade performance

Hyperliquid runs a fully on-chain orderbook for perpetual futures, with no intermediary, no counterparty risk, and no KYC. The exchange processes thousands of orders per second on its own L1 chain, achieving latency and throughput that rivals centralized venues. For arbitrage, Hyperliquid adds a new dimension: DEX futures prices diverge from CEX futures, creating a cross-venue basis trade that didn't exist two years ago.


- Type: DEX chain
- Markets monitored: spot, futures
- Pairs covered: 150+
- Spread types: dex/futures, futures/futures

### Why it matters for spread detection

Hyperliquid's on-chain perpetual prices are set by a different liquidity pool than Binance or Bybit. During volatile moves, Hyperliquid funding rates can spike to 0.1%+ per hour while Binance sits at 0.01%. Umbra monitors Hyperliquid perpetuals against every CEX futures market and alerts you on basis divergences.

### What makes it different

The absence of KYC and the on-chain settlement mean Hyperliquid attracts a different trader demographic, creating persistent price differences against KYC-gated exchanges.

### Features

- Fully on-chain CLOB (Central Limit Order Book)
- Custom L1 with sub-second finality
- No KYC requirement
- Builder perpetuals and vaults

---

Source: https://umbrafeed.com/en/markets/hyperliquid (Umbra, reviewed 2026-08-31). Umbra publishes
read-only market monitoring and data; it holds no funds, connects to no
exchange accounts and places no orders, and nothing here is investment
advice.