About Hyperliquid
Why Hyperliquid matters for spread trading
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.
Key Features
Hyperliquid at a glance
Fully on-chain CLOB (Central Limit Order Book)
Custom L1 with sub-second finality
No KYC requirement
Builder perpetuals and vaults
Arbitrage Monitoring
How CryptoGrind monitors Hyperliquid
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%. CryptoGrind monitors Hyperliquid perpetuals against every CEX futures market and alerts you on basis divergences.
Unique Edge
What makes Hyperliquid 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.
Spread Types
Supported spread types on Hyperliquid
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