Ethereum perpetuals on Hyperliquid offer the deepest on-chain ETH liquidity, with $1B+ in daily volume and massive open interest. Trade ETH with up to 50x leverage on a fully decentralized order book.
Hyperliquid's ETH perps provide a transparent on-chain order book without a central counterparty. Every order, fill, and liquidation is verifiable on-chain. Your funds remain in self-custody at all times.
ARX enhances your ETH trading with real-time whale positioning data, funding rate alerts, and market regime detection — tools that give you an edge.
Hyperliquid regularly handles $1B+ in daily ETH perpetual volume, making it one of the most liquid on-chain ETH perpetual markets.
ETH funding rates are calculated every hour. When rates are positive, longs pay shorts. When negative, shorts pay longs. Extreme funding rates often signal upcoming price reversals.
Static figures on this page are a build-time snapshot (as of 2026-07-06); after load, the page overlays live market data from the Connected Protocol.