Hyperliquid ETH perpetual market

Published by Perpex · Celebit Ltd

The ETH perpetual tracks Ether price exposure without requiring spot ETH delivery. Public market fields can help compare the derivative with other venues, but a trade also depends on account mode, collateral, order book and current fees.

ETH perpetual

Data fetched: 16 Oct 2026, 06:06:05 UTC

Mark price: $2,443.8
Oracle price: $2,444.41
Current hourly funding rate: 0.0013%
24h notional volume: $1.36B
Open interest (contracts): 1,092,168

Indicative public market data, not an executable quote. Values may change before an order is placed. Hyperliquid public API

Mark / oracle difference: -0.0250%

Current-rate example: $1,000.00 × 0.0013% ≈ $0.0125 per hour.

Positive: longs pay; negative: longs receive. The example uses oracle-valued notional and excludes fees and price changes. The rate may change before settlement; this is not a forecast.

Hyperliquid funding rates: what traders should check

Price references serve different purposes

ETH mark price is relevant to margin and unrealized PnL, while the oracle is used in funding calculations. A gap between them is information about the market, not a guaranteed arbitrage opportunity. Actual execution uses the order book.

Watch funding during longer positions

Funding is paid hourly on Hyperliquid and can switch direction as the premium changes. For a position held across intervals, its cost or receipt may differ from the rate shown now. Fees and slippage remain separate.

Check sizing and replication risk

ETH position size, leverage and margin mode determine exposure. In copy trading, the follower may receive a different entry, miss a fill or be constrained by collateral and limits. Use the live order preview for current account-specific information.

Frequently asked questions

Does an ETH perpetual have an expiry date?

No scheduled expiry. Funding and margin rules continue to matter while the position is open.

Does this page show a firm quote?

No. It shows public context with a fetch time; check the trading screen before placing an order.