Keep product categories separate
The guide hub is organized to avoid flattening different risks into one bucket. Pick the product first, then the exact question.
- Perpetual futures, stock perps, options, and outcome contracts are separate product types.
- Synthetic stock perps are derivative exposure, not shares or equity ownership.
- Outcome contracts and options have different payoff, expiry, settlement, and eligibility questions.
- Restricted-jurisdiction pages are informational and should not be treated as access instructions.
Start here
Pick the path that matches the job in front of you. The full guide library stays below for deeper reference.
New to Hyperliquid
Start with fees
Understand the explicit cost stack before comparing markets or calculators.
Active trader
Open market data
Scan funding, OI, volume, spread, liquidity, and setup context together.
Advanced products
Check product risk
Separate synthetic stock perps, options, and outcome contracts before trading.
Fees and getting started
Use these when the question is whether Hyperliquid fits your account, cost structure, or transfer workflow.
Market data and risk
Use these once you are comparing active markets, funding pressure, open interest, and execution risk.
Data dictionary
Definitions for mark, oracle, funding, OI, volume, spread, and stale states.
Sources and corrections
How HypeBasis sources claims, sets review cadence, and handles corrections.
Funding dashboard
Live funding rates, extremes, and annualized context.
Funding rates explained
Hourly mechanics, the rate formula, and carry-cost math.
Open interest
Find the largest markets by open interest.
Risk disclaimer
Liquidation, funding, slippage, oracle, and protocol risk.
Jurisdiction and access
Use these before promotion or access decisions. Restricted-region pages stay informational only.
Stock perps, outcomes, and options
Use these for synthetic products where payoff, oracle, settlement, and ownership assumptions are easy to mix up.
Synthetic stocks
Start with the product overview, then check ownership, funding, basis, and HIP-3 market structure.
Stock perps
Synthetic stock exposure, not equity ownership.
Stock perp markets
Live HIP-3 stock-perp screener by volume, OI, DEX, and funding.
Are stock perps real stocks?
Ownership, voting, dividends, and derivative exposure.
Stock perps vs stocks
Traditional equity ownership versus synthetic perp exposure.
Stock perps vs CFDs
Compare synthetic exposure, leverage, carry, and venue risk.
Stock perp funding risk
Funding, basis, oracle, liquidity, and market-hour mismatch.
HIP-3
Builder-deployed perps, deployment risk, and market structure.
Outcome markets
Start with binary payoff mechanics, then compare outcomes with options and prediction-market venues.
Options basics
Start with calls and puts, then move into Greeks, implied volatility, and payoff calculators.