What Is HIP-4? Hyperliquid Outcome Markets Explained
HIP-4 brings outcome-market primitives to Hyperliquid. Searchers often compare it with Polymarket, but the key idea is a bounded payoff contract that settles based on a defined outcome.
Direct answer
HIP-4 is Hyperliquid's outcome-market framework. Instead of a perpetual contract with funding and liquidation mechanics, an outcome market is built around a defined event or condition and a bounded payoff. It can resemble a prediction market in search results, but the contract rules, settlement source, collateral, and venue access decide the actual risk.
What makes outcomes different
- The payoff is bounded by the contract terms.
- There is usually a defined expiry or settlement event.
- The market price can be read as an implied probability only after considering fees, spreads, and settlement risk.
- There is no simple one-to-one mapping between outcome markets and vanilla options.
Live HIP-4 contract board
Public Hyperliquid contract metadata and raw Yes/No side mids. A side mid is a market price, not a verified probability or forecast.
Resolution rules require a separate check
The public response currently provides class, target or thresholds, expiry, side labels, and mids for 307 contracts, but not the full oracle and comparison rule. HypeBasis shows those raw fields while withholding verified-probability labels and contract-specific EV links.
Standalone binary contracts
Each row uses the target, expiry, side labels, and mids returned for the current contract id.
template:binaryPrice#20835 · USDC · Not suppliedtemplate:Yes mid0.4913template:No mid0.5087
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.4913 to 0.4913 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#25337 · USDC · Not suppliedtemplate:Yes mid0.4942template:No mid0.5058
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.4942 to 0.4942 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#23745 · USDC · Not suppliedtemplate:Yes mid0.1879template:No mid0.8121
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- +0.9 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.1794 to 0.1879 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#23753 · USDC · Not suppliedtemplate:Yes mid0.0446template:No mid0.9554
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- +0.8 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.0362 to 0.0446 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:priceTouch#22102 · USDC · Not suppliedtemplate:Yes mid0.2182template:No mid0.7818
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.2182 to 0.2182 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:companyIpoFirstDayMarketCap#19821 · USDC · Not suppliedtemplate:Yes mid0.7524template:No mid0.2476
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.7524 to 0.7524 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#23997 · USDC · Not suppliedtemplate:Yes mid0.4465template:No mid0.5535
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- +7.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.3767 to 0.4465 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#23733 · USDC · Not suppliedtemplate:Yes mid0.1150template:No mid0.8850
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- -0.8 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.1226 to 0.1150 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:binaryPrice#20838 · USDC · Not suppliedtemplate:Yes mid0.5047template:No mid0.4953
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. template:Yes mid moved from 0.5047 to 0.5047 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
BTC target 80,371#25660 · USDC · Nov 6, 06:00 UTCYes mid0.5170No mid0.4830
The public metadata provides the contract class, target, and expiry, but not the full oracle or comparison rule. HypeBasis shows raw side mids while withholding probability and contract-specific EV tools.
- Target
- 80,371
- Expiry
- Nov 6, 06:00 UTC
- Pair sum
- 100.0%
- Side-price change
- +2.2 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.4951 to 0.5170 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:sportsContestResult
Threshold order and linked contract ids come from the public question record. Range labels and the fallback resolution rule are not inferred.
Named outcome 1#23291 · USDC · Not suppliedYes mid0.5893No mid0.4107
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- +0.1 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.5885 to 0.5893 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Named outcome 2#23292 · USDC · Not suppliedYes mid0.2145No mid0.7855
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- -0.1 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.2154 to 0.2145 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Named outcome 3#23293 · USDC · Not suppliedYes mid0.1941No mid0.8059
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.1944 to 0.1941 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Fallback outcome#23290 · USDC · Not suppliedYes mid0.5000No mid0.5000
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.5000 to 0.5000 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
template:sportsContestResult
Threshold order and linked contract ids come from the public question record. Range labels and the fallback resolution rule are not inferred.
Named outcome 1#24941 · USDC · Not suppliedYes mid0.5685No mid0.4315
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.5685 to 0.5685 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Named outcome 2#24942 · USDC · Not suppliedYes mid0.2357No mid0.7643
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.2357 to 0.2357 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Named outcome 3#24943 · USDC · Not suppliedYes mid0.1943No mid0.8057
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.1943 to 0.1943 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
Fallback outcome#24940 · USDC · Not suppliedYes mid0.5000No mid0.5000
The public metadata does not provide a complete underlying, target, expiry, resolution rule. HypeBasis withholds probability tools until the contract can be explained without guessing.
- Target
- Not supplied
- Expiry
- Not supplied
- Pair sum
- 100.0%
- Side-price change
- 0.0 pts since earlier price
Yes and No mids sum to 100.0%, so the displayed side prices are internally close. Yes mid moved from 0.5000 to 0.5000 since 2026-11-05T09:17:58.415Z.
Live liquidity check
Inspect both outcome-token books and a 1,000 quote-token mid-notional visible-fill check before relying on the displayed mids.
Requested only when you click. No wallet connection or order is created.
The concise board starts with 10 of 168 standalone contracts and 2 of 30 grouped questions. Expand only when you need the full contract inventory.
Related tools
Sources
3 references · ExpandCollapse
- Hyperliquid Docs: Info endpointAccessed 2026-09-04Supports: Public info endpoint families used for market, book, candle, account, portfolio, native borrow/lend reserve, vaultDetails, userFees account-rate, and maxBuilderFee approval reads.
- Hyperliquid Docs: Contract specificationsAccessed 2026-09-04Supports: Perpetual contract units, USDC margining, margin fractions, funding versus expiration, and order value limits.
- QuickNode Docs: Hyperliquid outcome market metadataAccessed 2026-05-30Supports: Hyperliquid outcome metadata endpoint shape and technical interpretation boundaries.