What a perpetual pays right now
Tool:get_hyperliquid
It returns annualised funding, open interest, and mark against oracle, from the
latest sample a watcher took. The watcher samples every few minutes.
The answer leads with the age of the sample. When the sample is more than ten
minutes old, the answer says STALE and says the figure is not the rate now.
A reader who sees an hour-old figure presented as live would trade on it, so the
age comes first.
Funding and open interest walks recorded days and
answers whether a carry has been worth having. This answers what it paid at
the last sample, which is the question somebody asks before opening one.
Hyperliquid settles funding hourly: 24 intervals in a day, not
3. An hourly rate read as an 8-hourly one is wrong by a factor of eight,
in the direction that makes a carry look far better than it is.
Who has just been liquidated
Tool:get_liquidations
It returns forced closes as they happened, each with the address it happened
to. No centralised venue publishes that.
Liquidation, not price, is what stops a leveraged hedge hedging. A cluster of
forced closes at a level is the risk a perpetual carries that an option does
not: an option cannot be liquidated, and that difference is most of the reason
to pay for one.
See liquidations for the depth of each.
What an option costs right now
Tool:price_options_live
It reads the real Deribit book, not a daily snapshot. See
pricing against the live book.
A price somebody is about to trade on cannot come from yesterday’s close, so
here an answer that changes between calls is correct.