Hyperliquid

How we read it

Predictmoni watches Hyperliquid outcome markets but does not price them. The status line on the live price-gap board reads "Hyperliquid watched, not priced" ^[5].

What is Hyperliquid?

Hyperliquid is an exchange that lists perpetual futures. Since May 2026 it has also listed outcome markets, which work like prediction market contracts.

Hyperliquid publishes separate fee schedules for perpetuals and spot ^[6]. Hyperliquid outcome markets launched on mainnet on May 2, 2026, under a proposal called HIP-4 ^[1]. The first HIP-4 market was a daily Bitcoin binary ^[1]. Hyperliquid describes outcomes as fully collateralized contracts that settle within a fixed range ^[2]. Hyperliquid outcome markets carry no leverage and no liquidations ^[2]. The outcome markets listed on 2026-09-25 use USDC as the quote token ^[3].

What does "watched, not priced" mean?

The Predictmoni price-gap board reports Hyperliquid in its health strip. It shows no Hyperliquid prices and pairs no Hyperliquid market against another venue.

On the live Predictmoni board, the status line reads "Hyperliquid watched, not priced" ^[5]. No curated pair on Predictmoni uses Hyperliquid. A curated pair is two contracts we have read side by side and judged to settle on the same event. Until a Hyperliquid market passes that check, its price would be a number nobody could verify against the other leg.

What Hyperliquid lists today

On 2026-09-25 the Hyperliquid API listed about 230 outcomes ^[3]. Most were crypto price markets or sports markets ^[3]. A few covered Fed rate decisions and company IPOs ^[3].

About 100 of those Hyperliquid outcomes had a description naming a Hyperliquid perpetual mark price, such as "BTC-USDC mark" ^[3]. Four more were recurring daily binaries on BTC, ETH, SOL and HYPE ^[3]. Many Hyperliquid sports outcomes name an official source, such as ESPN ^[3].

Fees

Hyperliquid publishes outcome-market fee rules in two places ^{[2] [6]}. The two pages state the rule differently, so read both.

What does Hyperliquid charge on outcome markets?

The Hyperliquid HIP-4 page says outcome fees are zero during initial testing. The Hyperliquid fees page says outcome fees apply only when closing or settling.

Under the Hyperliquid fees page, opening an outcome position pays no fee ^[6]. Hyperliquid outcome trading pays no maker rebates ^[6]. For comparison, the Hyperliquid base perpetuals rate is 0.045% for takers and 0.015% for makers ^[6]. Read both Hyperliquid pages before trading, because they state the rule differently.

Hyperliquid fees are not modelled here

No price gap on Predictmoni uses a Hyperliquid leg. A Hyperliquid fee model would change no number we publish, so we have not built one.

Where it appears on this site

Hyperliquid is one of the five venues on the Predictmoni venues page ^[7].

Where does Hyperliquid appear on Predictmoni?

Hyperliquid appears in the health strip of the Predictmoni price-gap board and on the venues pages. No curated pair or price row uses it.

The Predictmoni board reports on Polymarket, Kalshi, Predict.fun, Limitless and Opinion, and lists Hyperliquid beside them as watched ^[5]. The board shows each gap before fees, and whether both contracts settle the same way ^[5]. The prediction market arbitrage page explains how the board finds a gap.

Can I copy-trade Hyperliquid traders on Predictmoni?

Not today. Predictmoni copy trading is live on Polymarket and Predict.fun. The Predictmoni price-gap board watches Hyperliquid but does not price it.

Predictmoni does not copy Hyperliquid traders. On the Predictmoni board, Hyperliquid is watched, not priced ^[5].

Quirks worth knowing

These Hyperliquid details decide whether a Hyperliquid market can be paired with a market elsewhere.

Why can’t a Hyperliquid price market hedge an outside event?

Many Hyperliquid outcomes settle on Hyperliquid’s own perpetual mark price. A bet on one is a bet on that exchange’s price feed, not outside prices.

Hyperliquid recurring binaries settle on a mark price interpolated between the updates just before and just after settlement ^[4]. Many other Hyperliquid outcomes name a Hyperliquid perpetual mark, such as "BTC-USDC mark", in their description ^[3]. A crypto market on another venue may use a different price source, so the two can disagree at the deadline.

What is unclear about Hyperliquid’s Fed rate markets?

The Hyperliquid API names the October 2026 Fed meeting, but its Decrease outcome has no description. It does not say whether Decrease means any cut.

The Hyperliquid question text names the Federal Reserve and the upper bound of the federal funds target range ^[3]. The three Hyperliquid outcome rows, No change, Decrease and Increase, have empty descriptions ^[3]. A cut-size gap is how two "rate cut" contracts settle differently: one pays on any cut, the other only on a cut of one set size.

Two Hyperliquid question sets for one Fed meeting

On 2026-09-25 the Hyperliquid API listed two separate question sets for the October 2026 Fed decision, with different official sources and deadlines.

One Hyperliquid set names federalreserve.gov as its official source and a deadline of 4 November 2026 ^[3]. The other names the Federal Reserve’s Open Market Committee and a deadline of 9 December 2026 ^[3]. Both Hyperliquid sets give 28 October 2026 as the scheduled decision ^[3]. The two sets trade on separate books, so their prices can differ for one decision.