This recap is a snapshot of the crypto perpetual futures market on Hyperliquid, the market data our terminal prices from, taken on 28 September 2026. Every market figure below is read straight from Hyperliquid's public API.
How to read this recap
Every figure is a 24-hour reading, not a full week, and prices will have moved since. The columns:
- Price: Hyperliquid's mark price at the moment of the snapshot.
- 24h change: the change from the price 24 hours earlier.
- 24h volume: the dollar value traded over those 24 hours.
- Funding (1h): the hourly funding rate at that moment.
Volume matters as much as the move. A thin market can jump 20% on a few million dollars of trading; the same move on a heavily traded market carries more weight. That is why the movers below come from the 40 most liquid markets.
The big picture
Hyperliquid perps traded $4.08B in the last 24 hours across 178 markets. Bitcoin was at $84,356 (+0.07% on the day) and Ether at $2,685 (-0.26%).
Most traded markets
| Market | Price | 24h change | 24h volume |
|---|---|---|---|
| BTC-PERP | $84,355.80 | +0.07% | $1.24B |
| ETH-PERP | $2,685.40 | -0.26% | $601.8M |
| ZEC-PERP | $1,576.60 | -4.17% | $349.8M |
| NEAR-PERP | $5.34 | +6.10% | $304.1M |
| HYPE-PERP | $91.37 | -1.17% | $257.0M |
| SOL-PERP | $121.67 | +0.47% | $225.2M |
| XRP-PERP | $1.51 | -0.58% | $161.6M |
| PUMP-PERP | $0.0051 | +15.87% | $105.5M |
| ENA-PERP | $0.2707 | +0.14% | $82.8M |
| WLD-PERP | $0.5407 | +3.13% | $81.0M |
Biggest movers among the 40 most liquid
Up the most
| Market | Price | 24h change | 24h volume |
|---|---|---|---|
| W-PERP | $0.0158 | +20.14% | $7.7M |
| PUMP-PERP | $0.0051 | +15.87% | $105.5M |
| SUI-PERP | $1.27 | +8.91% | $51.0M |
| JUP-PERP | $0.3684 | +8.73% | $12.0M |
| ONDO-PERP | $0.5786 | +8.08% | $30.4M |
Down the most
| Market | Price | 24h change | 24h volume |
|---|---|---|---|
| PONS-PERP | $0.5723 | -10.16% | $20.8M |
| CASHCAT-PERP | $0.1716 | -5.79% | $7.9M |
| XPL-PERP | $0.1058 | -4.74% | $67.6M |
| LIT-PERP | $4.62 | -4.28% | $20.5M |
| ZEC-PERP | $1,576.60 | -4.17% | $349.8M |
W's +20.14% came on $7.7M of volume; PUMP's +15.87% came on $105.5M.
Where funding is running hot
Funding is what longs and shorts pay each other every hour to keep the perp price near spot. Unusually high funding means one side is crowded, which is often where squeezes start.
| Market | Price | 24h change | 24h volume | Funding (1h) |
|---|---|---|---|---|
| MON-PERP | $0.0283 | +6.16% | $12.8M | 0.0132% |
| GRAM-PERP | $1.62 | +1.02% | $24.7M | 0.0100% |
| JUP-PERP | $0.3684 | +8.73% | $12.0M | 0.0076% |
| WLD-PERP | $0.5407 | +3.13% | $81.0M | 0.0051% |
| ZRO-PERP | $1.65 | +3.48% | $13.1M | 0.0039% |
A positive rate means longs pay shorts; a negative rate means shorts pay longs. All five above are positive, so longs were paying. Hyperliquid settles funding every hour: the payment is the position's value times the hourly rate.
Illustrative only, if MON's 0.0132% hourly rate held (rates rarely do):
- Per day: 0.0132% × 24 = 0.3168%.
- Annualised: 0.0132% × 8,760 hours = about 115.6%.
- On a $10,000 long: $1.32 an hour, or $31.68 a day.
Managing risk on volatile perps inside a prop evaluation
Our 1 Step Classic evaluation asks for a 10% profit target while staying inside a 2% daily loss limit and a 6% max drawdown. There are no minimum trading days and no time limit, and leverage goes up to 10x per position, or the market's own cap if lower. Details are in our trading rules. On a $10,000 account, the daily limit is 200 USDT and the max loss 600 USDT.
- Size from the limit, not the leverage. At the full 10x, a $100,000 position loses 600 USDT on a 0.6% move against you: the entire max loss.
- Respect what these markets do. W rose 20.14% in 24 hours. A 20% move against a $10,000 position is a $2,000 loss, more than three times the max loss.
- Use the lack of a clock. With no time limit, skipping an erratic day costs nothing.
Funded accounts use the same rules; you keep 80% of the profit, paid in USDT on Arbitrum straight to your own wallet. See how payouts work and the account sizes on pricing.
Trading it with MyPropCapital
Every market above is live in the MyPropCapital terminal, 24/7. Practise on a free demo, or pass one evaluation to unlock a funded account: there are no minimum trading days, and payouts go straight to your own wallet.
This is market data, not investment advice. Leveraged derivatives carry substantial risk.
