FX perps on Hyperliquid

Snapshot Tue, 20 Oct 2026 22:07:09 UTC · HIP-3 · 3 markets · deployers XYZ

Currency perpetuals: euro, pound, yen and the dollar index. 3 markets, $58.2M open interest, $4.6M traded in 24h, leverage 50× to 50×.

Open interest

$58.2M

1.5% of all HIP-3

24h volume

$4.6M

notional

Longs paying

33%

of 3 markets with open interest

Largest

$30.4M open interest

Markets

Market	Deployer	Funding 8h	APR	Mark	Open interest	24h volume	Max lev.	Also on
JPY Japanese yen	XYZ	-0.0127%	-13.9%	$158.17	$30.4M	$2.2M	50×	—
EUR Euro (EUR/USD)	XYZ	0.0077%	8.5%	$1.12	$26.8M	$2.3M	50×	Lighter
GBP British pound (GBP/USD)	XYZ	0.0000%	0.0%	$1.34	$1.0M	$142K	50×	Lighter

Positive funding: longs pay shorts; hourly rate × 8. Markets without a link are below the $1M open-interest and volume gate.

How do fx perps work on Hyperliquid?: They are HIP-3 markets: a builder stakes 500,000 HYPE, deploys its own dex on Hyperliquid, defines the contracts and publishes the oracle prices. Positions are cash-settled in USDC and funding is paid every hour, like any Hyperliquid perp.
Which deployers list them?: XYZ. 2 of these assets are also listed on Lighter.
What leverage is available?: 50× to 50× depending on the market; the deployer sets the cap and whether cross margin is allowed.