Hyperliquid Perpetual · HYPE
Trade the HYPE perpetual on Lighter DEX — zero-fee, USDC-margined, up to 50x leverage on a fully verifiable ZK order book.
Live HYPE candles from Lighter's public API. For trading, verify on app.lighter.xyz.
About Hyperliquid (HYPE)
HYPE is the native token of Hyperliquid, a competing perp DEX. Trade the HYPE perp zero-fee on Lighter — then compare the two exchanges directly.
Trading Hyperliquid Perpetuals on Lighter
On Lighter, Hyperliquid trades as the HYPE perpetual — no expiry, with collateral and PnL settled in USDC. Standard accounts pay 0% maker and taker fees, and Lighter offers up to 50x leverage. Every fill is matched on a fully verifiable ZK order book, so matching and liquidations are proven rather than trusted.
HYPE is the native token of Hyperliquid, a competing perpetuals DEX. If you trade both, see our exchange comparisons to weigh Lighter's zero-fee, verifiable model against the alternatives.
HYPE perps on Lighter are zero-fee for standard accounts, USDC-margined, and matched on a verifiable ZK order book with up to 50x leverage. Sign up with referral code LIGHTERPEDIA for a points boost toward the LIT airdrop.
How to Trade Hyperliquid on Lighter in 4 Steps
- 1Connect a wallet — open app.lighter.xyz and connect MetaMask, Rabby, or any Web3 wallet. No KYC required.
- 2Deposit USDC — fund your account with USDC to use as margin collateral. See our getting-started guide.
- 3Open the HYPE market — select Hyperliquid, choose your leverage (up to 50x), and set your margin mode.
- 4Place your order — market or limit, all zero-fee for standard accounts. Manage risk with stop-loss and take-profit.
Hyperliquid Perpetual — Contract Specs
| Market | HYPE (Perpetual) |
|---|---|
| Margin asset | USDC |
| Maker / taker fee | 0% / 0% (standard account) |
| Max leverage | Up to 50x |
| Order matching | Verifiable ZK order book, settles to Ethereum |
| Settlement | Settled in USDC |
| Sign-up bonus | Points boost with code LIGHTERPEDIA |
Frequently Asked Questions
What does it cost to trade the Hyperliquid perpetual on Lighter?
Standard accounts on Lighter trade the HYPE perpetual at 0% maker and 0% taker fees — it is a zero-fee market. Premium tiers with LIT staked can unlock rebated rates. You still pay network gas on deposits and withdrawals.
What is the maximum leverage for Hyperliquid on Lighter?
Lighter offers up to 50x leverage, with USDC as collateral. The exact cap can vary per market; higher leverage increases both potential returns and liquidation risk, so size positions carefully.
Is the Hyperliquid market on Lighter verifiable?
Yes. Lighter is a fully verifiable ZK order-book DEX — order matching and liquidations are proven with zero-knowledge proofs and settle to Ethereum, so the HYPE market is trust-minimized rather than relying on an opaque matching engine.
Do I need KYC to trade Hyperliquid on Lighter?
No. Lighter is a self-custody DEX — connect a Web3 wallet and trade directly, with no identity verification required. Sign up with referral code LIGHTERPEDIA for a points boost toward the LIT airdrop.
Ready to trade Hyperliquid on Lighter?
Sign up with referral code LIGHTERPEDIA for a sign-up boost in the points program — your path toward the LIT airdrop. Trade the HYPE perpetual zero-fee, USDC-margined, up to 50x leverage on a verifiable ZK order book.
Trade HYPE on Lighter