UETH/USDC on Hyperliquid

Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).

Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.

Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.

Where the ETH perpetual delivers leveraged, funding-rate exposure to Ethereum's price, UETH takes a different route entirely: native ETH gets locked through Hyper Unit, and an equivalent balance shows up on HyperCore's spot books, ready to be used inside HyperEVM contracts as well. This listing sits apart from Ethereum's derivatives market — UETH carries full backing as a spot-settled token, built for traders who want ETH-denominated collateral, transferable value, or DeFi composability rather than a directional futures position tied to funding payments. The catch is that every mint and burn passes through Hyper Unit's guardian network, an operational dependency that has nothing to do with Ethereum's own consensus or price behavior, yet still needs to function correctly for UETH to track properly. Given that trading here typically represents only a slice of what flows through the ETH perpetual, expect a shallower book and plan for more price impact on anything beyond a modest order.