XPL Perpetual on Hyperliquid
4% fee discount with referral code HYPERLAB
XPL Perpetual on Hyperliquid — price $0.07502 (+4.70% 24h), funding +0.0013%/1h, open interest $52.0M, 24h volume $4.9M. Annualized funding +11.0%. Source: Hyperliquid official · as of 2026-10-28 03:30 UTC
- Trading status
- Live
- Max leverage
- 10×
- Funding settlement
- Hourly (1h)
- Trading hours
- 24/7/365 (no market open or close)
- Daily history since
- 2025-08-22
Contract spec from operator documentation · snapshot as of 2026-10-28 03:30 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/xpl-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
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.
Plasma is a layer-1 blockchain purpose-built for stablecoin payments, designed to move USDT and other dollar-pegged tokens at minimal or zero fees rather than functioning primarily as a general smart-contract platform. XPL serves as the chain's native asset, going toward gas on non-stablecoin transactions, validator staking, and securing the chain's proof-of-stake consensus. Because Plasma's core pitch is payment rails rather than speculation, its price on Hyperliquid can behave differently from ordinary altcoins, often tracking stablecoin adoption metrics and payment-corridor partnerships as much as broader crypto sentiment. Hyperliquid places it in a middle leverage bracket, a level typically reserved for younger networks that haven't yet built up the multi-year trading record of the established majors. Funding on XPL-USD can run noticeably hotter than large-cap pairs when new integrations or exchange listings drive short-term speculative flow. Traders newer to the asset should treat it as an early-stage infrastructure bet rather than a settled, low-volatility holding, and size positions with that in mind.
What is the max leverage available for XPL on Hyperliquid?
XPL-USD perpetuals top out at 10x leverage on Hyperliquid.
What does the Plasma network actually do?
Plasma is a layer-1 chain focused specifically on low-cost stablecoin transfers rather than general-purpose smart contracts, with XPL serving as its gas and staking token.
Should traders expect XPL to swing more than large-cap majors?
Most likely — being a newer, smaller-cap network token, XPL tends to see wider price and funding swings than long-established majors, so position sizing should account for that.
What is the XPL Perpetual funding rate on Hyperliquid?
As of the latest snapshot, XPL Perpetual funding is +0.0013%/1h (≈ +11.0% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 03:30 UTC.
What are XPL Perpetual's 24h volume and open interest?
XPL Perpetual currently has $4.9M in 24h volume and $52.0M in open interest. As of 2026-10-28 03:30 UTC.
What is XPL Perpetual's all-time high on Hyperliquid?
XPL Perpetual's all-time high is $1.800 on 2025-08-26; the all-time low is $0.06008 on 2026-06-10. The 52-week range is $0.06008–$0.39172. As of 2026-10-28 03:30 UTC.
How can I trade XPL Perpetual on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the XPL Perpetual market. Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 10× on this market), so positions can be liquidated — size positions conservatively.