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Liquid
Part of Hyperliquid
Liquid is a trading front end offering long/short leveraged exposure across a very wide market range - equities, private companies, commodities, FX and crypto - routing orders to Hyperliquid and Ostiu
Credits
3
per $10k volume
- Pairs
- 178
- Max Leverage
- 40x
Asset Categories
- Crypto
- Indexes
- Pre IPO Equity
- Prediction Markets
- Stocks
Deposit Networks
Hyperliquid L1
Hyperliquid L1Protocol Info
Launch Date
Aug 5, 2025
Raised
$25.0M
Last Audit
Aug 28, 2025
Restricted Regions
No Restrictions
Trading and orders
Markets, leverage and the controls available before you enter a position.
- Order Matching Model
- Off-chain Clob
- Max Leverage
- 100
- Margin Modes
- Isolated Cross
- Supported Order Types
- Stop Orders, TWAP, Maker Rebates
- TP/SL on Entry
- Yes
- Market Hours
- Continuous 24 7
Costs and funding
Trading charges, discounts and the cost of keeping a position open.
- Trading fee model
- Maker/Taker
- Maker Fee (Base)
- 0.065%
- Taker Fee (Base)
- 0.095%
- Fee Discount Mechanism
- Volume Tiers
- Variable Pair-Fee Schedule
- Yes
- Funding Rate Calculation
- Dynamic
More about costs and funding
- Fee Inclusion Notes
- Additional 5bps surcharge is charged on all Ostium-routed trades, on top of Ostium's own maker/taker fee schedule.
Collateral and exits
What you can deposit, where funds are held and how you get them back.
- Account Model
- Hybrid Custody Model
Security and risk
Audits, liquidation rules and who can change the system.
- Most Recent Audit Date
- Aug 28, 2025
- Liquidation Mechanism
- Market liquidation by order book submission, with backstop liquidation transfer for positions that cannot be closed through the order book.
- Mark vs Last Price Liquidation
- Mark Price
Token and rewards
Token utility, points and referral programmes available to traders.
- Has Points Program
- Yes
- Points System Name
- Liquid Points
- Referral Program Exists
- Yes
- Rewards Programs
- Trading Rewards, Referrals
Access and experience
Regional restrictions, wallet requirements and ways to use the venue.
- Mobile App
- Ios App, Android App
- Email/Social Login
- Yes
Venue notes
Several docs pages (Leverage, Funding Rates, Liquidations) are written in generic third-person 'most/many/some platforms' language rather than Liquid-specific detail, which limits confidence in several other fields derived from those pages (e.g. funding_rate_interval, interest_rate, per_asset_oi_position_caps).
