Blog
Market Data Guides
Working notes on Hyperliquid and Lighter market data: order books, replay, exports, and the agents built on top.
HIP-3 L4 & TP/SL Order Data Now Available on 0xArchive
0xArchive exposes Hyperliquid and HIP-3 L4 order books, lifecycle events, and TP/SL history through REST, WebSocket, and S3 Parquet export.
Hyperliquid Order Book Data: L2 Levels and Full L4 Reconstruction
Hyperliquid order book data: full-depth L2 with order counts, L4 order-level depth with wallet attribution, and trade history back to April 2023.
For 49 Hours During the Iran Strikes, Hyperliquid Was the Only Liquid Oil Market
Tick-level analysis of Hyperliquid oil markets during the Iran strikes, covering 24/7 price discovery, CME closure gaps, and HIP-3 market structure.
Hyperliquid: Weekend Price Discovery in 24/7 Markets
Research on Hyperliquid weekend price discovery during crude oil market stress, covering off-hours liquidity, reopen accuracy, and bounding bands.
Weekend Market Note: Hormuz Blockade
Weekend market note on TradeXYZ's oil-driven session during Hormuz blockade risk, crude repricing, equity weakness, and weekend price discovery.
Pre-IPO Perpetuals
Analysis of TradeXYZ's CBRS pre-IPO perpetual, covering continuous price discovery, synthetic access, liquidity, and convergence into the Nasdaq open.
Addressing Hyperliquid's HIP-3 Deployer Bottleneck
Research on HIP-3 deployer concentration, TradeXYZ dominance, weak marginal economics, and proposed changes to market-creation incentives.
Who is trading on HIP-3?
Orderflow analysis across seven HIP-3 markets on Hyperliquid, covering 175,000 wallets, $161B in volume, builders, and trader categories.
Who is actually trading on Trade.xyz?
Wallet-level analysis of who traded on trade.xyz, separating market makers, arbitrage bots, retail users, and airdrop-farming activity.
The Oil Trader's Guide to the Strait of Hormuz
Research on Strait of Hormuz oil-market disruption, physical crude pricing, and the HIP-3 opportunity for commodity price discovery on Hyperliquid.
Can Hyperliquid Predict the S&P 500?
Analysis of trade.xyz's S&P 500 perpetual market on Hyperliquid, including price discovery, informed flow, basis signals, and wallet behavior.
Two Weeks of HIP-4: A Forensic Look at Hyperliquid's Outcome Markets
Forensic analysis of HIP-4's first two weeks on Hyperliquid, covering wallets, order flow, builders, liquidity, and prediction-market pricing.
When Checkpoint History Is Enough and When You Need Order-Level Depth
A question-first framework for deciding when checkpoint history is enough, when full L4 and order-level routes matter, and how to test the threshold on one Hyperliquid event window.
When Agent Workflows Need Replayable Market Data, Not Just Raw API Access
Why repeated Hyperliquid agent workflows benefit from typed tools, replayable history, and coverage-aware reruns once raw API pulls stop being enough.
How to Run a One-Symbol Parity Test Before You Migrate Historical Data
A practical Hyperliquid evaluator playbook for comparing native venue pulls against managed history with one symbol, one window, and one rerunnable study.
Hyperliquid Historical Data API for Backtesting: Native API vs 0xArchive
A proof-first guide to when Hyperliquid native is enough, when rerunnable backtests start acting like infrastructure, and how to test replayable managed history with one-symbol parity.
HIP-3 Full Coverage: 125 Markets Across 6 Builders
Full historical coverage is live for every HIP-3 builder perp on Hyperliquid, spanning 125 markets across six builder namespaces.
0xArchive CLI and Rust SDK Now Available
Use the 0xArchive CLI for JSON-first shell workflows and the Rust SDK for typed async market-data clients with optional WebSocket support.
Trade.xyz Markets: 21 New HIP-3 Builder Perps
Use 0xArchive HIP-3 data for TradeXYZ builder perps, with prefixed symbols, order books, trades, funding, OI, candles, and exports.
HIP-3 Candles Are Live
OHLCV candles at eight intervals now cover all HIP-3 builder perps, joining order books, trades, funding rates, and open interest.
Kinetiq x 0xArchive: HIP-3 Builder Perp History
0xArchive provides historical data for every Kinetiq HIP-3 market, spanning equities, indices, and commodities traded 24/7 on Hyperliquid.
Lighter.xyz Self-Serve Now Live
Lighter.xyz historical data is self-serve on 0xArchive: full order book depth, trade history from August 2025, funding, open interest, and candles.
Funding Rate Arbitrage: Hyperliquid x Lighter
Compare BTC funding rates across Hyperliquid and Lighter.xyz with an open-source notebook that normalizes rates and detects arbitrage windows.
Example: BTC Liquidation Heatmap
Use an open-source notebook to visualize BTC liquidation events on Hyperliquid, including cascades and long-short imbalance analysis.
Lighter.xyz Full-Depth Order Book Data on 0xArchive
Run Lighter historical market data for order books, L3 depth, trades, funding, open interest, candles, replay, and exports.
Introducing 0xArchive: Hyperliquid Historical Data API
Run Hyperliquid historical market data for order books, trades, funding, open interest, liquidations, candles, replay, and exports.
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