--- title: "Market Data Guides: Hyperliquid & Lighter" description: "Practical guides for reading, testing, and using Hyperliquid and Lighter order books, trades, replay, exports, and market data APIs." canonical_url: "https://0xarchive.io/resources/market-data-guides" markdown_url: "https://0xarchive.io/resources/market-data-guides.md" route: "/resources/market-data-guides" robots: "index, follow" generated_from: "prerendered_html" --- [Back to Resources](https://0xarchive.io/resources) # Market Data Guides Practical explanations for reading, testing, and using Hyperliquid and Lighter market data. [![Who Is Trading on HIP-3? The Data Stack Behind Arrakis's 175,703-Wallet Map editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/07/1631f44d-656e-41ff-b5de-02eb8edc0766.webp) Who Is Trading on HIP-3? The Data Stack Behind Arrakis's 175,703-Wallet Map Arrakis published a HIP-3 participant map large enough to make the historical data layer visible: seven markets, 175,703 wallets, and 808M order events. July 3, 2026 5 min read](https://0xarchive.io/blog/who-is-trading-on-hip3-arrakis-data-stack) [![From HIP-3 Order Flow to a Defensible Wallet Taxonomy editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/07/d1a38040-9634-450d-8cf5-0f54e5c406e1.webp) From HIP-3 Order Flow to a Defensible Wallet Taxonomy A rerun test for HIP-3 wallet taxonomies: pull the same window twice, and confirm the buckets hold. July 3, 2026 5 min read](https://0xarchive.io/blog/hip3-wallet-classification-benchmark) [![When HIP-3 Research Outgrows the Venue API editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/07/5cf56da2-abd2-4171-b95e-5a10a219a658.webp) When HIP-3 Research Outgrows the Venue API Venue APIs are excellent for narrow checks. The gap opens when the same HIP-3 reconstruction keeps getting rebuilt for a larger study. July 3, 2026 5 min read](https://0xarchive.io/blog/0xarchive-vs-hyperliquid-native-hip3-orderflow) [![HIP-3 historical data at L4: every order, cancel, and fill editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/e41d8def-0cf5-43cc-a738-ab9c3fb41c49.webp) HIP-3 historical data at L4: every order, cancel, and fill 0xArchive reconstructs every HIP-3 market to L4. Every order, cancel, and fill, attributed per trade, across 180+ builder-perp markets on Hyperliquid. June 30, 2026 9 min read](https://0xarchive.io/blog/hip3-l4-order-data) [![Hyperliquid Liquidation Data: What the Candle Hides editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/52a387e8-8c2d-48d3-8b48-885dca35b9bb.webp) Hyperliquid Liquidation Data: What the Candle Hides OHLCV shows the wick. Liquidation data shows the forced flow that caused it. How to read Hyperliquid liquidations and pull them from 0xArchive. June 28, 2026 15 min read](https://0xarchive.io/blog/hyperliquid-liquidations-data) [![HIP-4 Outcome Market Data: The Price Is a Probability editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/b60964a3-ff2b-44bf-b50d-7c510a4b269f.webp) HIP-4 Outcome Market Data: The Price Is a Probability On Hyperliquid's HIP-4 prediction markets the order-book price is an implied probability, not USD. How to read it, analyze it, and pull it from 0xArchive. June 28, 2026 15 min read](https://0xarchive.io/blog/hip4-outcome-markets-data) [![Lighter L3 Order-Level Data: Every Order, and Who Placed It editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/ea229e6d-22f6-439d-973e-4295fc874ce2.webp) Lighter L3 Order-Level Data: Every Order, and Who Placed It Lighter L3 is the full resting book, one row per order, with the wallet attached. Reconstruct queue position, attribute flow, and backtest with fills that reproduce. June 28, 2026 13 min read](https://0xarchive.io/blog/lighter-historical-market-data) [![Hyperliquid Order Book Data: L2 Levels and Full L4 Reconstruction editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/c42237c1-6758-4246-9d69-50055018c7b0.webp) 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. June 27, 2026 8 min read](https://0xarchive.io/blog/hyperliquid-order-book-data-api) [![When Checkpoint History Is Enough and When You Need Order-Level Depth editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/c8e7e726-2cbf-47dc-b415-b7bc90af3f5e.webp) 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. April 6, 2026 9 min read](https://0xarchive.io/blog/when-checkpoint-history-is-enough-and-when-you-need-order-level-depth) [![When Agent Workflows Need Replayable Market Data, Not Just Raw API Access editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/78706432-2358-4dd0-8a8d-bb962b8f44dc.webp) 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. April 6, 2026 8 min read](https://0xarchive.io/blog/replayable-market-data-for-mcp-cli-and-agent-workflows) [![How to Run a One-Symbol Parity Test Before You Migrate Historical Data editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/0c1eb83c-8f2e-4604-a7ae-04af60a6c07e.webp) 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. April 6, 2026 8 min read](https://0xarchive.io/blog/how-to-run-a-one-symbol-parity-test-before-you-migrate-historical-data) [![Hyperliquid Historical Data API for Backtesting: Native API vs 0xArchive editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/248a0647-a884-47b9-b556-da4e65538ea0.webp) 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. April 2, 2026 11 min read](https://0xarchive.io/blog/hyperliquid-historical-data-api-for-backtesting) [![Funding Rate Arbitrage: Hyperliquid x Lighter editorial cover artwork](https://0xarchive.io/blog/funding-rate-arbitrage.webp) Funding Rate Arbitrage: Hyperliquid x Lighter Compare BTC funding rates across Hyperliquid and Lighter with an open-source notebook that normalizes rates and detects arbitrage windows. February 14, 2026 1 min read](https://0xarchive.io/blog/funding-rate-arbitrage) [![Example: BTC Liquidation Heatmap editorial cover artwork](https://0xarchive.io/blog/liquidation-heatmap.webp) Example: BTC Liquidation Heatmap Use an open-source notebook to visualize BTC liquidation events on Hyperliquid, including cascades and long-short imbalance analysis. February 12, 2026 1 min read](https://0xarchive.io/blog/liquidation-heatmap) ## The full Resources library connects the research, the methods, and the product. [Browse all Resources](https://0xarchive.io/resources)