--- title: "Research: Hyperliquid & Lighter Market Studies" description: "Read original 0xArchive studies built from order books, trades, funding, open interest, liquidations, and order-level market history." canonical_url: "https://0xarchive.io/resources/research" markdown_url: "https://0xarchive.io/resources/research.md" route: "/resources/research" robots: "index, follow" generated_from: "prerendered_html" --- [Back to Resources](https://0xarchive.io/resources) # Research Original studies built from order books, trades, funding, open interest, and liquidation history. [![Regime Mixing in Perpetual Futures Signals editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/07/9c52dae5-f88f-47f9-9cd9-b103d215613f.webp) Regime Mixing in Perpetual Futures Signals The pooled funding-divergence result hid a state-dependent pattern. Conditioning on observed open-interest and price quadrants changed the signal's meaning. July 20, 2026 12 min read](https://0xarchive.io/blog/regime-mixing-perpetual-futures-signals) [![Funding Rates as a Positioning Signal editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/07/ae253939-9660-445d-89a8-4520d0dbe863.webp) Funding Rates as a Positioning Signal Across ten Hyperliquid markets, the funding-adjusted return was a weak standalone mean-reversion signal but a useful map of positioning, carry, and settled funding. July 16, 2026 9 min read](https://0xarchive.io/blog/funding-pressure-map-perpetual-futures) [![For 49 Hours During the Iran Strikes, Hyperliquid Was the Only Liquid Oil Market editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/90293f89-8855-49c9-b0a2-55be1918cc04.webp) 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. June 16, 2026 32 min read](https://0xarchive.io/blog/for-49-hours-during-the-iran-strikes-hyperliquid-was-the-only-liquid-oil-market) [![Hyperliquid: Weekend Price Discovery in 24/7 Markets editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/b42bfdac-a9cc-41fd-aacd-90da54eacefb.webp) 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. June 16, 2026 34 min read](https://0xarchive.io/blog/hyperliquid-weekend-price-discovery-in-24-7-markets) [![Weekend Market Note: Hormuz Blockade editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/e778a6cd-079c-4e61-8d08-d533ad905ba6.webp) 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. June 16, 2026 4 min read](https://0xarchive.io/blog/weekend-market-note-hormuz-blockade) [![Pre-IPO Perpetuals editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/ea425191-f72b-46a2-a3b1-e921e68bef88.webp) Pre-IPO Perpetuals Analysis of TradeXYZ's CBRS pre-IPO perpetual, covering continuous price discovery, synthetic access, liquidity, and convergence into the Nasdaq open. June 16, 2026 6 min read](https://0xarchive.io/blog/pre-ipo-perpetuals) [![Addressing Hyperliquid's HIP-3 Deployer Bottleneck editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/019c9e54-99ad-443d-a188-e80085556ac1.webp) 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. June 16, 2026 22 min read](https://0xarchive.io/blog/addressing-hyperliquid-s-hip-3-deployer-bottleneck) [![Who is trading on HIP-3? editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/914a8825-281c-49e4-856d-878e8143a139.webp) 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. June 16, 2026 43 min read](https://0xarchive.io/blog/who-is-trading-on-hip-3) [![Who is actually trading on Trade.xyz? editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/800bf8e9-fabd-434d-aeff-1cf9d4ee7f89.webp) 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. June 16, 2026 38 min read](https://0xarchive.io/blog/who-is-actually-trading-on-trade-xyz) [![The Oil Trader's Guide to the Strait of Hormuz editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/d75c9b09-a8bc-42a4-b50b-43b4828b5b03.webp) 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. June 16, 2026 32 min read](https://0xarchive.io/blog/the-oil-trader-s-guide-to-the-strait-of-hormuz) [![Can Hyperliquid Predict the S&P 500? editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/680db799-01e4-49cf-a243-7878afcb472f.webp) 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. June 16, 2026 31 min read](https://0xarchive.io/blog/can-hyperliquid-predict-the-s-and-p-500) [![Two Weeks of HIP-4: A Forensic Look at Hyperliquid's Outcome Markets editorial cover artwork](https://api.0xarchive.io/cms-assets/2026/06/8888d100-ed54-4d14-9090-0c2b7ffdec9e.webp) 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. June 16, 2026 36 min read](https://0xarchive.io/blog/two-weeks-of-hip-4-a-forensic-look-at-hyperliquid-s-outcome-markets) ## The full Resources library connects the research, the methods, and the product. [Browse all Resources](https://0xarchive.io/resources)