| Oracle System | |
|---|---|
| Type | concept |
| Created | Thu Apr 16 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Updated | Thu Apr 16 2026 00:00:00 GMT+0000 (Coordinated Universal Time) |
| Tags | oracle, pricing, infrastructure, validators |
| Sources |
raw/inbox/hyperliquid-official-docs
|
| Related | hypercore, validators, funding-rates, perpetual-futures, liquidations |
Oracle System
Hyperliquid's validators maintain a decentralized price feed by publishing spot oracle prices every 3 seconds for each perpetual asset.
Price Computation
Each validator calculates oracle prices as the weighted median of spot mid prices from:
| Exchange | Weight |
|---|---|
| Binance | 3 |
| OKX | 2 |
| Bybit | 2 |
| Kraken | 1 |
| Kucoin | 1 |
| Gate IO | 1 |
| MEXC | 1 |
| Hyperliquid | 1 |
Asset-Specific Rules
- Hyperliquid-native assets (e.g., HYPE): External exchange sources excluded until sufficient Hyperliquid liquidity
- External primary liquidity assets (e.g., BTC): Hyperliquid’s own spot prices excluded
Final Price
The clearinghouse uses the stake-weighted median of each validator’s submitted oracle prices.
Uses
- Funding rate calculations — determines premium component
- Mark price — used for margining and liquidation triggers
- TP/SL execution — triggers stop-loss and take-profit orders
Risk
If an oracle is compromised or manipulated for an extended period, the mark price could be affected, impacting liquidations and funding.