Master the data behind the charts. Learn how to interpret Open Interest, Trading Volume, and Oracle Prices to make informed trading decisions.
Unlike spot trading where only "Volume" matters, perpetual trading introduces Open Interest. This represents the total number of outstanding derivative contracts that have not been settled.
Volume tells you how much has been traded in a specific timeframe (e.g., 24h). Liquidity tells you how easily you can enter or exit a position without moving the price.
The total dollar value of all trades executed. High volume usually means more price action.
The "thickness" of buy and sell orders. Deep orderbooks mean less slippage for large trades.
Trade the data on Dexly
Perpetual exchanges use a multi-price system to prevent "flash liquidations" caused by temporary price spikes on a single exchange.
Because Hyperliquid is a transparent Layer 1 blockchain, every trade, liquidation, and funding payment is public. Professional traders use this data to spot institutional moves and "whale" activity before it reflects on the retail charts.
Perps, spot, copy & prediction markets in one fast, non-custodial app. Get Dexly on iOS & Android and start in seconds.
Risk Warning: Trading perpetual futures involves significant risk of loss. Only trade with capital you can afford to lose. Dexly is a non-custodial interface; you are responsible for your own funds and trading decisions.
Trade the data on Dexly
