HYPE: Hyperliquid HLP Vault Net Position
Included with Plus.
The USD value of the HLP vault's open perpetual positions on Hyperliquid, long and short, and the net (long minus short), over all coins.
Why use it. HLP is the counterparty of last resort: it quotes both sides and takes over liquidated positions. When it ends up holding a large net position, the exchange's own vault is carrying traders' risk, which is how its past losses happened. How to read it. Near zero is normal: market making keeps the vault close to balanced. A large long or short means HLP absorbed a wave of liquidations or a one-sided market; watch for it unwinding. The summary value is the net.
Calculation. Sum over the vault's own account and the strategy and liquidator sub-vaults it lists of each open position's value at Hyperliquid's mark price, longs and shorts separately, read at every ten-minute boundary. A period's value is its last reading; the open period shows the latest as a labelled partial. History starts on 8 November 2026, when our readings began; no earlier values are reconstructed. Source: our own ten-minute readings of Hyperliquid's public info API (the vault's details and the open positions of the vault and each sub-vault it lists), collected by CryptoKeyhole.