Volatility Index (VIX) Price on Hyperliquid
Auto-refreshes every 30s · Max leverage: 3x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is VIX on Hyperliquid?
VIX (Volatility Index) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a index perpetual — not a token — and tracks the Volatility Index price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 3x leverage. As of May 2026, VIX perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional index markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker (per Hyperliquid's HIP-3 builder-market fee schedule) — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.
VIX on Hyperliquid at a Glance
| Underlying | Volatility Index (Index) |
|---|---|
| Market type | HIP-3 perpetual future via trade.xyz |
| Max leverage | 3x |
| Maker fee | 0.03% |
| Taker fee | 0.09% |
| Funding interval | Hourly |
| Margin & settlement | USDC — cash-settled, no expiry |
| Trading hours | 24/7, including weekends & holidays |
Live VIX candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
How to Trade Volatility Index (VIX) on Hyperliquid
The VIX measures expected 30-day volatility in the S&P 500, derived from index option prices, and rises when equity markets fall. Trade VIX perpetual futures 24/7 on Hyperliquid via trade.xyz.
VIX is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 3x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade VIX on Hyperliquid?
Hyperliquid offers distinct advantages for index traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional index markets are closed. Self-custody ensures you retain full control of your funds at all times.
VIX Contract Notes & Catalysts to Watch
VIX-PERP references implied volatility on the S&P 500 through the trade.xyz oracle with hourly funding. Volatility is not a directional asset and does not behave like one: it is mean-reverting, it spikes far faster than it decays, and its correlation to equities is strongly negative, which is what makes it a hedge rather than an investment. A long volatility position bleeds through calm markets and pays off in a few violent sessions, so the sizing question is how much carry you can absorb while waiting. In the traditional market this exposure is expensive to hold because VIX futures usually sit in contango and a passive long pays that roll every month. A perpetual replaces the roll with an hourly funding rate, which is a different cost structure rather than a free one, so check funding before holding a long for any length of time. The natural pair is against SP500 or XYZ100.
Related markets: S&P 500 (SP500) perp, US equity volatility (VOL) perp.
Key Market Facts
Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule.
Frequently Asked Questions
How do I trade VIX on Hyperliquid?
VIX is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 3x leverage.
What are the fees for VIX on Hyperliquid?
0.09% taker and 0.03% maker, per Hyperliquid's published HIP-3 builder-market fee schedule. Those are the figures a deployer fee scale of 1.0 produces, which is what trade.xyz runs; the scale is set per asset and the live value sits in the Hyperliquid API's meta response. They are higher than native perps because half the fee goes to the builder (trade.xyz) that deployed the market.
Can I trade VIX 24/7 on Hyperliquid?
Yes. Unlike traditional index markets that have set trading hours, VIX perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
How we source and review this market data
Data collection. Live VIX price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where VIX-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on VIX-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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Where the figures come from. Live VIX price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where VIX-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.
Reuse. You may republish these figures with attribution and a link to hyperliquidguide.com/markets/xyz/vix.
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