Glossary
Oracle price is the externally sourced reference price Hyperliquid uses as the honest anchor for a market.
In short
The oracle price aggregates prices from outside the venue to represent an asset's fair value, feeding funding calculations and the mark price. It prevents on-venue price movement alone from dictating margin outcomes.
Without an external reference, a large enough participant could move the venue's own price and trigger liquidations against others. The oracle makes that attack far more expensive.
It also means the perp can visibly deviate from the oracle for a period — that deviation is what funding is charged on.
Questions
No. Mark price is derived using the oracle plus venue data.
Not directly. Fills come from the order book; the oracle governs funding and margin.
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
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