What trading pairs are available on Hyperliquid?
Hyperliquid offers over 50 trading pairs, covering various asset classes including cryptocurrencies, commodities, and meme coins.
Classification of Trading Pairs
Category 1: Mainstream Cryptocurrencies
- BTC-USDC
- ETH-USDC
- SOL-USDC
- XRP-USDC
- HYPE-USDC
Category 2: Commodities (Exclusive to Hyperliquid)
- GOLD-USDC (Gold)
- SILVER-USDC (Silver)
- COPPER-USDC (Copper)
Category 3: Ecosystem Coins
- LIT-USDC
- XYZ-USDC
- KPEPE-USDC
Category 4: Meme Coins
- PEPE-USDC
- DOGE-USDC
- SHIB-USDC
Liquidity Analysis
What is liquidity?
Liquidity refers to how many buyers and sellers in the market are willing to trade at prices close to the market price.
Characteristics of High Liquidity:
- Narrow bid-ask spread
- Orders executed quickly
- Stable prices
- Low slippage
Characteristics of Low Liquidity:
- Wide bid-ask spread
- Slow order execution
- High price volatility
- High slippage
How to Evaluate Liquidity?
Metric 1: Order Book Depth
- Shows how much liquidity is available in the order book
- The greater the depth, the better the liquidity
- Unit: USD
Metric 2: Bid-Ask Spread
- The difference between the highest bid price and the lowest ask price
- The smaller the spread, the better the liquidity
- Unit: percentage or USD
Metric 3: 24-Hour Trading Volume
- Total trading volume over the past 24 hours
- The larger the volume, the better the liquidity
- Unit: USD
Metric 4: Open Interest
- Total value of all open positions
- The greater the open interest, the better the liquidity
- Unit: USD
Comparison of Liquidity for Major Trading Pairs
Depth Analysis of Liquidity
What is "depth"?
Depth refers to how much liquidity is available within a certain price range.
Example: Depth of BTC-USDC
Asker (Ask):
Price $78,000: 50 BTC
Price $78,100: 100 BTC
Price $78,200: 200 BTC
Total ($78,000-$78,200): 350 BTC = $27.3 million
Bider (Bid):
Price $77,900: 50 BTC
Price $77,800: 100 BTC
Price $77,700: 200 BTC
Total ($77,700-$77,900): 350 BTC = $27.2 million
Total Depth: $54.5 million
Importance of Depth
The greater the depth, the lower the slippage
Slippage refers to the difference between your execution price and the market price.
Example:
Market Price: $78,000
You want to buy 10 BTC
If the depth is sufficient:
Execution Price: $78,010 (Slippage $100)
If the depth is insufficient:
Execution Price: $78,200 (Slippage $2,000)
How to Choose Trading Pairs?
Considerations
1. Liquidity
- Choose trading pairs with high liquidity
- Avoid trading pairs with very low liquidity
- Check the order book depth and bid-ask spread
2. Volatility
- High volatility: High returns, also high risk
- Low volatility: Low returns, also low risk
- Choose according to your risk tolerance
3. Trading Hours
- Choose pairs that are traded 24/7
- Avoid pairs with trading time restrictions
4. Leverage
- Different pairs have different maximum leverages
- Choose leverage that suits your needs
Selection Recommendations
Beginner Traders:
- Choose BTC-USDC or ETH-USDC
- Highest liquidity
- Most stable prices
- Lowest risk
Intermediate Traders:
- Can try SILVER-USDC or GOLD-USDC
- Sufficient liquidity
- Moderate volatility
- Emerging trading pairs
Advanced Traders:
- Can try all trading pairs
- Choose flexibly according to market conditions
- Capitalize on liquidity discrepancies for arbitrage
Conclusion
Start now, join Hyperliquid, and become part of the global capital market traders.
Quick Start (Save 4% on Trading Costs)
Use invitation code: AICOIN88
Website:
https://app.hyperliquid.xyz/join/AICOIN88
📖 Beginner's Guide! Hyperliquid First Trading Super Detailed Visual Tutorial
https://www.aicoin.com/zh-Hans/article/510225
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