Guides
What Are Perpetual Futures?
A clear introduction to perpetual futures contracts — how leverage, funding rates, and margin work, why perps dominate crypto derivatives, and how onchain perpetuals compare to centralized exchanges.
What is HIP-3?
A complete guide to HIP-3 — Hyperliquid's permissionless perpetual futures deployment system. Learn how builders work, what collateral types mean, and how to navigate the builder ecosystem.
Understanding HIP-3 Fees, Funding & Margin
A practical guide to trading costs on HIP-3 — how fees are calculated, what Growth Mode and aligned quote discounts mean, how funding rates work, and how to choose the right margin and collateral setup.
Understanding USDH
What USDH is, how it became Hyperliquid's native stablecoin, why it matters for HIP-3 traders, and how the USDH ecosystem connects builders, staking, and fee incentives.
Growth Mode Explained — How HIP-3 Cuts Fees by 90%
A technical breakdown of Growth Mode on HIP-3 — the fee reduction mechanism that makes trading stocks, indices, and forex perpetuals nearly free. Learn the exact formula, which assets qualify, and how Growth Mode stacks with other discounts.