Coinalyze

Coinalyze is a professional derivatives analytics platform providing deep insight into futures and perpetuals markets including Hyperliquid, with industry-leading open interest, funding rate, and liquidation data. Its multi-exchange aggregated open interest charts reveal when large positions are being built or unwound across CEXes and DEXes simultaneously, offering a cross-market perspective that purely on-chain tools miss. On Hyperliquid specifically, Coinalyze tracks real-time OI changes per asset, cumulative liquidations, funding rate history, and basis between HL perps and CEX spot prices.

Trading interfaces on Hyperliquid enhance the native perp trading experience by adding advanced charting, analytics, and execution tools. Coinalyze serves this category where platforms connect to HyperCore's open API to provide professional-grade trading environments. The combination of HyperCore's sub-200ms latency and these purpose-built interfaces makes Hyperliquid competitive with centralized exchanges for active traders.