Narrative Dashboard
The AI clusters Hyperliquid markets into narratives, ranks them by heat, and explains each move with positioning data — not vibes.
Narrative of the day
Majors: quiet tape, positioning still long-heavy
BTC −0.1%ETH +0.0%SOL −0.0%XRP −0.3%BTC −0.1%ETH +0.0%SOL −0.3%
- Hyperliquid prints $431.01M of 24h volume across 7 Majors perps with $4.93B open interest.
- Funding near flat (10% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
- Aggressor flow skews long (1.26:1) — perp traders are chasing, not fading.
AI & Chips: quiet tape, positioning still long-heavy
+0.8%Funding
12% APR
OI
$296.43M
24h vol
$9.21M
L/S flow
1.30:1
INTC +1.3%NVDA +0.2%AMD +0.2%PLTR +0.7%AVGO +0.3%ARM −0.1%
- Funding near flat (12% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
- Aggressor flow skews long (1.30:1) — perp traders are chasing, not fading.
Meme: quiet tape, positioning still long-heavy
+0.8%Funding
11% APR
OI
$42.05M
24h vol
$9.59M
L/S flow
1.29:1
FARTCOIN +1.9%kPEPE −1.4%
- Funding near flat (11% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
- Aggressor flow skews long (1.29:1) — perp traders are chasing, not fading.
Commodities: quiet tape, positioning still long-heavy
+0.1%Funding
6% APR
OI
$545.86M
24h vol
$10.39M
L/S flow
1.15:1
SILVER +0.2%GOLD +0.0%COPPER −0.2%PAXG +0.0%NATGAS −0.2%
- Funding near flat (6% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
Big Tech: quiet tape, positioning still long-heavy
+0.1%Funding
5% APR
OI
$379.40M
24h vol
$13.30M
L/S flow
1.15:1
TSLA +0.2%GOOGL +0.1%AAPL −0.1%META +0.0%MSFT +0.1%AMZN +0.0%
- Funding near flat (5% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
Crypto Equities: quiet tape, positioning still long-heavy
+0.4%Funding
4% APR
OI
$104.98M
24h vol
$3.68M
L/S flow
1.12:1
MSTR +0.4%CRCL +0.5%COIN +0.5%HOOD +0.4%GME −0.1%
- Funding near flat (4% APR) — positioning is balanced; the move is spot-led rather than leverage-led.
Indices: quiet tape, positioning still long-heavy
−0.2%Funding
1% APR
OI
$3.49M
24h vol
$2.26M
L/S flow
1.02:1
US500 +0.1%SPX −0.8%
- Funding near flat (1% APR) — positioning is balanced; the move is spot-led rather than leverage-led.