Guides

The basics you need to read whale, funding and liquidation data, written for beginners.

• What is Hyperliquid? Why anyone can see what whales are tradingHyperliquid explained for beginners: a decentralized perpetual futures exchange, how it works, the HYPE token, the risks, and why every wallet position is public.
• What is a funding rate? How to read funding to see whether longs or shorts are crowdedWhat the funding rate on perpetual futures is, who pays whom, how funding is calculated, and what high or negative funding says about the market.
• What is liquidation? Why positions get liquidated and how to avoid itLiquidation in futures trading explained: when it happens, how leverage affects it, what a liquidation cascade is, and how to reduce the risk.
• How to track Hyperliquid whales: reading trades, positions and liquidation pricesA guide to tracking whales on Hyperliquid: how to read a whale trade, see whether a wallet is long or short, its liquidation price, and what to be careful about.

Information on Whale Radar is for reference only and is not investment advice. Leveraged derivatives trading can cost you your entire capital.