PerpEquities

Trade ideas

Large Hyperliquid TWAP orders

A TWAP splits one large order into small slices over minutes to hours. Here you see every running Hyperliquid TWAP of $250k or more - who is buying or selling what, and how far along they are.

Updated Nov 5, 2026, 6:01 PM UTC

Running TWAPs52
Being bought$20.23M
Being sold$43.51M
Last 7 days1980 TWAPs · $2B

Running now

MarketSideSizeProgressDurationStartedPrice moveWallet
SKHYNIXxyzSell$10.57M53% · 22.7 h left2 d25.8 h ago-0x044a…464a
SKHYNIXxyzSell$9.27M53% · 22.7 h left2 d25.8 h ago-0xdfb6…294d
ZECPerpSell$7.16M43% · 4 d left7 d3 d ago-0x044a…464a
ZECPerpSell$6.17M43% · 4 d left7 d3 d ago-0xdfb6…294d
NDXxyzSellreduce-only$4.01M54% · 1.8 h left4 h2.2 h ago-0.41%0xa522…2d0e
NDXxyzSellreduce-only$2.41M54% · 1.8 h left4 h2.2 h ago-0.41%0xab81…c608
NDXxyzBuy$1.97M35% · 2.6 h left4 h1.4 h ago-0.41%0x61ce…a62b
SKHYNIXxyzBuy$1.72M64% · 2.7 h left7.5 h4.8 h ago-0.75%0x76c2…6f1e
NEARPerpSellreduce-only$1.68M62% · 18.5 h left2 d29.5 h ago-0x089f…a4f8Top #7
UBTCSpotBuy$1.01M88% · 20 h left7 d6.2 d ago-0x1561…a31a
UBTCSpotBuy$941.56K7% · 6.5 d left7 d12.4 h ago-0.13%0x1561…a31a
ANTHROPICioBuyreduce-only$907.08K96% · 3 min left1.5 h1.4 h ago-1.47%0x0517…4d23
HYPESpotBuy$853.58K39% · 4.2 d left7 d2.8 d ago-0xf02d…54c6
ETHPerpSell$684.26K74% · 38.1 h left6 d4.4 d ago-0xe863…8bb8
GOOGLxyzBuyreduce-only$595.63K25% · 3.8 h left5 h1.2 h ago-0.44%0x9e37…e647
NEARPerpBuyreduce-only$594.66K12% · 11 h left12.5 h1.5 h ago-0x0fac…7a0a
GOOGLxyzBuyreduce-only$593.65K31% · 2.8 h left4 h1.2 h ago-0.44%0x9e37…e647
XMRPerpSell$529.86K27% · 17.5 h left24 h6.5 h ago-0.01%0xc1fd…d9c5
VVVPerpBuyreduce-only$518.48K23% · 15 h left19.5 h4.5 h ago-0.11%0xca64…8356
BTCPerpBuy$500.57K18% · 5.7 d left7 d30.8 h ago-0xcafe…7b3b
GOOGLxyzBuy$499.61K60% · 1 h left2.5 h1.5 h ago-0.44%0x3bca…66f3
GOLDxyzBuy$498.6K6% · 22.9 h left24.5 h1.6 h ago-0.10%0xe863…8bb8
GOLDxyzBuy$498.54K2% · 3 d left3 d1.6 h ago-0.10%0xe863…8bb8
NDXxyzBuy$496.08K45% · 49 min left1.5 h41 min ago-0.41%0x3bca…66f3
BTCPerpBuy$490.5K82% · 29.6 h left7 d5.8 d ago-0xcafe…7b3b
GOLDxyzBuy$410.3K24% · 18.7 h left24.5 h5.8 h ago-0.10%0xb676…7dbf
NVDAxyzBuyreduce-only$402.55K25% · 3.8 h left5 h1.2 h ago-0.40%0x9e37…e647
NVDAxyzBuyreduce-only$401.88K31% · 2.8 h left4 h1.2 h ago-0.40%0x9e37…e647
LITPerpBuy$398.27K69% · 2.2 d left7 d4.8 d ago-0x2a96…4aad
BTCPerpSell$398.2K17% · 5.8 d left7 d27.9 h ago-0x960b…9a81
BTCPerpBuy$384.74K36% · 46.4 h left3 d25.6 h ago-0x3bbc…db01
METAxyzBuyreduce-only$371.84K25% · 3.8 h left5 h1.2 h ago-0.56%0x9e37…e647
METAxyzBuyreduce-only$369.98K30% · 2.8 h left4 h1.2 h ago-0.56%0x9e37…e647
SKHYNIXxyzBuy$365.64K53% · 11.4 h left24.2 h12.8 h ago-0.75%0x0c68…82d0
SNDKxyzSell$332.27K15% · 20.9 h left24.5 h3.6 h ago-0.93%0xb676…7dbf
GOLDxyzBuy$328.5K79% · 2.5 h left12 h9.5 h ago-0.10%0x323f…b88d
LITPerpBuy$313.38K31% · 4.8 d left7 d2.2 d ago-0x2a96…4aad
TAOPerpBuyreduce-only$305.8K23% · 14.9 h left19.3 h4.4 h ago-0.50%0x4486…83b8
GOLDxyzBuy$304.18K83% · 20.7 h left5 d4.2 d ago-0xe863…8bb8
GOLDxyzBuy$299.19K45% · 1.9 h left3.5 h1.6 h ago-0.10%0xe863…8bb8
ZROPerpBuy$292.2K31% · 4.8 d left7 d2.2 d ago-0x2a96…4aad
ANTxyzSell$284.79K68% · 1.4 h left4.5 h3.1 h ago-0.87%0x3595…d69a
ANTxyzBuyreduce-only$274.08K89% · 2.7 h left24.5 h21.8 h ago-0.87%0x3acb…ef8e
MNTPerpBuyreduce-only$266.25K22% · 14.9 h left19.2 h4.3 h ago+0.02%0x0f46…bb33
TSLAxyzBuyreduce-only$265.32K25% · 3.8 h left5 h1.2 h ago-0.69%0x9e37…e647
TSLAxyzBuyreduce-only$264.88K30% · 2.8 h left4 h1.2 h ago-0.69%0x9e37…e647
VVVPerpBuy$264.15K77% · 38.6 h left7 d5.4 d ago-0xe863…8bb8
GOOGLxyzBuy$256.97K18% · 5.7 d left7 d30.8 h ago-0xcafe…7b3b
TLTxyzBuy$251.86K69% · 11.4 h left36.5 h25.1 h ago-0x3471…9c15
BTCPerpBuy$251.38K80% · 33.3 h left7 d5.6 d ago-0x2a96…4aad
GOOGLxyzBuy$250.91K82% · 29.6 h left7 d5.8 d ago-0xcafe…7b3b
ZROPerpBuy$250.07K69% · 2.2 d left7 d4.8 d ago-0x2a96…4aad

TWAP flow by market, last 7 days

Executed volume from Hyperliquid's TWAP history once an order has ended; running orders (and the few not checked yet) count with size x elapsed share.

MarketTWAPsBoughtSoldNet
BTCPerp169$169.53M$114.5M$55.03M
HYPEPerp282$144.91M$105.12M$39.79M
NDXxyz95$57.66M$43.73M$13.93M
ETHPerp106$70.06M$26.06M$44M
SPXxyz79$24.73M$53.74M-$29.02M
GOLDxyz69$34.01M$32.71M$1.3M
HYPESpot118$20.17M$42.28M-$22.11M
WTIxyz66$18.7M$36.25M-$17.55M
ZECPerp104$28.18M$24.35M$3.83M
SKHYNIXxyz41$24.56M$19.15M$5.42M
TSLAxyz20$7.38M$21.99M-$14.61M
GOOGLxyz32$10.71M$12.55M-$1.84M
BRENTxyz41$9.42M$13.35M-$3.93M
METAxyz34$11.39M$7.89M$3.49M
SNDKxyz18$9.44M$9.77M-$331.15K
LITPerp77$11.15M$7.77M$3.38M
SILVERxyz34$6.79M$9.95M-$3.16M
SOLPerp34$5.36M$11.1M-$5.75M
XMRPerp46$13.06M$2.86M$10.2M
BNBPerp29$10.3M$5.26M$5.05M
UZECSpot19$4.85M$8.48M-$3.63M
NEARPerp31$4.79M$7.76M-$2.97M
XRPPerp11$3.62M$8.8M-$5.17M
INTCxyz15$4.51M$6.9M-$2.39M
UBTCSpot24$3.29M$7.98M-$4.69M

Largest finished TWAPs, last 7 days

MarketSideSizeRanDurationStartedPrice moveWallet
BTCPerpBuy$26.89MStopped at 82%30 minNov 05, 03:15 AM-0x469e…58a5Top #54
BTCPerpBuy$22.38MCompleted1 hNov 03, 07:21 PM-0x1f25…f925
BTCPerpSellreduce-only$22.05MCompleted30 minOct 31, 08:41 PM-0x8742…8427
BTCPerpSell$21.47MCompleted15 minNov 05, 12:44 PM-0x1f25…f925
BTCPerpBuy$19.64MStopped at 58%24.5 hNov 02, 07:37 PM-0xc179…e0c8
HYPEPerpBuyreduce-only$19.53MCompleted6.5 hNov 04, 10:56 PM-0x7dac…f410
BTCPerpSell$18.79MCompleted30 minOct 30, 02:27 AM-0x939f…04d2
BTCPerpBuy$18.7MCompleted20 minOct 30, 12:31 AM-0x939f…04d2
HYPEPerpSell$15.8MStopped at 82%7.5 hNov 02, 06:55 AM-0x7dac…f410
GOLDxyzSell$12.72MStopped at 1%2 hNov 04, 11:32 PM-0x61ce…a62b
GOLDxyzSell$12.51MStopped at 43%30 minNov 04, 11:33 PM-0x61ce…a62b
ETHPerpBuyreduce-only$11.56MStopped at 64%15 minOct 29, 08:35 PM-0xab81…c608
HYPEPerpSell$10.33MCompleted30 minNov 03, 06:37 PM-0xa445…329d
HYPEPerpBuy$10.18MCompleted30 minNov 02, 05:28 PM-0xa445…329d
HYPEPerpBuy$9.52MStopped at 94%6.5 hNov 04, 06:27 AM-0xe2ad…3c8c
GOLDxyzSell$9.49MStopped at 8%30 minNov 04, 11:26 PM-0x61ce…a62b
HYPEPerpSell$8.82MStopped at 1%10.5 hNov 01, 01:32 AM-0x7d54…2794
HYPEPerpSell$8.8MCompleted10.5 hNov 01, 02:29 AM-0x7d54…2794
BTCPerpSell$8.73MStopped at 6%2 hOct 30, 04:08 AM-0xb829…3a81Top #51
BTCPerpSell$8.7MStopped at 20%30 minNov 01, 02:44 PM-0x1c63…6972
BTCPerpSell$8.7MStopped at 24%22 minNov 01, 02:44 PM-0x1c63…6972
BTCPerpSell$8.7MStopped at 23%22 minNov 01, 02:44 PM-0x1c63…6972
BTCPerpBuy$7.74MCompleted30 minOct 30, 11:59 PM-0x469e…58a5Top #54
BTCPerpBuy$7.7MCompleted20 minOct 30, 12:34 AM-0xb829…3a81Top #51
TSLAxyzSell$7.57MCompleted15 minNov 03, 11:29 PM-0xab81…c608
BTCPerpSellreduce-only$7.55MStopped at 45%1 hOct 30, 03:43 AM-0xb829…3a81Top #51
AMDxyzBuy$7.09MCompleted5 minOct 30, 12:45 AM-0xa522…2d0e
BTCPerpBuy$7.05MStopped at 1%11.5 hOct 31, 10:53 AM-0x7132…f6dc
BTCPerpBuy$7.05MStopped at 1%11.5 hOct 31, 10:54 AM-0x7132…f6dc
BTCPerpBuy$7.04MStopped at 4%3.5 hOct 31, 10:54 AM-0x7132…f6dc
BTCPerpSell$6.97MStopped at 9%1 hOct 31, 11:14 AM-0x7132…f6dc
BTCPerpSell$6.97MStopped at 10%1 hOct 31, 11:14 AM-0x7132…f6dc
BTCPerpSell$6.62MStopped at 5%2.5 hOct 31, 02:54 PM-0x7132…f6dc
GOLDxyzBuy$6.62MStopped at 99%3.5 hNov 04, 10:20 AM-0x61ce…a62b
ETHPerpSell$6.6MCompleted30 minOct 30, 12:02 AM-0xb823…9763
BTCPerpBuy$6.25MCompleted20 minOct 30, 12:32 AM-0xf02d…5eb3
HYPEPerpBuy$6.09MCompleted3 hNov 02, 08:59 AM-0x65a0…23af
XRPPerpSellreduce-only$5.96MCompleted30 minOct 30, 01:30 AM-0x77ee…a018
TSLAxyzSell$5.8MCompleted15 minNov 03, 11:29 PM-0xa522…2d0e
NDXxyzBuy$5.72MCompleted2 hNov 02, 10:59 AM-0x9e2c…5508
NDXxyzSell$5.64MCompleted6 hNov 03, 05:50 PM-0xa522…2d0e
NDXxyzSell$5.64MCompleted6 hNov 03, 05:50 PM-0xab81…c608
GOOGLxyzBuyreduce-only$5.58MCompleted6 hNov 04, 03:25 PM-0x60a8…85f6
WTIxyzSellreduce-only$5.32MCompleted15 minNov 04, 06:10 PM-0xab81…c608
HYPEPerpSell$5.2MStopped at 65%8.5 hOct 31, 08:46 AM-0x469e…58a5Top #54
NDXxyzBuyreduce-only$5.15MCompleted16 hNov 03, 11:36 PM-0xa522…2d0e
NDXxyzBuyreduce-only$5.15MCompleted16 hNov 03, 11:36 PM-0xab81…c608
NDXxyzBuyreduce-only$5.15MCompleted16 hNov 03, 11:36 PM-0xab81…c608
BTCPerpSell$5.05MStopped at 19%30 minNov 01, 02:44 PM-0xac73…65fb
BTCPerpSell$5.05MStopped at 37%15 minNov 01, 02:44 PM-0xac73…65fb

How this works

Hyperliquid publishes every TWAP order on-chain. Every ~5 minutes we read the list of current TWAPs, keep those worth $250k or more at the current mid price and follow each one until it ends; Hyperliquid's own TWAP history then gives the exact end and the executed volume. Progress is the time elapsed; a stopped TWAP was cancelled by its owner or ended by the exchange, for example for lack of margin.

A TWAP shows intent, not outcome: many are stopped early, a large buyer may be hedged elsewhere, and price often moves regardless of the flow. Source: Hyperliquid via Hypurrscan. Not investment advice.