---
title: "Hyperliquid 链上多空数据监控：巨鲸多空持仓比、未平仓合约(OI)、资金费率与HLP金库敞口"
section: "05-crypto"
date: "2026-10-25"
lastmod: "2026-10-25"
age_days: 0
stale_over_6m: false
tags: ["Crypto","Hyperliquid","链上多空","资金费率","未平仓合约OI"]
summary: "Hyperliquid总OI $3.86B | Top巨鲸账户净多空比 1.18 (多54.1% / 空45.9%) | BTC年化资金费率 +11.4% | HLP金库TVL $412M"
ext_url: "https://app.hyperliquid.xyz/trade"
backup_url: "https://www.coinglass.com/hyperliquid"
html_url: "https://52etf.net/05-crypto/hyperliquid-onchain-long-short-oi-funding/"
markdown_url: "https://52etf.net/05-crypto/hyperliquid-onchain-long-short-oi-funding/index.md"
repo_file: "content/05-crypto/hyperliquid-onchain-long-short-oi-funding.md"
content_signal: "search=yes, ai-input=yes, ai-train=no"
---

# Hyperliquid 链上多空数据监控：巨鲸多空持仓比、未平仓合约(OI)、资金费率与HLP金库敞口

- **缓存更新日期 (Lastmod)**: `2026-10-25` (正常缓存期内: 0天)
- **所属分类 (Category)**: `05-crypto` (05-crypto · Crypto专题 (Hyperliquid多空 / ETF流向 / URPD筹码 / RHODL / MVRV-CBBI / 链上费率))
- **标签 (Tags)**: `#Crypto` `#Hyperliquid` `#链上多空` `#资金费率` `#未平仓合约OI` 
- **缓存摘要 (Summary)**: Hyperliquid总OI $3.86B | Top巨鲸账户净多空比 1.18 (多54.1% / 空45.9%) | BTC年化资金费率 +11.4% | HLP金库TVL $412M
- **主数据源链接 (Primary URL)**: https://app.hyperliquid.xyz/trade
- **备用校准链接 (Backup URL)**: https://www.coinglass.com/hyperliquid
- **GitHub 校准源文件 (Repo Path)**: `content/05-crypto/hyperliquid-onchain-long-short-oi-funding.md`

---


### Hyperliquid 链上永续合约多空结构与巨鲸仓位观测

- **核心观测维度**：
  - **Hyperliquid 全站未平仓合约总量 (Total Open Interest)**：`$3.86 Billion USD`
  - **链上巨鲸地址多空持仓比 (Hyperliquid Positions >$1M)**：多头占 `54.1%` / 空头占 `45.9%`（多空比 `1.18`）
  - **BTC-PERP 8小时/年化资金费率 (Funding Rate)**：`+0.0104% / 8h`（折合年化 `+11.38%`）
  - **HLP (Hyperliquidity Provider Vault) 净敞口**：TVL `$412M`，做市被动净Delta敞口 `-$18.5M`
  - **链上清算密集带 (Liquidation Cluster)**：上方空单强平密集区 `+4.5%`，下方高倍多单强平密集区 `-5.2%`
- **已验证可用数据源直达连接 (HTTP 200)**：
  - Hyperliquid 官方交易与统计面板：<https://app.hyperliquid.xyz/trade>
  - Coinglass Hyperliquid 巨鲸多空持仓与强平面板：<https://www.coinglass.com/hyperliquid>
  - DefiLlama Hyperliquid TVL与衍生品成交量：<https://defillama.com/protocol/hyperliquid>

