Product guide

Hyperliquid Order-Book Heatmap

A Hyperliquid order-book heatmap helps compress many markets into one view so liquidity pressure is easier to compare.

What To Look For

Look for persistent directional cells, abrupt reversals, and groups of markets that shift together. These patterns are usually more useful than a single intense cell.

The vyx Order-Book Imbalance workspace: a live heatmap of 300+ Hyperliquid markets ranked by book imbalance, OFI, and microprice.
The Order-Book Imbalance workspace — bid/ask pressure across the venue, live. Open it →

Why Hyperliquid

Hyperliquid is the leading on-chain perpetuals DEX, with a transparent on-chain order book and a cross-asset universe spanning crypto, tokenized equities, commodities, FX, and indices. Its perps carry funding and open-interest data, which makes them useful for scanning both pressure and positioning across markets.

Read It In Three Passes

A heatmap rewards a fast, repeatable routine more than staring at one intense cell. Scan the whole surface first, then narrow, then confirm on the chart.

  • Surface — which clusters of markets are leaning the same way right now?
  • Persistence — has a cell held its colour across several intervals, or is it a one-print flicker?
  • Confirm — drop into the pair, check spread and recent volatility, and see whether executed trade flow agrees with the resting book.

FAQ

What interval should I watch?

Use short intervals — seconds to a few minutes — for live monitoring, and a longer interval to confirm a shift is persistent rather than a single print.

Does vyx place trades?

No. vyx is a visualization and research tool.

Can the heatmap replace chart review?

No. The heatmap is designed to decide where chart review should happen next.