Does Market Depth Lab MCP place trades?

No. It exposes read-only research tools and has no order, transfer, approval, signing, or account-modification capability.

Does it require an exchange API key or wallet connection?

No. It uses public market endpoints and a read-only Market Depth Lab position index. Public wallet addresses entered for analysis are sent to Hyperliquid public endpoints.

What can the MCP server query?

It can inspect Hyperliquid TWAP schedules, public wallets, HYPE markets, monitored large-position cohorts, top position holders, funding rates, cross-exchange funding spreads, perpetual price spreads, and estimated Hyperliquid fees.

LOCAL MCP · READ ONLY

Let AI query the market, instead of guessing.

Bring Hyperliquid, public wallets, funding rates, TWAP schedules, and cross-exchange spreads into Claude, Codex, Cursor, and other MCP clients. Every query starts from a process running on your computer.

View npm package ↗

9 published tools
No exchange API key
No wallet connection or trading

Market Depth Lab MCPConnected locally

Compare BTC, ETH, SOL, and HYPE funding on Binance, OKX, and Hyperliquid, including a 12 bps round-trip cost.

Tool callCompleted

scan_cross_exchange_funding_spreads
markets: ["BTC", "ETH", "SOL", "HYPE"]
holding_hours: 24
round_trip_cost_bps: 12

Screen complete. Results are ranked by estimated net carry after costs, with venue availability, settlement interval, and break-even time kept visible. These are research candidates, not proof of executable or risk-free arbitrage.

9STRUCTURED TOOLS

0PRIVATE KEYS

MITOPEN SOURCE

ONE-MINUTE SETUP

One config connects the AI tools you already use.

Run the public npm package as a local stdio MCP server. npx downloads it on first use; your MCP client starts the process locally afterwards.

Add a local server

Add this configuration to a client that supports local MCP servers, restart it, and confirm that Market Depth Lab appears in the tool list.

Node.js 20 or newer
Network access to public market APIs
No account, wallet, or API key required

{
  "mcpServers": {
    "market-depth-lab": {
      "command": "npx",
      "args": ["-y", "market-depth-lab-mcp-server"]
    }
  }
}

AVAILABLE NOW

Nine tools for nine real research tasks.

Every capability below is already in npm v0.2.2. Planned features and unavailable data are not listed.

Orders list_active_hyperliquid_twaps

Inspect public active TWAP schedules and estimate remaining notional with the current reference price.

Wallet analyze_hyperliquid_wallet

Summarize public positions, balances, open orders, leverage, and recent realized PnL for an address.

Costs calculate_hyperliquid_fees

Estimate fees by notional, maker/taker role, fee tier, and one-way or round-trip execution.

Market get_hype_market_snapshot

Read a current HYPE market snapshot while keeping spot and perpetual markets separate.

Cohort hyperliquid_summarize_large_trader_positions

Aggregate long and short exposure by market within the monitored large-wallet cohort.

Cohort hyperliquid_list_top_position_holders

List the largest long and short addresses for a selected market within the monitored sample.

Funding hyperliquid_list_funding_rates

Compare current rates, payment direction, and exact trailing 24-hour funding across main and HIP-3 markets.

Scanner scan_cross_exchange_funding_spreads

Normalize settlement intervals and compare funding spreads across Binance, OKX, and Hyperliquid.

Scanner scan_cross_exchange_perp_price_spreads

Compare perpetual best bid/ask, fees, and visible depth to screen price-spread candidates.

LOCAL DATA PATH

Queries leave your computer; structured results return to the conversation.

MCP turns a natural-language question into a structured tool call. It never receives permission to trade, sign, or change an account.

1. Ask a question

Describe a market, wallet, funding, spread, or cost question in an MCP-enabled client.

2. Local MCP query

A local Node.js process calls public market APIs or the read-only Market Depth Lab position index.

3. Structured result

The AI receives stable fields, coverage boundaries, and relevant page links for comparison or explanation.

READ-ONLY BY DESIGN

It reads markets. It does not control your account.

Market Depth Lab MCP is for research and observation. It does not request private keys, seed phrases, wallet signatures, or exchange logins, and it defines no tool that creates, changes, or cancels an order.

No trading permission

There is no order, transfer, approval, signing, or account-mutation operation in the tool definitions.

Public addresses remain public inputs

Wallet analysis sends the public address you provide to Hyperliquid public APIs; the package itself adds no analytics.

Leaderboards have a denominator

Large-position and top-holder results describe a rolling monitored cohort, not every protocol address or the identity behind an address.

Scans are not arbitrage promises

Rates and prices move. Depth, slippage, transfers, margin, liquidation, and execution delay still require separate judgment.

TRY THESE PROMPTS

Start with a question that produces a checkable result.

Copy a prompt into a client connected to Market Depth Lab MCP.

Show the five Hyperliquid markets with the highest absolute funding rate and state whether longs or shorts pay.

Analyze this Hyperliquid wallet for total exposure, effective leverage, largest position, and recent realized PnL: 0x…

Compare BTC, ETH, and SOL perpetual bid/ask prices across three venues, including round-trip taker fees and at least $5,000 visible depth.

Estimate the round-trip taker fee for a $25,000 perpetual position at the published base tier.

Open source, read only, ready to install.

npm v0.2.2 · MCP Registry active · MIT license

View v0.2.2 Release ↗