Enter a HYPE amount to calculate its reference value in US dollars, or enter a dollar amount to calculate the corresponding HYPE quantity. The conversion uses the HYPE/USDC spot market identified as @107; the HYPE perpetual midpoint is shown separately with its basis. These are reference prices, not executable quotes.
How the conversion works
For HYPE to USD, the tool calculates HYPE amount × HYPE/USDC spot midpoint. For USD to HYPE, it calculates USD amount ÷ spot midpoint. Hyperliquid documents spot markets with an @index identifier; HYPE/USDC is @107. The separately displayed HYPE midpoint belongs to the perpetual market and is used only to calculate the perp-versus-spot basis.
Why the result can differ from a trade
The official midpoint summarizes the current market; it is not a firm bid or offer for your requested size. A market order can cross the spread and move through several order-book levels. Trading fees, funding, latency, and price movement can also change the realized value. Use the fee calculator for the published base trading-fee estimate.
Reproduce the data
Send a JSON POST request to Hyperliquid’s public /info endpoint with { "type": "allMids" } and read @107 for spot and HYPE for the perpetual midpoint. The page also requests spotMetaAndAssetCtxs to verify the spot market and display its previous-day reference and day notional. The calculator connects no wallet, stores no address, and creates no order.