What the pulse shows
The pulse is a live read of the order flow underneath crypto perpetual prices on Hyperliquid. Instead of one chart at a time, it ranks the whole board by what is actually happening in the order book and the trade tape right now — where funding is most expensive, which books are most lopsided, and where aggressive market orders are hitting hardest. Every number is descriptive market data, not a prediction or a trade signal.
Funding extremes
Funding is the periodic payment between longs and shorts that keeps a perpetual price tethered to spot. A large positive rate means longs are paying shorts (crowded longs); a large negative rate means shorts are paying longs. Extreme funding marks where positioning is most one-sided and most expensive to hold.
Most lopsided books
Order-book imbalance compares resting bid depth to ask depth (here, the cumulative top five levels). A bid-heavy book has more size waiting to buy than to sell; an ask-heavy book is the reverse. It is a snapshot of resting liquidity, not a forecast — a wall can be pulled as fast as it appears.
Aggressive flow
Aggressive flow measures taker activity — market orders that cross the spread to buy or sell immediately. Net flow is buy notional minus sell notional over the last hour, and the share tells you how one-sided that aggression was. It is the raw input behind cumulative volume delta (CVD).
How to read it
Treat the pulse as a starting point, not a verdict. One reading is a single moment; the signal is in how these readings line up and change over time. To watch any market evolve live — with the full heatmap, order-book depth, and your own signal formulas — open it in the cockpit.
FAQ
What is the vyx order-flow pulse?
A live snapshot that ranks the most active Hyperliquid perpetuals by funding extremes, order-book imbalance, and aggressive taker flow — a fast read of what the order flow is doing across the board right now.
Where does the data come from?
It is read from the live Hyperliquid order book and trade tape that vyx collects continuously. The board shows the latest one-hour bar for each market and refreshes in your browser each time you load the page.
Is this a trading signal?
No. The pulse is descriptive market data — funding, imbalance, and flow as they are — for research and visualization. vyx does not give trade recommendations or predict price.
How do I watch a market live?
Open the cockpit to see the full live heatmap, order-book depth, trade tape, and your own custom signals across every market, or open a single market under Markets.