Venue Coverage

Pick the venue mix with actual tradeoffs: history depth, order detail, breadth, and plan gates.

Compare
History, depth, breadth
Venues
Hyperliquid, Lighter.xyz, HIP-3, HIP-4

Venue matrix

Choose the venue mix by history depth, order detail, breadth, and gates.

Hyperliquid core
Deepest continuous history
Hyperliquid Spot
294 spot pairs with TWAP and L4
HIP-3
Builder-perp order-level / L4 access
HIP-4
Outcome markets (binary, Yes/No)
Lighter
Checkpoint-to-tick specialist
Hyperliquid core

Use it for the deepest continuous history across the core perp market set.

History start
April 2023
Default book resolution
L2 snapshots by default, full-depth L4 routes on paid plans
Order-level / L4
Yes, Pro+
Breadth
190+ core perps
Tier and access notes
Trades include maker / taker attribution, liquidations begin in December 2025, and funding / OI run continuously from May 2023.
Hyperliquid Spot

Use it for granular spot fills, L4 reconstruction, and TWAP attribution across 294 dashed pairs (PURR-USDC, HYPE-USDC, HFUN-USDC).

History start
March 2025 trades, May 2026 orderbook / L4 / TWAP
Default book resolution
L2 snapshots from May 2026, full-depth L4 from May 2026 (Pro+)
Order-level / L4
Yes, Pro+
Breadth
294 spot pairs
Tier and access notes
Spot trades carry fee_token (open-set: USDC, PURR, HYPE, KHYPE, USOL, ...), real EVM tx_hash on roughly 69% of fills, builder_address / builder_fee for routed orders, and twap_id for TWAP slices. Symbols are dashed (PURR-USDC); the server resolves the wire format internally. No funding, OI, liquidations, or candles by design (build OHLCV client-side from spot trades).
HIP-3

Use it for builder-perp coverage when the strategy lives inside the Hyperliquid ecosystem.

History start
February 2026
Default book resolution
L2 snapshots by default, full-depth L4 routes on paid plans
Order-level / L4
Yes, Pro+
Breadth
125+ instruments across 6 builders
Tier and access notes
Historical trades, candles, orderbook, funding / OI, and liquidations begin in February 2026. Free still includes km:US500; Build+ opens the wider builder-perp family.
HIP-4

Use it for binary outcome markets (Yes/No prediction events) on Hyperliquid L1.

History start
May 2026
Default book resolution
Per-side L2 snapshots, full-depth L4 routes on paid plans
Order-level / L4
Yes, Pro+
Breadth
Active outcomes refresh on a recurring cadence; coins use numeric ids (0, 1, 10, 11, ...)
Tier and access notes
HIP-4 coins are referenced by their numeric id (0, 1, 10, 11, ...). The `#`-prefixed form (`#0`, `#10`) is also accepted for callers integrating from on-chain SDKs. Discovery via /outcomes is Build+. Per-side trades and OI are Build+. Full orderbook (L2/L4) and order lifecycle are Pro+. mark_price is implied probability in [0,1], not USD. No funding, no liquidations, no candles by design (build candles client-side from hip4_trades).
Lighter.xyz

Use it when checkpoint-to-tick reconstruction detail matters more than venue breadth.

History start
August 2025 trades / candles / OI / funding, January 2026 order book
Default book resolution
L2 checkpoints by default, 30s/10s/1s on paid plans, L3 order-level depth on paid plans, and tick reconstruction on Enterprise
Order-level / L4
L3 plus checkpoint-to-tick detail
Breadth
160+ markets
Tier and access notes
Trades, candles, open interest, and funding begin in August 2025; L2 checkpoint history begins on January 29, 2026; 30s/10s/1s L2 granularity begins on January 30, 2026; L3 orderbook begins in March 2026. Tick reconstruction stays Enterprise-gated, and order book history costs 10 credits per request.

Best-fit guidance

Match the venue to the job instead of defaulting everything to one source.

Hyperliquid core

Use it for the deepest continuous history across the core perp market set.

History starts April 2023. Breadth: 190+ core perps.

Hyperliquid Spot

Use it for granular spot fills, L4 reconstruction, and TWAP attribution across 294 dashed pairs (PURR-USDC, HYPE-USDC, HFUN-USDC).

History starts March 2025 trades, May 2026 orderbook / L4 / TWAP. Breadth: 294 spot pairs.

HIP-3

Use it for builder-perp coverage when the strategy lives inside the Hyperliquid ecosystem.

History starts February 2026. Breadth: 125+ instruments across 6 builders.

HIP-4

Use it for binary outcome markets (Yes/No prediction events) on Hyperliquid L1.

History starts May 2026. Breadth: Active outcomes refresh on a recurring cadence; coins use numeric ids (0, 1, 10, 11, ...).

Lighter.xyz

Use it when checkpoint-to-tick reconstruction detail matters more than venue breadth.

History starts August 2025 trades / candles / OI / funding, January 2026 order book. Breadth: 160+ markets.

Access caveats

These constraints usually change the decision.

Hyperliquid core

Trades include maker / taker attribution, liquidations begin in December 2025, and funding / OI run continuously from May 2023.

Hyperliquid core default book resolution: L2 snapshots by default, full-depth L4 routes on paid plans.

Hyperliquid Spot

Spot trades carry fee_token (open-set: USDC, PURR, HYPE, KHYPE, USOL, ...), real EVM tx_hash on roughly 69% of fills, builder_address / builder_fee for routed orders, and twap_id for TWAP slices. Symbols are dashed (PURR-USDC); the server resolves the wire format internally. No funding, OI, liquidations, or candles by design (build OHLCV client-side from spot trades).

Hyperliquid Spot default book resolution: L2 snapshots from May 2026, full-depth L4 from May 2026 (Pro+).

HIP-3

Historical trades, candles, orderbook, funding / OI, and liquidations begin in February 2026. Free still includes km:US500; Build+ opens the wider builder-perp family.

HIP-3 default book resolution: L2 snapshots by default, full-depth L4 routes on paid plans.

HIP-4

HIP-4 coins are referenced by their numeric id (0, 1, 10, 11, ...). The `#`-prefixed form (`#0`, `#10`) is also accepted for callers integrating from on-chain SDKs. Discovery via /outcomes is Build+. Per-side trades and OI are Build+. Full orderbook (L2/L4) and order lifecycle are Pro+. mark_price is implied probability in [0,1], not USD. No funding, no liquidations, no candles by design (build candles client-side from hip4_trades).

HIP-4 default book resolution: Per-side L2 snapshots, full-depth L4 routes on paid plans.

Lighter.xyz

Trades, candles, open interest, and funding begin in August 2025; L2 checkpoint history begins on January 29, 2026; 30s/10s/1s L2 granularity begins on January 30, 2026; L3 orderbook begins in March 2026. Tick reconstruction stays Enterprise-gated, and order book history costs 10 credits per request.

Lighter.xyz default book resolution: L2 checkpoints by default, 30s/10s/1s on paid plans, L3 order-level depth on paid plans, and tick reconstruction on Enterprise.

Venue mix

Once venue choice is fixed, cost and limit planning gets easier.

Venue mix

Choose the venue mix early

Coverage, book detail, and access gates decide the right source.

Budget

Check credits after venue choice

Once the venue mix is locked, pricing the heavy routes gets much easier.

Restraint

Use only the deepest venue you actually need

Do not default every workload to the same source if a narrower venue mix already does the job.