{"uid":"cap_-872LYehcQPfp1K0q3Eri","slug":"perp-derivatives-signals-order-book-depth-slippage-fc0d8cff","name":"Perp Derivatives Signals – Order-Book Depth & Slippage","description":"Perp order-book depth and market-order slippage for $10k and $100k on Hyperliquid, with a thin/deep verdict.","url":"https://derivatives.x402tookit.com/perp-liquidity?utm_source=zero.xyz","method":"GET","headers":{},"bodySchema":{"type":"object","$schema":"https://json-schema.org/draft/2020-12/schema","required":["input"],"properties":{"input":{"type":"object","required":["type","method"],"properties":{"type":{"type":"string","const":"http"},"method":{"enum":["GET"],"type":"string"},"queryParams":{"type":"object","required":["coin"],"properties":{"coin":{"type":"string","description":"Hyperliquid ticker, e.g. ETH"}}}},"additionalProperties":false},"output":{"type":"object","required":["type"],"properties":{"type":{"type":"string"},"example":{"type":"object","properties":{"mid":{"type":["null","number"]},"asOf":{"type":["null","string"]},"coin":{"type":["null","string"]},"source":{"type":["null","string"]},"reasons":{"type":["array","null"],"items":{"type":"string"}},"summary":{"type":["null","string"]},"verdict":{"type":["null","string"]},"degraded":{"type":["boolean","null"]},"slippage":{"type":["array","null"],"items":{"type":"object","properties":{"buyBps":{"type":["null","number"]},"sellBps":{"type":["null","number"]},"sizeUsd":{"type":["null","number"]}}}},"sourceUrl":{"type":["null","string"]},"spreadBps":{"type":["null","number"]},"disclaimer":{"type":["null","string"]},"notChecked":{"type":["array","null"],"items":{"type":"string"}},"thresholds":{"type":["null","object"],"properties":{"thinOverBps":{"type":["null","number"]},"moderateOverBps":{"type":["null","number"]}}},"depthWithin0_5PctUsd":{"type":["null","object"],"properties":{"asks":{"type":["null","number"]},"bids":{"type":["null","number"]}}}}}}}}},"responseSchema":null,"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.02","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.02/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.02","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.02","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_j9A84N6wRUpP6bCfxVsTv","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.02","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns order-book depth and estimated market-order slippage for $10k and $100k trade sizes on Hyperliquid perps, with a thin/deep liquidity verdict.","exampleAgentPrompt":"Check the order-book depth and slippage on Hyperliquid for ETH perps — I want to know how much I'd pay in slippage for both a $10k and a $100k market order, and whether the market is currently thin or deep.","exampleUseCases":[{"title":"Pre-trade slippage check for large order","prompt":"Before I market-buy $100k of SOL perp on Hyperliquid, can you check the current order-book depth and tell me how many basis points of slippage I should expect on both the buy and sell side?"},{"title":"Liquidity screening for algo strategy","prompt":"I'm building a strategy that only trades perps with deep liquidity. Pull the depth and slippage data for BTC on Hyperliquid and tell me if the market is thin or deep right now."},{"title":"Spread and depth snapshot for risk dashboard","prompt":"For my trading dashboard, grab the current mid price, spread in bps, and bid/ask depth within 0.5% of mid for the AVAX perp on Hyperliquid."}],"resultDescription":"Returns a JSON object with: the coin ticker, mid price, timestamp, spread in basis points, USD depth on bids and asks within 0.5% of mid, a slippage array with buy and sell bps for $10k and $100k trade sizes, a thin/deep/moderate verdict string, human-readable reasons for the verdict, configured thresholds, a source URL, and optional degraded/disclaimer flags.","failureModes":["Invalid or unlisted coin ticker returns null fields or error","Coin is delisted or isolated-only on Hyperliquid — degraded flag may be set","Hyperliquid API downtime causes null data with degraded=true","Missing required 'coin' query parameter returns a validation error","Rate limiting or payment failure returns a 402 payment required response"],"whenToPreferThis":"Use this endpoint when you need real-time Hyperliquid-specific order-book depth and slippage estimates before executing or sizing a perp trade. It is purpose-built for Hyperliquid and provides the thin/deep verdict with explicit thresholds, making it more actionable than generic market data feeds. Prefer it over general price APIs when you need to assess execution quality, not just price.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-10-29T06:32:00.143Z","isFirstParty":false,"canonicalSlug":"perp-derivatives-signals-order-book-depth-slippage-fc0d8cff"}