DoubleZero launches paid Hyperliquid order-book feeds for $900-$5K per month

DoubleZero just turned Hyperliquid’s order book into a subscription product. The infrastructure company is now selling five distinct data feeds covering Hyperliquid’s perpetuals and spot markets through its Edge platform, with pricing that ranges from $900 to $5,000 per month depending on the feed type and location.

The most detailed offering, a full Market-by-Order feed for Hyperliquid perps, costs $3,000 monthly for subscribers based in Tokyo and $5,000 for everyone else. A simpler Top-of-Book and Trades feed runs $900 in Tokyo or $1,500 globally. Bundle all the Hyperliquid feeds together and you get roughly a 30% discount: $5,500 from Tokyo, $9,000 from anywhere else.

What Edge actually delivers

The platform delivers data in a machine-readable binary format over dedicated fiber connections using multicast technology. That’s the same basic delivery mechanism that the NYSE and Nasdaq use to get market data to professional trading firms.

The feeds span from Level 1 data (the best bid and ask, plus recent trades) all the way up to Level 4, which is full Market-by-Order depth. Level 4 means you can see every individual order sitting in the book, not just aggregated price levels.

Each subscription includes two receiving hosts per feed per metro location at no extra cost. The data is uncapped, meaning no per-stream limits or token metering. You pay the monthly fee, you get everything.

DoubleZero sources the data directly from HyperCore through partnerships with Hyperliquid validator operators including Hyperion DeFi, MAVAN, and Kinetiq. Those validators ensure real-time access to the exchange’s full order flow across native perpetuals and HIP-3 custom markets.

Why Hyperliquid, and why now

Hyperliquid is the third trading venue to land on DoubleZero’s Edge platform, following integrations with Solana and Kalshi.

The Tokyo-specific pricing tier is notable. Lower rates for Tokyo-based subscribers suggest that DoubleZero has deployed infrastructure in the region that reduces its own costs, and it’s passing some of that savings along.

The bigger picture for institutional DeFi access

Four core data feeds plus one order-intent feed cover the breadth of Hyperliquid’s market structure. The technical delivery uses fixed-size binary UDP multicast with in-band snapshots and delta recovery protocols.

The pricing, while not trivial, is modest by institutional standards. Traditional exchange data feeds from venues like CME or ICE can run into five or six figures monthly for comparable depth. A $5,000 monthly bill for full Market-by-Order data on one of crypto’s busiest perps venues is the kind of expense that barely registers on a professional firm’s P&L.

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