Trade Idea

The Trade Ideas endpoint surfaces pair trading baskets from three sources: actively traded pairs, user watchlists, and AI-generated picks from statistical arbitrage analysis.

Endpoint

GET /markets/v2

Returns baskets enriched with live market data (open interest, 24h volume) for each asset.

Basket Categories

Category	Source	Description
active	Platform activity	Pairs traded in the last 24 hours or held in open positions across all users
watchlist	User-specific	Pairs saved to the authenticated user's watchlist
ai-picks	AI	AI-generated trade ideas

Response

{
  "baskets": [
    {
      "longAssets": [
        { "asset": "BTC", "weight": 0.6, "oi": 1500000000, "volume": 800000000 },
        { "asset": "ETH", "weight": 0.4, "oi": 900000000, "volume": 500000000 }
      ],
      "shortAssets": [
        { "asset": "SOL", "weight": 0.5, "oi": 300000000, "volume": 200000000 },
        { "asset": "AVAX", "weight": 0.5, "oi": 50000000, "volume": 30000000 }
      ],
      "category": "active"
    },
    {
      "longAssets": [{ "asset": "ETH", "weight": 1, "oi": 900000000, "volume": 500000000 }],
      "shortAssets": [{ "asset": "BTC", "weight": 1, "oi": 1500000000, "volume": 800000000 }],
      "category": "watchlist"
    },
    {
      "longAssets": [{ "asset": "LINK", "weight": 1, "oi": 120000000, "volume": 80000000 }],
      "shortAssets": [{ "asset": "UNI", "weight": 1, "oi": 40000000, "volume": 25000000 }],
      "category": "ai-picks",
      "name": "DeFi Divergence"
    }
  ]
}

Asset Fields

Field	Description
asset	Asset ticker symbol
weight	Weight allocation within its side (weights per side sum to 1)
oi	Current open interest in USD
volume	24-hour trading volume in USD

How Baskets Are Built

Active baskets are derived from two sources:

• Recent fills (last 24 hours) — unique long/short pairs extracted from order fills

• All open positions — pairs currently held by any user on the platform

Duplicate pairs across these sources are deduplicated.

Watchlist baskets are loaded from the authenticated user's saved watchlist. Only included when the request has a valid user session.

AI picks are fetched from an external statistical arbitrage service. Asset names are resolved against supported Hyperliquid assets (including cross-exchange tickers like xyz:ASSET). Baskets with unsupported assets are filtered out.