Skip to main content
Notional uses Hyperliquid market data as the primary price source for the initial deployment. Perp margin, account monitoring, funding, and liquidation calculations use Hyperliquid mark prices. Display spot prices use fresh Hyperliquid spot/all-mids and configured Binance feeds. Binance spot prices are converted from USDT into USDC before comparison. USDC is always priced at $1.00. Hyperliquid data uses the direct service first, with QuickNode as a backup. The USDT conversion quote uses Binance first and Bybit when Binance is unavailable or stale. Both venues quote USDC/USDT; Notional uses its inverse (USDC per USDT). Market depegs remain reflected in prices. Spot collateral margining uses a separate collateral-risk price path. Assets configured to use spot-only pricing use the Hyperliquid spot mark. Other collateral uses the median of the Hyperliquid spot mark, perp mark times the USDT/USDC quote oracle, and perp oracle times the USDT/USDC quote oracle. For aggregated display prices, Notional records confidence with each resolved price: A derived price expires when any input it needs expires. Conversion quotes are usable for five seconds; native market observations are usable for ten seconds. If fresh inputs are unavailable, financial price reads fail closed. Explicit diagnostic APIs can still identify stale observations. Default settings: