Quicknode

June 17, 2026 — 6 min read

Every goal moves a price. Every match is a market on Hyperliquid. 104 matches. 420 markets. All onchain. Research with SQL Explorer. Stream live data over gRPC. Execute via the Exchange API.

The FIFA World Cup opened at Estadio Azteca on June 11. On Hyperliquid, outcome markets opened alongside it: YES/NO positions on every match, every stage, and the outright winner, fully onchain, settling in USDC.

Traders have already put more than $1.9B through Polymarket's World Cup winner market. The same demand is now onchain. Every order, every fill, and every price shift is public data: indexed, queryable, and open to any developer.

This is HIP-4. Hyperliquid's prediction market protocol launched on mainnet on May 2, 2026. There are now 420 active markets. Quicknode is the data stack underneath it: RPC, gRPC, SQL Explorer, and SDKs. The pipes developers plug into to read these markets and build on them.

What HIP-4 markets actually are

Each market is a binary contract. Pick YES or NO. At expiry, the winning side pays 1 USDC. The losing side pays 0. The current price of a YES token is the market's implied probability that the event happens.

So if [TEAM] YES is trading at $0.62, the market is saying there's a 62% chance that the team wins. If it drops to $0.41 15 minutes after a red card, that's the market pricing in new information. Live, onchain.

HIP-4 charges no protocol fee to open a position (a small builder fee still applies). It also runs on the same CLOB (the order book) as Hyperliquid's perpetuals and spot markets: same infrastructure, same WebSocket streams, same data endpoints. If you already read Hyperliquid data, you already know how to read HIP-4 data. The only difference is a #N prefix on the coin identifier.

Research. Stream. Trade.

SQL Explorer lets you query historical HIP-4 data directly. No node setup. No indexing pipeline. Just SQL. Every trade indexed in hyperliquid_trades, every order in hyperliquid_orders, plus 45+ tables covering order books, funding, and the outcome markets. Query volume, price history, and how World Cup markets traded since kickoff:

-- Which World Cup markets moved most since kickoff?

SELECT

  m.name                                AS team,
  t.coin                                AS coin,
  MIN(t.price)                          AS low,
  MAX(t.price)                          AS high,
  ROUND(MAX(t.price) - MIN(t.price), 4) AS swing,
  ROUND(SUM(t.size), 2)                 AS volume
FROM hyperliquid_trades AS t
INNER JOIN (
  SELECT coin, any(name) AS name, any(side_name) AS side_name, any(description) AS description
  FROM hyperliquid_outcome_markets
  WHERE coin IS NOT NULL
  GROUP BY coin
) AS m ON t.coin = m.coin
WHERE m.description LIKE '%World Cup%'
  AND m.side_name = 'Yes'
  AND t.block_time >= '2026-06-11 00:00:00'
GROUP BY team, coin
ORDER BY swing DESC
LIMIT 10

That returns the ten most volatile World Cup YES markets since kickoff, sorted by price swing, with team names resolved from hyperliquid_outcome_markets. Swap the timestamp for any match window, aggregate by minute to chart repricing speed, or join with hyperliquid_orders to layer in order flow. SQL Explorer exposes any query as a REST endpoint, so your frontend can poll it directly.

Stream live data over gRPC. HyperCore gRPC streams best bid and offer, order book depth, and fills as they happen. A goal lands at minute 73. Two blocks later, the BBO has shifted. gRPC catches it first. JSON-RPC and WebSocket options included.

Exchange API closes the loop. The API builds the order, your wallet signs it, and one call sends it. HIP-4 prediction market actions included. The Quicknode Hyperliquid SDK (TypeScript, Python, Go, Rust) wraps both steps. Use Preflight to validate any order before committing a signature. Keys stay with you. Exchange API calls don't consume Quicknode API credits.

SQL Explorer for the homework. gRPC for the edge. Exchange API for the trade. Data in, orders out.

What you can build and ship before the final

Live World Cup odds tracker. Combine sdk.stream.allMids() with a simple frontend. Display YES prices as implied probabilities for every active national team market. Refresh on each tick. Embed it anywhere fans argue about odds.

Pre-goal vs. post-goal price analysis. Use SQL Explorer to pull hyperliquid_trades data in the minutes around World Cup goals (timestamps are public). Measure how fast each market repriced. You've just quantified the reaction window: the edge a faster reader could trade on.

Telegram or Discord alert bot. Subscribe to bookUpdates on an outcome market. Fire an alert when a team's YES mid jumps more than a set amount in a short window, say, [TEAM] YES moves 8 points in two minutes. Drop it into a trading group and beat the slow reaction to a red card.

Tournament volume dashboard. Aggregate HIP-4 trade volume by market, by match day, across a month of football. Surface which games drove the most onchain activity. Build it once, leave it running through July 19.

Automated trading bot. Use sdk.marketBuy(), sdk.stream.allMids(), and the full order management API to build a bot that monitors YES/NO implied probabilities and executes when your conditions are met: buy a team's YES below your fair-value estimate, or fade an overreaction to early match action. The same logic runs across every active market in a single loop.

はじめに

Quicknode's step-by-step guide is where to start. It covers how HIP-4 markets work, the #N coin notation, setting up a Hyperliquid endpoint, reading and streaming live order books, funding with USDC, and placing your first order. All example scripts are on GitHub, ready to clone and run.

You can see the full stack running at quicknode.com/world-cup: a live dashboard tracking all 104 matches, powered by SQL Explorer and gRPC.

The market has its favorites. Back your own call and enter to win a mystery grand prize. Free to enter, entries close July 9.

• How to Trade HIP-4 Prediction Markets on Hyperliquid →

• Exchange API docs →

• Create a Hyperliquid endpoint →

• Try SQL Explorer →

The markets run 24/7. The biggest event in sport, all onchain and queryable.

Quicknode does not operate or endorse these markets. This page is not affiliated with FIFA. Nothing here is financial advice. No purchase necessary to enter the sweepstakes.