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🔌 Exchange Integration Guide ELITE+
Detailed information about supported exchanges (Elite, Institutional tiers)
Supported Exchanges Overview
| Exchange |
Code |
Max Leverage |
Tier Access |
Asset Types |
| Hyperliquid |
HY |
40x |
All Tiers |
Perpetual Futures |
| GMX |
GM |
100x |
Pro+ |
Decentralized Perpetuals |
| Injective |
IN |
100x |
Elite+ |
Decentralized Derivatives |
| Gains Network |
GA |
500x |
Elite+ |
Leverage Trading |
| Drift Protocol |
DR |
101x |
Institutional+ |
Perpetual Futures |
Exchange Details
🟢 Hyperliquid (HY) - All Tiers
Type: Perpetual Futures Exchange
Leverage: Up to 40x
Trading Model: Centralized orderbook
Characteristics:
- High liquidity, professional traders
- Clear liquidation patterns
- Fast execution, low slippage
- Available to all platform tiers
- Most reliable data source
⚫ GMX (GM) - Pro+
Type: Decentralized Perpetuals
Leverage: Up to 100x
Trading Model: Decentralized perpetual trading
Characteristics:
- Decentralized exchange for perpetual futures
- Variable leverage based on pool liquidity
- Transparent on-chain liquidations
- Pro+ tier access only
🟣 Injective (IN) - Elite+
Type: Decentralized Derivatives Exchange
Leverage: Up to 100x
Trading Model: On-chain derivatives
Characteristics:
- Fully decentralized derivatives trading
- On-chain transparency
- Multiple asset types (perpetuals, spot, options)
- Elite+ tier access only
🟠 Gains Network (GA) - Elite+
Type: Leverage Trading Protocol
Leverage: Up to 500x (EXTREME)
Trading Model: Protocol-based with liquidation mechanics
Characteristics:
- Very high leverage available (500x max)
- Wider distance % to liquidation
- Frequent liquidation events
- More volatile zones than traditional exchanges
- Good for studying extreme leverage scenarios
🔵 Drift Protocol (DR) - Institutional+
Type: Perpetual Futures Protocol
Leverage: Up to 101x
Trading Model: AMM-based perpetuals
Characteristics:
- Community-owned exchange
- Growing user base and volume
- Moderate leverage (101x max)
- Decentralized liquidation mechanics
- Less liquidity than HY, but interesting dynamics
Exchange-Specific Considerations
Leverage Differences
Each exchange allows different maximum leverage levels:
- Lower leverage (HY 40x) = smaller liquidation zones, less dramatic events
- Higher leverage (GA 500x) = wider zones, more frequent liquidations
Data Availability
Liquidator Analytics pulls liquidation data from exchange APIs:
- Data may lag during high volume periods
- Decentralized exchanges (GMX, Injective) may have slight delays
- We do our best, but accuracy not guaranteed
Position Encoding
Each exchange uses different position tracking methods:
- Hyperliquid: Clear account-based positions
- Drift: AMM-based positions require analysis
- Gains: Protocol-based with specific liquidation rules
- GMX/Injective: On-chain transparent positions
Comparing Zones Across Exchanges
The same cryptocurrency pair shows different zone patterns on different exchanges due to:
- Different leverage availability
- Different user bases and trading styles
- Different liquidation mechanics
- Different market times and volume patterns
Pro tip: Use Institutional tier access to all exchanges for complete market view.