# HIP-1 — Spot (/providers-market-data/hyperliquid/hip-1)



HIP-1 uses exact `BASE/QUOTE` symbols.

## Discover [#discover]

```bash
mlab markets --exchange hyperliquid --hip 1 --refresh
mlab markets --exchange hyperliquid --hip 1 --symbol HYPE/USDC
```

## Read market data [#read-market-data]

```bash
mlab source orderbook --exchange hyperliquid --symbol HYPE/USDC --depth 20
mlab source trades --exchange hyperliquid --symbol HYPE/USDC --stream
```

## Python V2 [#python-v2]

```python
book = history.source("hype/usdc@orderbook@hyperliquid", 0)
```

HIP-1 supports orderbooks, trades, candles, volumes, and volume delta. It does not provide perpetual OI or funding.

See [HIP-1 execution](/providers-execution/hyperliquid/hip-1).