Volume Monitor
Live crypto data · Binance · Bybit · Hyperliquid

Hyperliquid Stock Perps (HIP-3) Live

Live funding, open interest, OI-cap use and mark-vs-oracle basis for every HIP-3 market on Hyperliquid: stock, index, oil, gold and FX perps deployed by trade.xyz and other builders.

149 HIP-3 markets are live on 4 builder-deployed dexes, with $3.92B of open interest and $365.97M traded in the last 24 hours. trade.xyz holds 97.8% of HIP-3 open interest right now; the next largest is EntropyIO at 1.5%. The US stock market is closed (weekend) and reopens Mon 09:30 ET; the biggest stock-perp mover since yesterday is NCLD at +1.86%. ANTH on EntropyIO is using 80% of its $45.00M open interest cap.

US market closed · weekendAs of 15:18 UTC

HIP-3 open interest
$3.92B
1 market ≥ 80% of OI cap
24h volume
$365.97M
149 markets · 138 tickers
trade.xyz share of OIright now
97.8%
4 dexes with live markets
US stock market
Closed
Weekend · opens Mon 09:30 ET

US stocks

85 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
MUtrade.xyz 1,091.9 1,091.4 +4.6 bps +0.41% 0.00063% 5.5% $158.15M 32% $14.34M US closed
INTCtrade.xyz 124.90 124.90 +0.0 bps +1.25% -0.00562% -49.2% $153.21M 44% $10.17M US closed
NVDAtrade.xyz 225.19 224.98 +9.3 bps +0.19% 0.00146% 12.8% $138.02M 28% $4.03M US closed
SNDKtrade.xyz 1,779 1,777.8 +6.7 bps +0.29% 0.00063% 5.5% $127.69M 26% $5.18M US closed
GOOGLtrade.xyz 343.33 343.46 -3.8 bps +0.01% -0.00125% -11.0% $108.96M 31% $3.02M US closed
CRCLtrade.xyz 89.205 89.284 -8.8 bps +0.11% -0.01156% -101.3% $108.24M 72% $5.54M US closed
METAtrade.xyz 747.49 748.26 -10.3 bps -0.03% -0.00489% -42.9% $67.38M 34% $7.79M US closed
MSTRtrade.xyz 161.19 161.39 -12.4 bps +1.10% -0.01438% -126.0% $56.92M 38% $3.20M US closed
TSLAtrade.xyz 372.75 372.83 -2.1 bps +0.18% -0.00119% -10.4% $47.07M 47% $3.14M US closed
CBRStrade.xyz 206.34 206.34 +0.0 bps -0.39% -0.00539% -47.2% $42.32M 28% $401K US closed
HOODtrade.xyz 119.31 119.32 -0.8 bps +0.50% -0.00064% -5.6% $41.16M 27% $1.41M US closed
AAPLtrade.xyz 340.07 339.96 +3.2 bps -0.01% 0.00063% 5.5% $35.56M 18% $1.66M US closed
NBIStrade.xyz 239.29 239.41 -5.0 bps +0.04% -0.00650% -56.9% $33.82M 23% $906K US closed
AMZNtrade.xyz 249.41 249.30 +4.4 bps -0.08% 0.00063% 5.5% $29.37M 29% $2.57M US closed
ORCLtrade.xyz 137.81 137.84 -2.2 bps +0.19% -0.00148% -13.0% $24.14M 16% $1.09M US closed
MSFTtrade.xyz 517.16 517.05 +2.1 bps -0.10% 0.00063% 5.5% $23.98M 10% $1.96M US closed
AMDtrade.xyz 634.51 633.76 +11.8 bps +0.69% 0.00208% 18.2% $16.77M 17% $8.11M US closed
PURRDATtrade.xyz 12.840 12.865 -19.4 bps -0.33% -0.01918% -168.0% $16.27M 33% $713K US closed
AVGOtrade.xyz 352.89 352.95 -1.7 bps -0.48% 0.00016% 1.4% $14.64M 20% $679K US closed
PLTRtrade.xyz 190.70 190.72 -1.0 bps +0.46% -0.00106% -9.3% $14.22M 9% $3.95M US closed
BBtrade.xyz 8.114 8.119 -5.8 bps -0.51% -0.00118% -10.3% $13.21M 18% $413K US closed
COINtrade.xyz 196.91 196.91 +0.0 bps +0.52% -0.00878% -76.9% $13.02M 26% $1.52M US closed
BABAtrade.xyz 110.13 110.13 +0.0 bps -0.28% -0.00222% -19.4% $12.78M 26% $342K US closed
MRVLtrade.xyz 263.63 263.73 -3.8 bps +0.14% -0.00278% -24.4% $12.75M 6% $1.13M US closed
LITEtrade.xyz 942.13 942.13 +0.0 bps +0.49% -0.00132% -11.6% $11.73M 12% $190K US closed
LLYtrade.xyz 1,182.9 1,182.9 +0.0 bps -0.09% -0.00200% -17.5% $11.25M 45% $97K US closed
RKLBtrade.xyz 73.710 73.864 -20.8 bps -0.48% -0.01774% -155.4% $10.42M 21% $1.45M US closed
STRCtrade.xyz 98.734 98.754 -2.0 bps -0.10% 0.00043% 3.8% $9.94M 20% $64K US closed
NBISEntropyIO 239.21 239.16 +2.1 bps -0.10% 0.00016% 1.4% $9.28M 62% $1.11M US closed
TSMtrade.xyz 452.51 452.45 +1.3 bps +0.21% 0.00063% 5.5% $9.19M 18% $181K US closed
CRWVtrade.xyz 87.298 87.268 +3.4 bps +0.39% -0.00040% -3.5% $8.11M 16% $1.25M US closed
QCOMtrade.xyz 204.08 204.00 +3.9 bps +0.55% 0.00063% 5.5% $7.03M 28% $299K US closed
DELLtrade.xyz 566.52 565.90 +11.0 bps +0.71% 0.00342% 30.0% $7.01M 28% $533K US closed
NFLXtrade.xyz 71.109 71.074 +4.9 bps -0.09% 0.00063% 5.5% $6.17M 12% $265K US closed
BEtrade.xyz 287.92 287.42 +17.4 bps +1.21% 0.00696% 61.0% $6.12M 24% $378K US closed
ARMtrade.xyz 312.87 312.87 +0.0 bps +0.25% -0.00072% -6.3% $5.57M 11% $806K US closed
SNDKEntropyIO 1,778.1 1,777.9 +1.1 bps +0.29% 0.00016% 1.4% $4.98M 50% $16.73M US closed
IRENtrade.xyz 44.434 44.433 +0.2 bps +0.52% -0.00268% -23.5% $4.63M 19% $119K US closed
USARtrade.xyz 15.245 15.259 -9.2 bps +0.45% -0.00356% -31.2% $3.51M 14% $42K US closed
BMNRtrade.xyz 27.696 27.761 -23.4 bps +1.35% -0.01569% -137.4% $3.43M 14% $64K US closed
GMEtrade.xyz 23.678 23.689 -4.6 bps +0.52% -0.00023% -2.0% $3.30M 13% $524K US closed
HIMStrade.xyz 29.113 29.159 -15.8 bps -0.08% -0.00798% -69.9% $3.13M 13% $87K US closed
BOTtrade.xyz 29.214 29.207 +2.4 bps +0.62% -0.00645% -56.5% $2.98M 12% $28K US closed
WDCtrade.xyz 460.34 461.48 -24.7 bps -0.24% -0.01516% -132.8% $2.82M 6% $990K US closed
MRNAtrade.xyz 197.86 198.44 -29.2 bps -1.05% -0.01780% -156.0% $2.69M 4% $757K US closed
ASMLtrade.xyz 1,741.7 1,743.2 -8.6 bps -0.14% -0.00150% -13.2% $2.42M 10% $71K US closed
AMATtrade.xyz 484.47 484.88 -8.5 bps -0.33% -0.00409% -35.8% $2.16M 9% $224K US closed
NOWtrade.xyz 135.85 135.85 +0.0 bps +0.08% -0.00396% -34.7% $2.04M 8% $5,836 US closed
NOKtrade.xyz 10.419 10.410 +8.6 bps +0.52% 0.00178% 15.6% $2.04M 8% $65K US closed
AAOItrade.xyz 101.93 101.96 -2.9 bps +0.45% -0.00351% -30.7% $1.86M 7% $77K US closed
VSTParagon 139.05 138.88 +12.2 bps +0.46% 0.00923% 80.8% $1.68M 7% $49K US closed
IBMtrade.xyz 226.13 226.14 -0.4 bps +0.11% 0.00063% 5.5% $1.67M 3% $30K US closed
CRWDtrade.xyz 255.01 254.80 +8.2 bps +0.34% 0.00816% 71.5% $1.32M 5% $142K US closed
TTWOParagon 201.88 201.88 +0.0 bps -0.04% -0.00208% -18.2% $1.09M 4% $13K US closed
CRDOParagon 209.61 210.08 -22.6 bps +0.32% -0.01720% -150.7% $1.05M 4% $97K US closed
COSTtrade.xyz 924.78 924.08 +7.6 bps +0.35% 0.00444% 38.9% $1.01M 4% $18K US closed
DKNGtrade.xyz 22.027 22.042 -6.8 bps +0.30% -0.00077% -6.8% $960K 4% $54K US closed
NETtrade.xyz 350.22 349.55 +19.2 bps -0.23% -0.00039% -3.4% $697K 3% $167K US closed
BXtrade.xyz 118.09 118.13 -3.4 bps -0.18% 0.00048% 4.2% $600K 2% $13K US closed
ZMtrade.xyz 90.252 90.269 -1.9 bps -0.18% -0.00695% -60.9% $590K 2% $25K US closed
AVGOParagon 352.80 354.09 -36.4 bps -0.34% -0.01937% -169.6% $589K 2% $1,534 US closed
SHAZtrade.xyz 55.096 55.193 -17.6 bps +0.02% -0.01404% -123.0% $563K 2% $18K US closed
IRENParagon 44.430 44.407 +5.1 bps +0.37% -0.00077% -6.8% $539K 2% $2,607 US closed
COHRParagon 299.38 299.35 +0.9 bps +0.51% 0.00875% 76.7% $511K 2% $311 US closed
RIVNtrade.xyz 15.398 15.402 -2.6 bps -0.58% -0.00806% -70.6% $496K 2% $18K US closed
STXParagon 922.26 918.51 +40.8 bps +0.08% 0.01618% 141.8% $437K 2% $186K US closed
GEVtrade.xyz 955.66 956.26 -6.3 bps +0.16% 0.00055% 4.8% $430K 2% $11K US closed
GPROEntropyIO 1.279 1.283 -28.1 bps +0.05% -0.00256% -22.5% $392K 8% $26K US closed
SMCIParagon 44.109 44.109 +0.0 bps +1.59% 0.00724% 63.4% $307K 1% $12K US closed
GLWParagon 158.12 157.61 +32.3 bps +1.45% 0.02005% 175.6% $301K 1% $471 US closed
EBAYtrade.xyz 108.61 108.60 +0.9 bps -0.11% 0.00168% 14.7% $285K 1% $2,634 US closed
RDDTtrade.xyz 150.17 150.18 -0.7 bps +0.19% 0.00063% 5.5% $276K 1% $46K US closed
NETParagon 349.03 349.03 +0.0 bps -0.11% -0.00369% -32.3% $261K 1% $3,910 US closed
SOFIParagon 16.521 16.521 +0.0 bps -0.19% -0.00442% -38.7% $255K 1% $82K US closed
LRCXParagon 315.03 315.03 +0.0 bps -0.05% -0.00008% -0.7% $190K 1% $13K US closed
CIFRParagon 17.704 17.685 +10.6 bps -0.09% 0.00183% 16.0% $188K 1% $8,910 US closed
AAOIParagon 101.85 101.88 -2.8 bps +0.33% 0.00307% 26.9% $155K 1% $1,175 US closed
TERParagon 396.96 396.96 +0.0 bps +0.59% 0.00075% 6.6% $124K 0% $2,267 US closed
IONQEntropyIO 45.697 45.594 +22.6 bps +0.07% 0.00355% 31.1% $110K 2% $88K US closed
RDDTParagon 150.31 150.14 +11.3 bps +0.06% 0.00517% 45.3% $85K 0% $23K US closed
MELIParagon 1,752.5 1,754.5 -11.4 bps +0.06% -0.00671% -58.7% $82K 0% $0 US closed
BIRDtrade.xyz 2.334 2.334 +0.0 bps -0.03% -0.01039% -91.0% $79K 0% $14K US closed
CIENParagon 355.89 355.89 +0.0 bps -0.03% -0.00402% -35.2% $72K 0% $1,040 US closed
CVXtrade.xyz 203.68 204.50 -40.1 bps -0.37% -0.01923% -168.5% $66K 0% $76K US closed
CRWDParagon 254.66 254.51 +6.0 bps +0.59% 0.02598% 227.6% $65K 0% $6,834 US closed

ETFs

20 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
DRAMtrade.xyz 63.083 63.110 -4.3 bps +0.90% -0.00183% -16.1% $113.01M 45% $38.32M US closed
SOXLtrade.xyz 153.16 153.48 -20.8 bps +1.36% -0.01295% -113.4% $28.68M 57% $3.66M US closed
EWYtrade.xyz 187.88 187.84 +2.1 bps +0.28% 0.00063% 5.5% $9.99M 10% $4.18M US closed
KORUtrade.xyz 21.723 21.713 +4.6 bps +0.72% 0.00233% 20.4% $3.31M 13% $556K US closed
SMHtrade.xyz 612.59 612.37 +3.6 bps +0.48% 0.00063% 5.5% $3.31M 13% $56K US closed
EWZtrade.xyz 36.550 36.568 -4.9 bps +0.06% -0.00115% -10.1% $2.93M 12% $9,314 US closed
XLEtrade.xyz 61.708 61.789 -13.1 bps -0.72% -0.00855% -74.9% $1.62M 6% $14K US closed
URNMtrade.xyz 49.531 49.525 +1.2 bps +0.26% 0.00552% 48.4% $1.48M 6% $17K US closed
EWJtrade.xyz 98.206 98.200 +0.6 bps +0.24% 0.00063% 5.5% $1.02M 4% $110K US closed
NCLDtrade.xyz 24.692 24.779 -35.1 bps +1.86% -0.02689% -235.6% $935K 4% $1.08M US closed
TLTtrade.xyz 79.297 79.297 +0.0 bps +0.01% 0.01772% 155.2% $845K 3% $29K US closed
MAGStrade.xyz 72.738 72.653 +11.7 bps -0.11% 0.00600% 52.5% $841K 3% $33K US closed
EWTtrade.xyz 115.25 115.31 -5.2 bps -0.18% -0.00364% -31.9% $637K 3% $39K US closed
LYTEtrade.xyz 25.565 25.572 -2.7 bps +0.33% 0.00063% 5.5% $440K 2% $5,435 US closed
DRAMEntropyIO 63.014 62.951 +10.0 bps +0.75% 0.00125% 10.9% $300K 6% $335K US closed
SNXXtrade.xyz 17.540 17.530 +5.7 bps +0.80% 0.00063% 5.5% $164K 1% $4,528 US closed
EWYEntropyIO 187.62 187.48 +7.5 bps +0.14% 0.00140% 12.3% $149K 3% $72K US closed
XBItrade.xyz 155.82 155.65 +10.9 bps +0.46% 0.01168% 102.3% $143K 1% $2,220 US closed
KSTRtrade.xyz 23.748 23.705 +18.1 bps +0.36% 0.00563% 49.3% $18K 0% $9,155 US closed
IGVParagon 105.73 105.92 -17.0 bps +0.31% -0.01049% -91.9% $12K 0% $0 US closed

US indices

5 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SP500trade.xyz 7,733.3 7,728.8 +5.8 bps +0.03% 0.00185% 16.2% $339.00M 27% $37.41M US closed
XYZ100trade.xyz 30,608 30,597 +3.6 bps +0.02% 0.00063% 5.5% $183.90M 18% $38.37M US closed
USTECHMarkets by Kinetiq 743.61 743.49 +1.6 bps +0.01% 0.00057% 5.0% $4.16M 14% $1.94M US closed
US500Markets by Kinetiq 770.47 770.11 +4.7 bps +0.01% 0.00090% 7.9% $2.20M 9% $4.68M US closed
SMALL2000Markets by Kinetiq 282.20 282.20 +0.0 bps -0.02% -0.00435% -38.1% $820K 8% $590K US closed

Non-US stocks & indices

11 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SKHXtrade.xyz 1,366.7 1,367.2 -3.7 bps +0.24% -0.00035% -3.1% $333.78M 33% $14.26M 24/7 perp
SKHYtrade.xyz 192.37 192.39 -1.0 bps +0.24% 0.00063% 5.5% $192.46M 48% $3.43M 24/7 perp
SMSNtrade.xyz 209.35 209.35 +0.0 bps +1.01% 0.00063% 5.5% $68.90M 28% $6.92M 24/7 perp
ZHIPUtrade.xyz 81.072 81.060 +1.5 bps -0.97% 0.00063% 5.5% $22.74M 23% $138K 24/7 perp
KIOXIAtrade.xyz 363.31 363.25 +1.7 bps +1.24% 0.00063% 5.5% $9.71M 10% $1.03M 24/7 perp
MINIMAXtrade.xyz 35.351 35.321 +8.5 bps +0.64% 0.00542% 47.5% $4.80M 10% $82K 24/7 perp
JP225trade.xyz 66,603 66,603 +0.0 bps +0.28% -0.00757% -66.3% $3.30M 13% $37K 24/7 perp
SOFTBANKtrade.xyz 39.292 39.292 +0.0 bps -0.10% 0.00544% 47.6% $2.75M 11% $41K 24/7 perp
HYUNDAItrade.xyz 261.56 261.52 +1.5 bps -0.06% 0.00063% 5.5% $1.30M 5% $24K 24/7 perp
GIGADEVtrade.xyz 56.853 56.843 +1.8 bps +0.94% 0.01604% 140.6% $1.03M 4% $1.83M 24/7 perp
KR200trade.xyz 1,114.4 1,114.4 +0.0 bps +0.25% -0.00395% -34.6% $745K 3% $18K 24/7 perp

Oil, gold & commodities

8 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
GOLDtrade.xyz 4,280.1 4,280.1 +0.0 bps -0.03% 0.00063% 5.5% $280.35M 37% $2.99M 24/7 perp
SILVERtrade.xyz 64.082 64.071 +1.7 bps -0.13% 0.00063% 5.5% $236.29M 47% $3.67M 24/7 perp
BRENTOILtrade.xyz 99.092 99.274 -18.3 bps -0.18% -0.02166% -189.8% $150.16M 20% $33.74M 24/7 perp
CLtrade.xyz 93.820 93.991 -18.2 bps -0.70% -0.02475% -216.9% $139.44M 14% $35.52M 24/7 perp
COPPERtrade.xyz 6.786 6.787 -1.5 bps -0.14% 0.00062% 5.4% $12.53M 4% $451K 24/7 perp
NATGAStrade.xyz 3.228 3.224 +11.8 bps -0.02% 0.00095% 8.3% $7.07M 7% $3.00M 24/7 perp
PLATINUMtrade.xyz 1,779.8 1,780 -1.1 bps +0.03% 0.00063% 5.5% $4.04M 16% $171K 24/7 perp
PALLADIUMtrade.xyz 1,269.6 1,269.8 -1.6 bps -0.03% -0.00003% -0.3% $2.53M 10% $4,559 24/7 perp

FX

2 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
JPYtrade.xyz 157.29 157.28 +0.6 bps -0.01% 0.00000% 0.0% $29.20M 29% $763K 24/7 perp
GBPtrade.xyz 1.323 1.324 -9.1 bps -0.26% -0.00048% -4.2% $663K 3% $15K 24/7 perp

Rates

4 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
USBONDMarkets by Kinetiq 79.345 79.291 +6.8 bps +0.05% 0.00483% 42.3% $1.35M 13% $133K 24/7 perp
10YParagon 5.168 5.168 +0.0 bps -0.04% 0.00013% 1.1% $1.32M 5% $11K 24/7 perp
2YParagon 4.830 4.864 -69.3 bps -0.45% 0.00013% 1.1% $1.04M 4% $43K 24/7 perp
30YParagon 5.494 5.492 +4.2 bps +0.13% 0.00013% 1.1% $95K 0% $0 24/7 perp

Crypto indices

3 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
TOTAL2Paragon 1,168.4 1,169.7 -11.5 bps +0.57% -0.00822% -72.0% $1.27M 25% $73K 24/7 perp
BTCDParagon 59.205 59.224 -3.2 bps +0.17% -0.00106% -9.3% $1.12M 11% $541K 24/7 perp
OTHERSParagon 229.99 230.24 -10.8 bps -0.43% -0.00721% -63.1% $696K 14% $319K 24/7 perp

Pre-IPO

9 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SPCXtrade.xyz 148.79 148.77 +1.3 bps +0.11% 0.00063% 5.5% $119.11M 16% $2.71M 24/7 perp
CXMTtrade.xyz 8.733 8.737 -4.1 bps -0.42% -0.00235% -20.6% $49.00M 20% $4.79M 24/7 perp
ANTHEntropyIO 2,073.2 2,070.7 +12.1 bps -0.02% 0.00139% 12.2% $36.15M 80% $2.82M 24/7 perp
UNITREEtrade.xyz 73.373 73.370 +0.4 bps -0.06% 0.00063% 5.5% $20.93M 21% $338K 24/7 perp
OAIEntropyIO 1,639.7 1,636.7 +18.3 bps +0.01% 0.00160% 14.0% $6.57M 66% $782K 24/7 perp
UNITREEParagon 72.899 72.813 +11.8 bps -0.29% 0.00075% 6.6% $1.79M 7% $76K 24/7 perp
QNTtrade.xyz 49.154 49.154 +0.0 bps -0.12% -0.00018% -1.5% $1.43M 7% $583K 24/7 perp
SHEINtrade.xyz 4.543 4.551 -18.5 bps -0.20% 0.00180% 15.8% $643K 3% $191K 24/7 perp
OURAtrade.xyz 49.912 49.854 +11.6 bps -0.28% 0.00010% 0.9% $381K 2% $67K 24/7 perp

Other

2 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
ANSEMParagon 0.1762 0.1762 +0.0 bps +0.79% 0.00271% 23.8% $1.62M 32% $285K 24/7 perp
TREADParagon 1.254 1.254 +0.0 bps +46.02% 0.05454% 477.8% $983K 10% $1.62M 24/7 perp

HIP-3 open interest by dex

right now
DexMarketsOpen interestShare24h vol
trade.xyz xyz 108 $3.84B 97.8% $333.19M
EntropyIO io 8 $57.93M 1.5% $21.96M
Paragon para 29 $17.93M 0.5% $3.47M
Markets by Kinetiq mkts 4 $8.53M 0.2% $7.35M

Share of the open interest across every live HIP-3 market, computed from Hyperliquid's own market data.

Weekend & after-hours movers

US stocks, ETFs & indices · vs 24h ago
Market24hMarkBasisOI
NCLDtrade.xyz +1.86% 24.692 -35.1 bps $935K
SMCIParagon +1.59% 44.109 +0.0 bps $307K
GLWParagon +1.45% 158.12 +32.3 bps $301K
SOXLtrade.xyz +1.36% 153.16 -20.8 bps $28.68M
BMNRtrade.xyz +1.35% 27.696 -23.4 bps $3.43M
INTCtrade.xyz +1.25% 124.90 +0.0 bps $153.21M
BEtrade.xyz +1.21% 287.92 +17.4 bps $6.12M
MSTRtrade.xyz +1.10% 161.19 -12.4 bps $56.92M
MRNAtrade.xyz -1.05% 197.86 -29.2 bps $2.69M
DRAMtrade.xyz +0.90% 63.083 -4.3 bps $113.01M

The US market is closed, so these moves happened on Hyperliquid alone: the perp kept trading while the stock did not.

Markets close to their OI cap

≥ 80% of the deployer's cap
MarketOpen interestOI capCap useFunding /h
ANTHEntropyIO $36.15M $45.00M 80% 0.00139%

Recent HIP-3 volume spikes

45 in the last 2 hours
WhenMarketSide$ in 1m× normal+5m+15m+1h
1m ago DRAMtrade.xyz SELL $138K 8.0× — — —
1m ago SKHXtrade.xyz BUY $185K 27.5× — — —
5m ago BRENTOILtrade.xyz BUY $80K 10.2× +0.14% — —
7m ago SP500trade.xyz BUY $128K 4.1× +0.00% — —
7m ago CLtrade.xyz BUY $446K 28.6× +0.03% — —
9m ago SNDKtrade.xyz BUY $96K 20.9× -0.02% — —
10m ago BRENTOILtrade.xyz SELL $466K 59.5× +0.19% — —
11m ago METAtrade.xyz MIXED $76K 57.3× -0.02% — —
11m ago NVDAtrade.xyz BUY $374K 636.8× +0.04% — —
13m ago CLtrade.xyz MIXED $1.03M 102.1× +0.05% — —
14m ago SP500trade.xyz BUY $119K 4.1× +0.02% — —
14m ago BRENTOILtrade.xyz MIXED $146K 20.5× -0.27% — —
15m ago CLtrade.xyz MIXED $180K 17.9× -0.12% +0.22% —
15m ago XYZ100trade.xyz SELL $147K 4.7× +0.00% +0.04% —
19m ago BRENTOILtrade.xyz SELL $305K 42.8× -0.28% -0.10% —

Newest first. +5m / +15m / +1h show what the price did after each spike and fill in as time passes; they describe the past, not a prediction. Live Hyperliquid spike feed →

Mark, oracle, OI caps and 24h change come from Hyperliquid's API (metaAndAssetCtxs and perpDexs); funding is the current hourly rate. Not financial advice.

Hyperliquid stock perps FAQ

What is HIP-3?

HIP-3 lets builders deploy their own perpetual markets on Hyperliquid. A deployer stakes 500,000 HYPE, runs the oracle and sets limits such as open interest caps (HIP-3 docs). Deployers can keep up to 50% of the trading fees their markets generate, and markets in growth mode pay 90% lower protocol fees (fee docs, growth mode announcement). HIP-3 markets are named dex:TICKER, for example xyz:TSLA on trade.xyz.

Can I trade stocks or oil on Hyperliquid?

Yes, as perpetual futures rather than shares: HIP-3 dexes such as trade.xyz list perps that track US and Asian stocks, indices, oil, gold and FX, trading around the clock. You never own the underlying asset. Hyperliquid's terms of use exclude US persons and residents of other restricted jurisdictions.

Why is stock-perp funding low or capped at weekends?

trade.xyz has announced weekend funding caps for its RWA markets (announcement): while the underlying market is shut, the oracle is held by the deployer, so the premium that drives funding does not reflect a live price. Some trade.xyz markets also use a reduced funding multiplier, which lowers their baseline rate below the usual 0.00125% per hour.

What is an OI cap?

Each HIP-3 deployer sets a maximum open interest per market in US dollars. When a market reaches it, orders that would add open interest are rejected until it falls again. Cap use on this page is live open interest divided by that cap; markets above 80% are close to the limit.

How closely do stock perps track the stock?

Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source). Right now the median gap between mark and oracle across liquid HIP-3 markets is 3.7 bps. Outside US hours the oracle is set by the deployer, so the gap says less.

What does the market-closed flag mean?

The US-closed badge marks US stocks, ETFs and indices outside the regular NYSE session (09:30 to 16:00 New York time), at weekends and on exchange holidays. The perp keeps trading 24/7, but its oracle is then maintained by the deployer instead of a live exchange price, so prices can gap when the market reopens. Commodities, FX and non-US stocks follow other hours and carry no badge.