10Y Perp on Hyperliquid (HIP-3)
10Y perpetual futures on Hyperliquid's HIP-3 dexes (Rates): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
10Y trades on 1 HIP-3 dex; on Paragon the mark is 4.915 against an oracle of 4.984, a basis of -137.6 bps. Funding is -0.00180% per hour (-15.8% APR), so shorts pay longs. Open interest is $1.25M, with Paragon at 10% of its $25.00M cap, and $652K traded in 24 hours.
Market health
no active flags- ✓No flagsAvailable data: No 10Y market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
ParagonFunding multiplier ×0.1. Paragon applies a funding multiplier of ×0.1 to para:10Y, scaling the rate Hyperliquid's funding formula would otherwise give.
10Y perp markets on Hyperliquid
Rates · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:10Ygrowth | 4.915 | 4.984 | -137.6 bps | -1.92% | -0.00180% | -15.8% | ×0.1 | $1.25M | $25.00M | 10% | $652K | 20× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle. Trade links go to the exchange and may be referral links.
10Y contract history
History for para:10Y only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
para:10YLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
para:10Y observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00029% | 0.0023% | 24/24 | |
| 0.00014% | 0.0011% | 24/24 | |
| 0.00013% | 0.0010% | 24/24 | |
| 0.00013% | 0.0010% | 24/24 | |
| 0.00013% | 0.0010% | 24/24 | |
| 0.00021% | 0.0017% | 24/24 | |
| 0.00013% | 0.0010% | 24/24 |
Only para:10Y: means of recorded hourly quoted funding, not settled payments or realised returns. Hourly means divide the normalized 8h quotes by eight. Coverage counts observed hours out of 24; missing hours are excluded, not treated as zero. Missing dates remain unavailable. The current UTC day is excluded. Annualised projections assume a rate continues and are not historical earnings.
10Y volume spikes
10Y across exchanges →No recent 10Y volume spikes. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
10Y perp FAQ
What is the 10Y price on Hyperliquid?
The 10Y perp mark is 4.915 on Paragon, against an oracle of 4.984. The perp mark is not the exchange-listed underlying price: it is the price of the perpetual contract, and can differ from the underlying. Missing values appear as a dash.
What is the 10Y funding rate on Hyperliquid?
-0.00180% per hour on Paragon right now (-15.8% APR), so shorts pay longs. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (-0.0144% per 8h).
How closely does the 10Y perp track the underlying?
The Paragon mark is 4.915 against an oracle of 4.984, a basis of -137.6 bps. 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).
What is the 10Y open interest cap?
Paragon caps para:10Y open interest at $25.00M, measured the way Hyperliquid counts it (long and short sides together); 10% of the cap is in use right now. When a market reaches its cap, orders that would add open interest are rejected until it falls.