BTCD perp markets on Hyperliquid
Crypto indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:BTCD | 59.206 | 59.227 | -3.5 bps | +0.17% | -0.00103% | -9.0% | $1.12M | $10.00M | 11% | $541K | 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.
BTCD volume spikes
BTCD across exchanges →No BTCD volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
BTCD perp FAQ
What is the BTCD funding rate on Hyperliquid?
-0.00103% per hour on Paragon right now (-9.0% 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 (-0.0082% per 8h).
How closely does the BTCD perp track the underlying?
The Paragon mark is 59.206 against an oracle of 59.227, a basis of -3.5 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 BTCD open interest cap?
Paragon caps para:BTCD open interest at $10.00M; $1.12M is in use right now (11%). When a market reaches its cap, orders that would add open interest are rejected until it falls.