Circle (CRCL) Perp on Hyperliquid (HIP-3)
Circle (CRCL) perpetual futures on Hyperliquid's HIP-3 dexes (US stocks): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
CRCL trades on 2 HIP-3 dexes; on trade.xyz the mark is 65.918 against an oracle of 65.908, a basis of +1.5 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $39.12M, with trade.xyz at 31% of its $250.00M cap, and $23.01M traded in 24 hours. The US market is closed (after hours) until Thu 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.
Market health
no active flags- ✓No flagsAvailable data: No CRCL 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
trade.xyzFunding multiplier ×0.5. trade.xyz applies a funding multiplier of ×0.5 to xyz:CRCL, scaling the rate Hyperliquid's funding formula would otherwise give.
CRCL perp markets on Hyperliquid
US stocks · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:CRCLgrowth | 65.918 | 65.908 | +1.5 bps | +0.36% | 0.00063% | 5.5% | ×0.5 | $38.88M | $250.00M | 31% | $22.58M | 10× | Trade |
| EntropyIO io:CRCLgrowth | 65.904 | 65.912 | -1.2 bps | +0.23% | -0.00027% | -2.3% | ×0.5 | $240K | $10.00M | 5% | $427K | 15× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle; while the US market is closed the oracle is maintained by the deployer, not a live exchange price. Trade links go to the exchange and may be referral links.
CRCL perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| Bybit CRCLUSDT | 65.960 | 0.00066% | 5.8% | $6.67M | $11.53M | Trade |
CRCL contract history
History for xyz:CRCL 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
xyz:CRCLLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:CRCL observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00072% | 0.0057% | 24/24 | |
| 0.00176% | 0.0141% | 24/24 | |
| 0.00096% | 0.0077% | 24/24 | |
| -0.00100% | -0.0080% | 24/24 | |
| 0.00026% | 0.0021% | 24/24 | |
| 0.00149% | 0.0119% | 24/24 | |
| 0.00194% | 0.0155% | 24/24 |
Only xyz:CRCL: 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.
CRCL volume spikes
CRCL across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 2h ago | xyz:CRCL | SELL | $103K | 19.5× | +0.21% | +0.18% | +0.61% |
| 2h ago | xyz:CRCL | BUY | $120K | 29.5× | -0.60% | -0.35% | -0.55% |
| 3h ago | xyz:CRCL | SELL | $111K | 27.1× | -0.18% | -0.64% | -0.64% |
| 3h ago | xyz:CRCL | SELL | $120K | 29.7× | +0.17% | -0.03% | -0.79% |
| 3h ago | xyz:CRCL | BUY | $198K | 41.8× | +0.18% | +0.01% | -0.87% |
| 3h ago | xyz:CRCL | SELL | $232K | 46.8× | +0.30% | +0.75% | -0.04% |
| 4h ago | xyz:CRCL | SELL | $81K | 14.7× | +0.01% | +0.25% | +0.43% |
| 5h ago | xyz:CRCL | SELL | $81K | 20.5× | -0.31% | -0.54% | -0.17% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
CRCL perp FAQ
What is the CRCL price on Hyperliquid?
The CRCL perp mark is 65.918 on trade.xyz, against an oracle of 65.908. 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 CRCL funding rate on Hyperliquid?
0.00063% per hour on trade.xyz right now (5.5% APR), so longs pay shorts. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0050% per 8h).
How closely does the CRCL perp track the underlying?
The trade.xyz mark is 65.918 against an oracle of 65.908, a basis of +1.5 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). The US market is closed right now, so the deployer maintains the oracle until the open.
Can I trade CRCL when the US market is closed?
Yes. The perp trades 24/7 on Hyperliquid, but the US session runs 09:30 to 16:00 New York time on trading days; outside it the oracle is set by the deployer and prices can gap at the open. Status now: US market closed · after hours.