Roundhill Memory ETF (DRAM) Perp on Hyperliquid (HIP-3)
Roundhill Memory ETF (DRAM) perpetual futures on Hyperliquid's HIP-3 dexes (ETFs): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
DRAM trades on 2 HIP-3 dexes; on trade.xyz the mark is 44.624 against an oracle of 44.620, a basis of +0.9 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $39.13M, with trade.xyz at 31% of its $250.00M cap, and $107.14M 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 DRAM 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:DRAM, scaling the rate Hyperliquid's funding formula would otherwise give.
DRAM perp markets on Hyperliquid
ETFs · 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:DRAMgrowth | 44.624 | 44.620 | +0.9 bps | +4.56% | 0.00063% | 5.5% | ×0.5 | $38.77M | $250.00M | 31% | $104.60M | 20× | Trade |
| EntropyIO io:DRAMgrowth | 44.627 | 44.634 | -1.6 bps | +4.42% | 0.00063% | 5.5% | ×0.5 | $355K | $5.00M | 14% | $2.55M | 25× | 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.
DRAM perps elsewhere
same ticker on other venuesDRAM contract history
History for xyz:DRAM 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:DRAMLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:DRAM observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00125% | 0.0100% | 24/24 | |
| 0.00146% | 0.0116% | 24/24 | |
| 0.00039% | 0.0031% | 24/24 | |
| -0.00183% | -0.0146% | 24/24 | |
| 0.00036% | 0.0029% | 24/24 | |
| 0.00149% | 0.0119% | 24/24 | |
| 0.00249% | 0.0199% | 24/24 |
Only xyz:DRAM: 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.
DRAM volume spikes
DRAM across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 5m ago | xyz:DRAM | SELL | $369K | 20.0× | -0.16% | — | — |
| 12m ago | xyz:DRAM | BUY | $436K | 23.7× | +0.25% | — | — |
| 13m ago | xyz:DRAM | BUY | $110K | 6.0× | +0.47% | — | — |
| 69m ago | xyz:DRAM | BUY | $197K | 4.6× | +0.40% | +0.85% | +0.27% |
| 2h ago | xyz:DRAM | BUY | $1.09M | 10.5× | -0.39% | -0.40% | +0.33% |
| 3h ago | xyz:DRAM | SELL | $1.25M | 10.9× | -0.78% | +0.33% | -0.62% |
| 4h ago | xyz:DRAM | BUY | $659K | 5.2× | +0.50% | +0.60% | +0.58% |
| 4h ago | xyz:DRAM | SELL | $667K | 5.8× | +0.02% | +1.23% | +0.19% |
| 4h ago | xyz:DRAM | SELL | $857K | 8.8× | -0.77% | -0.18% | +0.07% |
| 4h ago | xyz:DRAM | MIXED | $2.13M | 26.5× | -0.29% | -1.19% | -0.47% |
| 4h ago | xyz:DRAM | BUY | $588K | 7.3× | +0.44% | -0.64% | -0.47% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
DRAM perp FAQ
What is the DRAM price on Hyperliquid?
The DRAM perp mark is 44.624 on trade.xyz, against an oracle of 44.620. 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 DRAM 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 DRAM perp track the underlying?
The trade.xyz mark is 44.624 against an oracle of 44.620, a basis of +0.9 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 DRAM 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.