Meta Platforms (META) Perp on Hyperliquid (HIP-3)
Meta Platforms (META) 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.
META trades on 1 HIP-3 dex; on trade.xyz the mark is 630.53 against an oracle of 630.39, a basis of +2.2 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $25.66M, with trade.xyz at 17% of its $300.00M cap, and $26.12M 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 META 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:META, scaling the rate Hyperliquid's funding formula would otherwise give.
META 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:METAgrowth | 630.53 | 630.39 | +2.2 bps | -2.76% | 0.00063% | 5.5% | ×0.5 | $25.66M | $300.00M | 17% | $26.12M | 20× | 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.
META perps elsewhere
same ticker on other venuesMETA contract history
History for xyz:META 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:METALoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:META observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00061% | 0.0049% | 24/24 | |
| 0.00068% | 0.0054% | 24/24 | |
| 0.00052% | 0.0042% | 24/24 | |
| 0.00081% | 0.0065% | 24/24 | |
| 0.00045% | 0.0036% | 24/24 | |
| -0.00035% | -0.0028% | 24/24 | |
| 0.00188% | 0.0150% | 24/24 |
Only xyz:META: 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.
META volume spikes
META across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 2h ago | xyz:META | BUY | $79K | 14.5× | -0.01% | -0.11% | +0.21% |
| 3h ago | xyz:META | BUY | $133K | 23.4× | -0.03% | -0.13% | -0.09% |
| 3h ago | xyz:META | SELL | $84K | 12.9× | -0.25% | +0.01% | -0.17% |
| 4h ago | xyz:META | SELL | $279K | 18.0× | -0.09% | -0.16% | -0.76% |
| 4h ago | xyz:META | BUY | $146K | 15.6× | -0.07% | -0.17% | -0.80% |
| 4h ago | xyz:META | BUY | $310K | 49.8× | -0.34% | -0.31% | -1.12% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
META perp FAQ
What is the META price on Hyperliquid?
The META perp mark is 630.53 on trade.xyz, against an oracle of 630.39. 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 META 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 META perp track the underlying?
The trade.xyz mark is 630.53 against an oracle of 630.39, a basis of +2.2 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 META 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.