Volume Monitor
Live crypto data · Binance · Bybit · Hyperliquid

MSFT Perp on Hyperliquid (HIP-3)

MSFT 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.

MSFT trades on 1 HIP-3 dex; on trade.xyz the mark is 517.05 against an oracle of 517.05, a basis of +0.0 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $23.97M, with trade.xyz at 10% of its $250.00M cap, and $1.96M traded in 24 hours. The US market is closed (weekend) until Mon 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.

US market closed · weekendAs of 15:18 UTC

Marktrade.xyz
517.05
Oracle 517.05+0.0 bps
Funding per hour
0.00063%
5.5% APRlongs pay shorts
Open interest
$23.97M
10% of $250.00M cap
24h volumeUS closed
$1.96M
-0.12% 24hopens Mon 09:30 ET

MSFT perp markets on Hyperliquid

US stocks · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
trade.xyz xyz:MSFTgrowth 517.05 517.05 +0.0 bps -0.12% 0.00063% 5.5% $23.97M $250.00M 10% $1.96M 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.

MSFT perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
Bybit MSFTUSDT 517.27 -0.00044% -3.8% $4.28M $535K Trade

MSFT volume spikes

MSFT across exchanges →
Buy-side: 0Sell-side: 1 · +15m avg +0.02% (0% of 1 went down)
WhenDexSide$ in 1m× normal+5m+15m+1h
47m ago xyz:MSFT SELL $94K 282.9× +0.01% +0.02% —

Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.

MSFT perp FAQ

What is the MSFT 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 MSFT perp track the underlying?

The trade.xyz mark is 517.05 against an oracle of 517.05, a basis of +0.0 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.

What is the MSFT open interest cap?

trade.xyz caps xyz:MSFT open interest at $250.00M; $23.97M is in use right now (10%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade MSFT 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 · weekend.