Micron (MU) Perp on Hyperliquid (HIP-3)
Micron (MU) 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.
MU trades on 1 HIP-3 dex; on trade.xyz the mark is 797.38 against an oracle of 796.90, a basis of +6.0 bps. Funding is 0.00168% per hour (14.7% APR), so longs pay shorts. Open interest is $80.24M, with trade.xyz at 32% of its $500.00M cap, and $192.20M 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 MU 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:MU, scaling the rate Hyperliquid's funding formula would otherwise give.
MU 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:MUgrowth | 797.38 | 796.90 | +6.0 bps | +5.63% | 0.00168% | 14.7% | ×0.5 | $80.24M | $500.00M | 32% | $192.20M | 10× | 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.
MU perps elsewhere
same ticker on other venuesMU contract history
History for xyz:MU 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:MULoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:MU observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00087% | 0.0070% | 24/24 | |
| 0.00113% | 0.0090% | 24/24 | |
| 0.00020% | 0.0016% | 24/24 | |
| -0.00136% | -0.0109% | 24/24 | |
| -0.00018% | -0.0014% | 24/24 | |
| 0.00132% | 0.0105% | 24/24 | |
| 0.00401% | 0.0321% | 24/24 |
Only xyz:MU: 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.
MU volume spikes
MU across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 59m ago | xyz:MU | BUY | $393K | 10.0× | +0.23% | +0.26% | — |
| 65m ago | xyz:MU | BUY | $191K | 4.9× | +0.13% | +0.68% | -0.39% |
| 2h ago | xyz:MU | BUY | $335K | 4.9× | -0.14% | +0.18% | +0.76% |
| 3h ago | xyz:MU | BUY | $613K | 4.8× | -0.36% | -0.30% | -0.19% |
| 4h ago | xyz:MU | SELL | $1.43M | 11.2× | -0.82% | +0.57% | +0.70% |
| 4h ago | xyz:MU | BUY | $1.60M | 13.1× | -0.78% | -1.61% | -0.52% |
| 4h ago | xyz:MU | MIXED | $566K | 4.6× | +0.16% | -1.10% | -0.17% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
MU perp FAQ
What is the MU price on Hyperliquid?
The MU perp mark is 797.38 on trade.xyz, against an oracle of 796.90. 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 MU funding rate on Hyperliquid?
0.00168% per hour on trade.xyz right now (14.7% 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 (0.0134% per 8h).
How closely does the MU perp track the underlying?
The trade.xyz mark is 797.38 against an oracle of 796.90, a basis of +6.0 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.
Can I trade MU 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.