Silver (SILVER) Perp on Hyperliquid (HIP-3)
Silver (SILVER) perpetual futures on Hyperliquid's HIP-3 dexes (Oil, gold & commodities): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
SILVER trades on 1 HIP-3 dex; on trade.xyz the mark is 51.406 against an oracle of 51.397, a basis of +1.8 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $99.33M, with trade.xyz at 40% of its $500.00M cap, and $49.93M traded in 24 hours. On MEXC the SILVER_USDT perp funds at 0.00000% per hour (0.0% APR).
Market health
no active flags- ✓No flagsAvailable data: No SILVER 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:SILVER, scaling the rate Hyperliquid's funding formula would otherwise give.
SILVER perp markets on Hyperliquid
Oil, gold & commodities · 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:SILVERgrowth | 51.406 | 51.397 | +1.8 bps | -1.93% | 0.00063% | 5.5% | ×0.5 | $99.33M | $500.00M | 40% | $49.93M | 25× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle. Trade links go to the exchange and may be referral links.
SILVER perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | 51.440 | 0.00000% | 0.0% | $164.42M | $167.41M | Trade |
SILVER contract history
History for xyz:SILVER 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:SILVERLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:SILVER observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00083% | 0.0066% | 24/24 | |
| 0.00078% | 0.0062% | 24/24 | |
| 0.00049% | 0.0039% | 24/24 | |
| -0.00083% | -0.0066% | 24/24 | |
| 0.00063% | 0.0050% | 24/24 | |
| 0.00069% | 0.0055% | 24/24 | |
| 0.00017% | 0.0013% | 24/24 |
Only xyz:SILVER: 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.
SILVER volume spikes
SILVER across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 51m ago | xyz:SILVER | SELL | $146K | 5.2× | -0.25% | -0.13% | — |
| 2h ago | xyz:SILVER | SELL | $211K | 6.0× | +0.04% | -0.18% | -0.05% |
| 2h ago | xyz:SILVER | SELL | $310K | 6.9× | +0.14% | +0.13% | +0.11% |
| 2h ago | xyz:SILVER | BUY | $593K | 12.6× | -0.11% | -0.45% | -0.61% |
| 2h ago | xyz:SILVER | MIXED | $224K | 4.7× | +0.08% | -0.13% | -0.33% |
| 3h ago | xyz:SILVER | BUY | $427K | 6.4× | +0.25% | +0.34% | +0.86% |
| 3h ago | xyz:SILVER | BUY | $515K | 8.3× | -0.19% | +0.30% | +0.99% |
| 3h ago | xyz:SILVER | MIXED | $1.31M | 22.9× | 0.00% | -0.04% | +1.21% |
| 4h ago | xyz:SILVER | SELL | $159K | 4.4× | -0.04% | -0.10% | +0.43% |
| 4h ago | xyz:SILVER | SELL | $164K | 5.0× | +0.23% | +0.13% | +0.61% |
| 4h ago | xyz:SILVER | BUY | $339K | 10.6× | -0.01% | -0.04% | +0.30% |
| 4h ago | xyz:SILVER | BUY | $184K | 10.2× | -0.11% | -0.36% | +0.16% |
| 4h ago | xyz:SILVER | SELL | $184K | 25.3× | -0.11% | -0.06% | -0.44% |
| 4h ago | xyz:SILVER | BUY | $194K | 26.4× | -0.18% | -0.42% | -0.75% |
| 4h ago | xyz:SILVER | BUY | $89K | 12.2× | -0.09% | -0.43% | -0.73% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
SILVER perp FAQ
What is the SILVER price on Hyperliquid?
The SILVER perp mark is 51.406 on trade.xyz, against an oracle of 51.397. 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 SILVER 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 SILVER perp track the underlying?
The trade.xyz mark is 51.406 against an oracle of 51.397, a basis of +1.8 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).
What is the SILVER open interest cap?
trade.xyz caps xyz:SILVER open interest at $500.00M, measured the way Hyperliquid counts it (long and short sides together); 40% of the cap is in use right now. When a market reaches its cap, orders that would add open interest are rejected until it falls.