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 50.602 against an oracle of 50.602, a basis of +0.0 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $95.32M, with trade.xyz at 38% of its $500.00M cap, and $81.39M 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 | 50.602 | 50.602 | +0.0 bps | -3.75% | 0.00063% | 5.5% | ×0.5 | $95.32M | $500.00M | 38% | $81.39M | 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 | 50.690 | 0.00000% | 0.0% | $151.97M | $215.31M | 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 |
|---|---|---|---|---|---|---|---|
| 5m ago | xyz:SILVER | BUY | $294K | 5.5× | -0.30% | — | — |
| 10m ago | xyz:SILVER | BUY | $241K | 5.4× | +0.10% | — | — |
| 16m ago | xyz:SILVER | SELL | $559K | 14.4× | -0.06% | -0.27% | — |
| 17m ago | xyz:SILVER | BUY | $233K | 6.4× | +0.05% | -0.34% | — |
| 28m ago | xyz:SILVER | BUY | $503K | 18.0× | -0.62% | -0.49% | — |
| 35m ago | xyz:SILVER | BUY | $540K | 23.9× | +0.13% | -0.58% | — |
| 56m ago | xyz:SILVER | SELL | $1.76M | 90.3× | +0.08% | +0.22% | — |
| 71m ago | xyz:SILVER | BUY | $88K | 4.8× | -0.10% | -0.23% | -0.49% |
| 2h ago | xyz:SILVER | MIXED | $425K | 22.0× | +0.05% | +0.09% | -0.03% |
| 2h ago | xyz:SILVER | SELL | $101K | 5.2× | +0.19% | +0.07% | 0.00% |
| 2h ago | xyz:SILVER | BUY | $110K | 4.9× | -0.16% | -0.08% | -0.26% |
| 2h ago | xyz:SILVER | BUY | $3.51M | 156.0× | -0.03% | -0.12% | -0.18% |
| 2h ago | xyz:SILVER | MIXED | $977K | 50.1× | -0.07% | -0.16% | -0.09% |
| 2h ago | xyz:SILVER | BUY | $195K | 10.8× | -0.05% | -0.14% | -0.06% |
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 50.602 on trade.xyz, against an oracle of 50.602. 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 50.602 against an oracle of 50.602, 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).
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); 38% 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.