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SKHX Perp on Hyperliquid (HIP-3)

SKHX perpetual futures on Hyperliquid's HIP-3 dexes (Non-US stocks & indices): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.

SKHX trades on 1 HIP-3 dex; on trade.xyz the mark is 1,366.4 against an oracle of 1,367.2, a basis of -5.9 bps. Funding is -0.00054% per hour (-4.7% APR), so shorts pay longs. Open interest is $333.76M, with trade.xyz at 33% of its $1.00B cap, and $14.29M traded in 24 hours.

As of 15:20 UTC

Marktrade.xyz
1,366.4
Oracle 1,367.2-5.9 bps
Funding per hour
-0.00054%
-4.7% APRshorts pay longs
Open interest
$333.76M
33% of $1.00B cap
24h volume
$14.29M
+0.25% 24h

SKHX perp markets on Hyperliquid

Non-US stocks & indices · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
trade.xyz xyz:SKHXgrowth 1,366.4 1,367.2 -5.9 bps +0.25% -0.00054% -4.7% $333.76M $1.00B 33% $14.29M 10× 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.

SKHX volume spikes

SKHX across exchanges →
Buy-side: 2 · +15m avg +0.04% (100% of 1 went up)Sell-side: 1 · +15m avg -0.01% (100% of 1 went down)
WhenDexSide$ in 1m× normal+5m+15m+1h
3m ago xyz:SKHX BUY $185K 27.5× — — —
46m ago xyz:SKHX MIXED $88K 8.0× -0.04% -0.01% —
62m ago xyz:SKHX BUY $101K 9.2× -0.04% +0.04% +0.01%
82m ago xyz:SKHX SELL $90K 8.6× +0.02% -0.01% -0.03%

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

SKHX perp FAQ

What is the SKHX funding rate on Hyperliquid?

-0.00054% per hour on trade.xyz right now (-4.7% APR), so shorts pay longs. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (-0.0043% per 8h).

How closely does the SKHX perp track the underlying?

The trade.xyz mark is 1,366.4 against an oracle of 1,367.2, a basis of -5.9 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 SKHX open interest cap?

trade.xyz caps xyz:SKHX open interest at $1.00B; $333.76M is in use right now (33%). When a market reaches its cap, orders that would add open interest are rejected until it falls.