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SMALL2000 Perp on Hyperliquid (HIP-3)

SMALL2000 perpetual futures on Hyperliquid's HIP-3 dexes (US indices): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.

SMALL2000 trades on 1 HIP-3 dex; on Markets by Kinetiq the mark is 282.08 against an oracle of 282.15, a basis of -2.5 bps. Funding is -0.00301% per hour (-26.3% APR), so shorts pay longs. Open interest is $804K, with Markets by Kinetiq at 8% of its $10.00M cap, and $534K 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 17:43 UTC

MarkMarkets by Kinetiq
282.08
Oracle 282.15-2.5 bps
Funding per hour
-0.00301%
-26.3% APRshorts pay longs
Open interest
$804K
8% of $10.00M cap
24h volumeUS closed
$534K
+0.03% 24hopens Mon 09:30 ET

SMALL2000 perp markets on Hyperliquid

US indices · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
Markets by Kinetiq mkts:SMALL2000growth 282.08 282.15 -2.5 bps +0.03% -0.00301% -26.3% $804K $10.00M 8% $534K 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.

SMALL2000 volume spikes

SMALL2000 across exchanges →

No SMALL2000 volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.

SMALL2000 perp FAQ

What is the SMALL2000 funding rate on Hyperliquid?

-0.00301% per hour on Markets by Kinetiq right now (-26.3% 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 (-0.0240% per 8h).

How closely does the SMALL2000 perp track the underlying?

The Markets by Kinetiq mark is 282.08 against an oracle of 282.15, a basis of -2.5 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 SMALL2000 open interest cap?

Markets by Kinetiq caps mkts:SMALL2000 open interest at $10.00M; $804K is in use right now (8%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade SMALL2000 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.