TOTAL2 Perp on Hyperliquid (HIP-3)
TOTAL2 perpetual futures on Hyperliquid's HIP-3 dexes (Crypto indices): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
TOTAL2 trades on 1 HIP-3 dex; on Paragon the mark is 877.60 against an oracle of 879.27, a basis of -19.0 bps. Funding is -0.01317% per hour (-115.4% APR), so shorts pay longs. Open interest is $304K, with Paragon at 12% of its $5.00M cap, and $1.74M traded in 24 hours.
Market health
no active flags- ✓No flagsAvailable data: No TOTAL2 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
ParagonFunding multiplier ×0.6. Paragon applies a funding multiplier of ×0.6 to para:TOTAL2, scaling the rate Hyperliquid's funding formula would otherwise give.
TOTAL2 perp markets on Hyperliquid
Crypto indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:TOTAL2 | 877.60 | 879.27 | -19.0 bps | -2.24% | -0.01317% | -115.4% | ×0.6 | $304K | $5.00M | 12% | $1.74M | 20× | 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.
TOTAL2 contract history
History for para:TOTAL2 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
para:TOTAL2Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
para:TOTAL2 observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.05577% | 0.4462% | 24/24 | |
| 0.00261% | 0.0209% | 24/24 | |
| 0.00364% | 0.0291% | 24/24 | |
| 0.00426% | 0.0341% | 24/24 | |
| 0.01890% | 0.1512% | 24/24 | |
| 0.00328% | 0.0263% | 24/24 | |
| 0.00531% | 0.0425% | 24/24 |
Only para:TOTAL2: 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.
TOTAL2 volume spikes
TOTAL2 across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 14m ago | para:TOTAL2 | SELL | $201K | 718.6× | +0.27% | — | — |
| 39m ago | para:TOTAL2 | BUY | $232K | 1049.7× | 0.00% | +0.26% | — |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
TOTAL2 perp FAQ
What is the TOTAL2 price on Hyperliquid?
The TOTAL2 perp mark is 877.60 on Paragon, against an oracle of 879.27. 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 TOTAL2 funding rate on Hyperliquid?
-0.01317% per hour on Paragon right now (-115.4% 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 (-0.1054% per 8h).
How closely does the TOTAL2 perp track the underlying?
The Paragon mark is 877.60 against an oracle of 879.27, a basis of -19.0 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 TOTAL2 open interest cap?
Paragon caps para:TOTAL2 open interest at $5.00M, measured the way Hyperliquid counts it (long and short sides together); 12% 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.