TREAD perp markets on Hyperliquid
Other · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:TREAD | 1.229 | 1.224 | +38.8 bps | +43.17% | 0.05372% | 470.6% | $962K | $10.00M | 10% | $1.63M | 5× | 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.
TREAD perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| Mexc TREAD_USDT | 1.248 | 0.05480% | 480.0% | $119K | $140K | Trade |
TREAD volume spikes
TREAD across exchanges →No TREAD volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
TREAD perp FAQ
What is the TREAD funding rate on Hyperliquid?
0.05372% per hour on Paragon right now (470.6% 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 (0.4298% per 8h).
How closely does the TREAD perp track the underlying?
The Paragon mark is 1.229 against an oracle of 1.224, a basis of +38.8 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 TREAD open interest cap?
Paragon caps para:TREAD open interest at $10.00M; $962K is in use right now (10%). When a market reaches its cap, orders that would add open interest are rejected until it falls.