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XBI Perp on Hyperliquid (HIP-3)

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

XBI trades on 1 HIP-3 dex; on trade.xyz the mark is 156.08 against an oracle of 155.74, a basis of +21.8 bps. Funding is 0.01406% per hour (123.2% APR), so longs pay shorts. Open interest is $144K, with trade.xyz at 1% of its $25.00M cap, and $2,523 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 19:11 UTC

Marktrade.xyz
156.08
Oracle 155.74+21.8 bps
Funding per hour
0.01406%
123.2% APRlongs pay shorts
Open interest
$144K
1% of $25.00M cap
24h volumeUS closed
$2,523
+0.58% 24hopens Mon 09:30 ET

XBI perp markets on Hyperliquid

ETFs · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
trade.xyz xyz:XBIgrowth 156.08 155.74 +21.8 bps +0.58% 0.01406% 123.2% $144K $25.00M 1% $2,523 10× 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.

XBI perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
Bybit XBIUSDT 155.60 0.00000% 0.0% $101K $6,587 Trade
HTX XBI-USDT 156.05 0.00000% 0.0% $840 $61K Trade

XBI volume spikes

XBI across exchanges →

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

XBI perp FAQ

What is the XBI funding rate on Hyperliquid?

0.01406% per hour on trade.xyz right now (123.2% 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 (0.1125% per 8h).

How closely does the XBI perp track the underlying?

The trade.xyz mark is 156.08 against an oracle of 155.74, a basis of +21.8 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). The US market is closed right now, so the deployer maintains the oracle until the open.

What is the XBI open interest cap?

trade.xyz caps xyz:XBI open interest at $25.00M; $144K is in use right now (1%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade XBI 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.