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XYZ100 Perp on Hyperliquid (HIP-3)

XYZ100 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.

XYZ100 trades on 1 HIP-3 dex; on trade.xyz the mark is 30,578 against an oracle of 30,594, a basis of -5.2 bps. Funding is -0.00026% per hour (-2.3% APR), so shorts pay longs. Open interest is $185.10M, with trade.xyz at 19% of its $1.00B cap, and $36.81M 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 14:33 UTC

Marktrade.xyz
30,578
Oracle 30,594-5.2 bps
Funding per hour
-0.00026%
-2.3% APRshorts pay longs
Open interest
$185.10M
19% of $1.00B cap
24h volumeUS closed
$36.81M
-0.04% 24hopens Mon 09:30 ET

XYZ100 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
trade.xyz xyz:XYZ100growth 30,578 30,594 -5.2 bps -0.04% -0.00026% -2.3% $185.10M $1.00B 19% $36.81M 30× 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.

XYZ100 volume spikes

XYZ100 across exchanges →
Buy-side: 3 · +15m avg +0.00% (33% of 3 went up)Sell-side: 1 · +15m avg -0.01% (100% of 1 went down)
WhenDexSide$ in 1m× normal+5m+15m+1h
28m ago xyz:XYZ100 SELL $232K 7.0× +0.01% -0.01% —
40m ago xyz:XYZ100 BUY $203K 5.9× -0.01% -0.01% —
50m ago xyz:XYZ100 BUY $143K 4.3× +0.00% 0.00% —
60m ago xyz:XYZ100 MIXED $126K 5.4× -0.03% -0.06% -0.12%
70m ago xyz:XYZ100 BUY $117K 5.0× +0.00% +0.01% -0.05%

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

XYZ100 perp FAQ

What is the XYZ100 funding rate on Hyperliquid?

-0.00026% per hour on trade.xyz right now (-2.3% 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 (-0.0021% per 8h).

How closely does the XYZ100 perp track the underlying?

The trade.xyz mark is 30,578 against an oracle of 30,594, a basis of -5.2 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 XYZ100 open interest cap?

trade.xyz caps xyz:XYZ100 open interest at $1.00B; $185.10M is in use right now (19%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade XYZ100 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.