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ZHIPU Perp on Hyperliquid (HIP-3)

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

ZHIPU trades on 1 HIP-3 dex; on trade.xyz the mark is 81.116 against an oracle of 81.251, a basis of -16.6 bps. Funding is -0.00752% per hour (-65.8% APR), so shorts pay longs. Open interest is $22.77M, with trade.xyz at 23% of its $100.00M cap, and $129K traded in 24 hours. On Bybit the ZHIPUUSDT perp funds at 0.00000% per hour (0.0% APR).

As of 19:11 UTC

Marktrade.xyz
81.116
Oracle 81.251-16.6 bps
Funding per hour
-0.00752%
-65.8% APRshorts pay longs
Open interest
$22.77M
23% of $100.00M cap
24h volume
$129K
-0.41% 24h

ZHIPU perp markets on Hyperliquid

Non-US stocks & 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:ZHIPUgrowth 81.116 81.251 -16.6 bps -0.41% -0.00752% -65.8% $22.77M $100.00M 23% $129K 10× 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.

ZHIPU perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
Bybit ZHIPUUSDT 81.190 0.00000% 0.0% $1.33M $435K Trade
HTX ZHIPU-USDT 81.120 0.00000% 0.0% $43K $107K Trade

ZHIPU volume spikes

ZHIPU across exchanges →

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

ZHIPU perp FAQ

What is the ZHIPU funding rate on Hyperliquid?

-0.00752% per hour on trade.xyz right now (-65.8% 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 (-0.0601% per 8h).

How closely does the ZHIPU perp track the underlying?

The trade.xyz mark is 81.116 against an oracle of 81.251, a basis of -16.6 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 ZHIPU open interest cap?

trade.xyz caps xyz:ZHIPU open interest at $100.00M; $22.77M is in use right now (23%). When a market reaches its cap, orders that would add open interest are rejected until it falls.