Volume Monitor
Live crypto data · Binance · Bybit · Hyperliquid

Hyperliquid Stock Perps (HIP-3) Live

Live funding, open interest, OI-cap use and mark-vs-oracle basis for every HIP-3 market on Hyperliquid: stock, index, oil, gold and FX perps deployed by trade.xyz and other builders.

149 HIP-3 markets are live on 4 builder-deployed dexes, with $3.92B of open interest and $352.77M traded in the last 24 hours. trade.xyz holds 97.8% of HIP-3 open interest right now; the next largest is EntropyIO at 1.5%. The US stock market is closed (weekend) and reopens Mon 09:30 ET; the biggest stock-perp mover since yesterday is SOXL at +1.68%. ANTH on EntropyIO is using 80% of its $45.00M open interest cap.

US market closed · weekendAs of 14:30 UTC

HIP-3 open interest
$3.92B
1 market ≥ 80% of OI cap
24h volume
$352.77M
149 markets · 138 tickers
trade.xyz share of OIright now
97.8%
4 dexes with live markets
US stock market
Closed
Weekend · opens Mon 09:30 ET

US stocks

85 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
MUtrade.xyz 1,090.3 1,091.4 -10.1 bps +0.46% 0.00063% 5.5% $158.04M 32% $14.27M US closed
INTCtrade.xyz 124.87 125.28 -32.7 bps +1.30% -0.00755% -66.1% $153.20M 44% $9.78M US closed
NVDAtrade.xyz 224.86 225.00 -6.2 bps +0.24% -0.00062% -5.4% $137.40M 27% $3.46M US closed
SNDKtrade.xyz 1,776.6 1,777.4 -4.5 bps +0.24% 0.00063% 5.5% $127.46M 25% $5.12M US closed
GOOGLtrade.xyz 343.58 343.65 -2.0 bps +0.11% 0.00063% 5.5% $109.04M 31% $2.98M US closed
CRCLtrade.xyz 89.603 89.767 -18.3 bps +0.66% 0.00284% 24.9% $108.81M 73% $5.75M US closed
METAtrade.xyz 748.38 749.00 -8.3 bps +0.09% -0.00245% -21.4% $67.63M 34% $7.85M US closed
MSTRtrade.xyz 161.66 161.91 -15.4 bps +1.49% 0.00535% 46.9% $57.17M 38% $3.04M US closed
TSLAtrade.xyz 372.70 372.95 -6.7 bps +0.20% -0.00132% -11.6% $47.16M 47% $1.69M US closed
CBRStrade.xyz 206.41 206.80 -18.9 bps -0.21% -0.00332% -29.0% $42.34M 28% $395K US closed
HOODtrade.xyz 119.31 119.52 -17.6 bps +0.62% -0.00142% -12.5% $41.18M 27% $1.44M US closed
AAPLtrade.xyz 339.95 340.07 -3.5 bps -0.03% 0.00057% 5.0% $35.56M 18% $1.68M US closed
NBIStrade.xyz 239.48 239.90 -17.5 bps +0.41% 0.00063% 5.5% $33.86M 23% $1.02M US closed
AMZNtrade.xyz 249.27 249.31 -1.6 bps -0.10% -0.00120% -10.5% $29.32M 29% $2.48M US closed
ORCLtrade.xyz 137.81 137.98 -12.3 bps +0.27% -0.00304% -26.6% $24.15M 16% $1.08M US closed
MSFTtrade.xyz 516.98 517.38 -7.7 bps -0.03% -0.00118% -10.3% $24.08M 10% $1.83M US closed
AMDtrade.xyz 632.94 633.87 -14.7 bps +0.58% -0.00250% -21.9% $16.79M 17% $8.02M US closed
PURRDATtrade.xyz 12.878 12.930 -40.2 bps +0.14% -0.01300% -113.9% $16.34M 33% $706K US closed
AVGOtrade.xyz 352.85 353.14 -8.2 bps -0.47% -0.00121% -10.6% $14.69M 20% $653K US closed
PLTRtrade.xyz 190.49 191.12 -33.0 bps +0.40% -0.01026% -89.9% $14.16M 9% $3.84M US closed
BBtrade.xyz 8.117 8.119 -2.3 bps -0.38% 0.00247% 21.6% $13.21M 18% $445K US closed
COINtrade.xyz 197.10 197.57 -23.8 bps +0.77% 0.00063% 5.5% $13.01M 26% $1.44M US closed
BABAtrade.xyz 110.18 110.26 -7.3 bps -0.14% -0.00066% -5.7% $12.82M 26% $322K US closed
MRVLtrade.xyz 263.71 263.98 -10.2 bps +0.44% 0.00058% 5.1% $12.79M 6% $1.12M US closed
LITEtrade.xyz 942.21 943.57 -14.4 bps +0.62% -0.00217% -19.0% $11.73M 12% $168K US closed
LLYtrade.xyz 1,183.4 1,183.4 +0.0 bps -0.04% 0.00066% 5.8% $11.25M 45% $93K US closed
RKLBtrade.xyz 73.966 74.085 -16.1 bps -0.11% -0.00279% -24.5% $10.51M 21% $1.38M US closed
STRCtrade.xyz 98.780 98.769 +1.1 bps -0.04% 0.00063% 5.5% $9.94M 20% $60K US closed
NBISEntropyIO 239.78 239.71 +2.9 bps +0.53% 0.00016% 1.4% $9.31M 62% $1.18M US closed
TSMtrade.xyz 452.23 452.51 -6.2 bps +0.17% 0.00063% 5.5% $9.20M 18% $168K US closed
CRWVtrade.xyz 87.191 87.357 -19.0 bps +0.31% -0.00132% -11.5% $8.10M 16% $1.24M US closed
QCOMtrade.xyz 203.89 204.05 -7.8 bps +0.56% 0.00063% 5.5% $7.04M 28% $284K US closed
DELLtrade.xyz 565.40 565.44 -0.7 bps +0.58% 0.00241% 21.1% $7.00M 28% $541K US closed
NFLXtrade.xyz 71.054 71.087 -4.6 bps -0.25% 0.00059% 5.1% $6.17M 12% $257K US closed
BEtrade.xyz 287.23 287.34 -3.8 bps +1.07% 0.00236% 20.7% $5.98M 24% $233K US closed
ARMtrade.xyz 312.87 313.26 -12.4 bps +0.38% 0.00015% 1.3% $5.58M 11% $789K US closed
SNDKEntropyIO 1,777.3 1,777.1 +1.1 bps +0.31% 0.00016% 1.4% $4.95M 50% $16.20M US closed
IRENtrade.xyz 44.395 44.494 -22.3 bps +0.58% 0.00063% 5.5% $4.63M 19% $118K US closed
USARtrade.xyz 15.239 15.261 -14.4 bps +0.54% -0.00265% -23.2% $3.51M 14% $40K US closed
BMNRtrade.xyz 27.748 27.857 -39.1 bps +1.65% -0.00485% -42.5% $3.43M 14% $63K US closed
GMEtrade.xyz 23.685 23.698 -5.5 bps +0.78% -0.00216% -19.0% $3.30M 13% $523K US closed
HIMStrade.xyz 29.173 29.173 +0.0 bps +0.19% -0.00272% -23.8% $3.14M 13% $101K US closed
BOTtrade.xyz 29.219 29.207 +4.1 bps +0.60% -0.00392% -34.3% $2.98M 12% $29K US closed
WDCtrade.xyz 462.33 463.28 -20.5 bps +0.47% -0.00112% -9.8% $2.78M 6% $950K US closed
MRNAtrade.xyz 198.30 199.39 -54.7 bps -0.75% -0.02503% -219.3% $2.72M 4% $752K US closed
ASMLtrade.xyz 1,743.4 1,743.4 +0.0 bps -0.07% 0.00111% 9.7% $2.43M 10% $65K US closed
AMATtrade.xyz 484.67 485.37 -14.4 bps -0.25% -0.00278% -24.4% $2.18M 9% $211K US closed
NOWtrade.xyz 135.79 135.85 -4.4 bps +0.02% -0.00368% -32.3% $2.04M 8% $5,725 US closed
NOKtrade.xyz 10.398 10.402 -3.8 bps +0.27% -0.00191% -16.7% $2.04M 8% $64K US closed
AAOItrade.xyz 101.90 102.02 -11.8 bps +0.76% 0.00063% 5.5% $1.85M 7% $77K US closed
IBMtrade.xyz 226.16 226.19 -1.3 bps +0.04% 0.00003% 0.2% $1.66M 3% $27K US closed
VSTParagon 138.91 138.82 +6.5 bps +0.01% 0.00075% 6.6% $1.65M 7% $36K US closed
CRWDtrade.xyz 254.81 254.70 +4.3 bps +0.35% 0.01101% 96.4% $1.31M 5% $140K US closed
TTWOParagon 201.88 201.88 +0.0 bps -0.04% -0.00251% -22.0% $1.09M 4% $13K US closed
CRDOParagon 209.57 210.18 -29.1 bps +0.44% -0.00954% -83.6% $1.05M 4% $102K US closed
COSTtrade.xyz 924.07 922.61 +15.8 bps +0.22% 0.00063% 5.5% $1.02M 4% $12K US closed
DKNGtrade.xyz 22.034 22.063 -13.1 bps +0.03% -0.00146% -12.8% $966K 4% $58K US closed
NETtrade.xyz 349.61 349.55 +1.7 bps -0.40% 0.00063% 5.5% $696K 3% $167K US closed
BXtrade.xyz 118.10 118.14 -3.4 bps -0.16% 0.00023% 2.1% $600K 2% $12K US closed
ZMtrade.xyz 90.222 90.282 -6.6 bps -0.12% 0.00225% 19.7% $593K 2% $15K US closed
AVGOParagon 352.84 354.11 -35.9 bps -0.36% -0.00943% -82.6% $589K 2% $1,601 US closed
SHAZtrade.xyz 55.116 55.193 -14.0 bps -0.08% -0.00760% -66.6% $563K 2% $18K US closed
IRENParagon 44.418 44.407 +2.5 bps +0.35% 0.01776% 155.5% $539K 2% $2,607 US closed
COHRParagon 299.38 299.35 +0.9 bps +0.51% 0.01447% 126.7% $511K 2% $311 US closed
RIVNtrade.xyz 15.397 15.403 -3.9 bps -0.27% -0.00473% -41.4% $496K 2% $19K US closed
STXParagon 920.68 918.51 +23.6 bps -0.09% 0.01729% 151.5% $436K 2% $186K US closed
GEVtrade.xyz 956.65 956.26 +4.1 bps +0.27% 0.00063% 5.5% $430K 2% $11K US closed
GPROEntropyIO 1.280 1.284 -36.6 bps -0.23% -0.00483% -42.3% $392K 8% $31K US closed
SMCIParagon 44.124 44.087 +8.5 bps +1.62% 0.01767% 154.8% $307K 1% $12K US closed
GLWParagon 157.99 157.57 +26.7 bps +1.37% 0.02346% 205.5% $300K 1% $471 US closed
EBAYtrade.xyz 108.64 108.57 +6.4 bps -0.08% 0.00407% 35.7% $285K 1% $2,606 US closed
RDDTtrade.xyz 150.03 150.25 -14.6 bps +0.09% -0.00059% -5.2% $278K 1% $44K US closed
NETParagon 349.03 349.03 +0.0 bps -0.11% -0.01012% -88.6% $261K 1% $3,910 US closed
SOFIParagon 16.512 16.528 -9.5 bps -0.25% -0.02133% -186.8% $252K 1% $80K US closed
LRCXParagon 314.98 315.33 -11.2 bps +0.16% 0.00075% 6.6% $190K 1% $16K US closed
CIFRParagon 17.685 17.685 +0.0 bps -0.20% -0.00646% -56.5% $186K 1% $8,130 US closed
AAOIParagon 101.77 101.88 -11.2 bps +0.24% 0.01578% 138.2% $155K 1% $1,175 US closed
TERParagon 396.86 397.03 -4.3 bps +0.57% -0.01319% -115.5% $124K 0% $2,235 US closed
IONQEntropyIO 45.790 45.575 +47.2 bps +0.51% 0.00636% 55.7% $110K 2% $90K US closed
RDDTParagon 150.24 150.14 +6.2 bps +0.00% 0.00291% 25.5% $85K 0% $23K US closed
MELIParagon 1,752.3 1,754.5 -12.4 bps +0.05% -0.00642% -56.2% $82K 0% $0 US closed
BIRDtrade.xyz 2.331 2.334 -12.9 bps -0.16% -0.01197% -104.9% $78K 0% $13K US closed
CIENParagon 355.89 355.89 +0.0 bps -0.03% -0.01364% -119.5% $72K 0% $1,040 US closed
CVXtrade.xyz 203.99 204.50 -24.9 bps -0.22% -0.01393% -122.0% $66K 0% $76K US closed
CRWDParagon 254.50 254.36 +5.7 bps +0.53% 0.02315% 202.8% $65K 0% $6,834 US closed

ETFs

20 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
DRAMtrade.xyz 63.087 63.155 -10.8 bps +1.11% 0.00063% 5.5% $111.99M 45% $38.56M US closed
SOXLtrade.xyz 153.51 153.80 -18.9 bps +1.68% -0.00116% -10.2% $28.85M 58% $3.50M US closed
EWYtrade.xyz 187.79 187.77 +1.1 bps +0.37% 0.00063% 5.5% $10.02M 10% $3.96M US closed
SMHtrade.xyz 612.46 612.37 +1.5 bps +0.26% 0.00352% 30.9% $3.30M 13% $54K US closed
KORUtrade.xyz 21.695 21.692 +1.4 bps +1.02% 0.00063% 5.5% $3.25M 13% $625K US closed
EWZtrade.xyz 36.554 36.579 -6.8 bps -0.02% -0.00343% -30.1% $2.93M 12% $9,450 US closed
XLEtrade.xyz 61.808 61.833 -4.0 bps -0.56% -0.00551% -48.2% $1.62M 6% $14K US closed
URNMtrade.xyz 49.498 49.522 -4.8 bps +0.19% 0.00566% 49.5% $1.48M 6% $16K US closed
EWJtrade.xyz 98.200 98.200 +0.0 bps +0.23% 0.00063% 5.5% $1.04M 4% $100K US closed
NCLDtrade.xyz 24.773 24.803 -12.1 bps -0.12% -0.03253% -284.9% $938K 4% $1.08M US closed
TLTtrade.xyz 79.283 79.300 -2.1 bps -0.02% 0.00543% 47.6% $844K 3% $29K US closed
MAGStrade.xyz 72.653 72.653 +0.0 bps -0.24% 0.00729% 63.9% $840K 3% $33K US closed
EWTtrade.xyz 115.34 115.31 +2.6 bps -0.10% -0.00660% -57.8% $638K 3% $38K US closed
LYTEtrade.xyz 25.598 25.571 +10.6 bps +0.46% 0.00235% 20.5% $440K 2% $5,363 US closed
DRAMEntropyIO 63.071 63.005 +10.5 bps +0.99% 0.00177% 15.5% $298K 6% $341K US closed
SNXXtrade.xyz 17.521 17.522 -0.6 bps +0.70% 0.00063% 5.5% $164K 1% $4,528 US closed
EWYEntropyIO 187.62 187.52 +5.3 bps +0.39% 0.00138% 12.1% $149K 3% $74K US closed
XBItrade.xyz 155.85 155.65 +12.8 bps +0.47% 0.01473% 129.0% $143K 1% $2,303 US closed
KSTRtrade.xyz 23.717 23.705 +5.1 bps +0.23% 0.01424% 124.7% $18K 0% $9,075 US closed
IGVParagon 105.68 105.92 -22.0 bps +0.26% -0.01425% -124.9% $12K 0% $0 US closed

US indices

5 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SP500trade.xyz 7,724.5 7,727.6 -4.0 bps -0.05% 0.00063% 5.5% $339.61M 27% $36.09M US closed
XYZ100trade.xyz 30,577 30,595 -5.9 bps -0.04% -0.00008% -0.7% $185.10M 19% $36.70M US closed
USTECHMarkets by Kinetiq 743.35 743.66 -4.2 bps +0.01% 0.00057% 5.0% $4.25M 14% $1.87M US closed
US500Markets by Kinetiq 769.81 770.07 -3.4 bps -0.07% 0.00057% 5.0% $2.06M 8% $4.51M US closed
SMALL2000Markets by Kinetiq 282.19 282.29 -3.5 bps -0.02% -0.00549% -48.1% $820K 8% $590K US closed

Non-US stocks & indices

11 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SKHXtrade.xyz 1,366.3 1,367.8 -11.0 bps +0.42% -0.00199% -17.5% $334.07M 33% $14.16M 24/7 perp
SKHYtrade.xyz 192.34 192.43 -4.7 bps +0.41% 0.00063% 5.5% $192.41M 48% $3.46M 24/7 perp
SMSNtrade.xyz 209.23 209.32 -4.3 bps +1.28% 0.00106% 9.3% $68.79M 28% $7.34M 24/7 perp
ZHIPUtrade.xyz 81.081 81.001 +9.9 bps -0.92% 0.00352% 30.9% $22.75M 23% $140K 24/7 perp
KIOXIAtrade.xyz 362.88 363.24 -9.9 bps +1.41% 0.00078% 6.9% $9.69M 10% $1.03M 24/7 perp
MINIMAXtrade.xyz 35.273 35.246 +7.7 bps +0.71% 0.00417% 36.5% $4.79M 10% $86K 24/7 perp
JP225trade.xyz 66,512 66,603 -13.7 bps +0.06% -0.00684% -59.9% $3.30M 13% $43K 24/7 perp
SOFTBANKtrade.xyz 39.292 39.292 +0.0 bps +0.27% 0.00383% 33.6% $2.75M 11% $41K 24/7 perp
HYUNDAItrade.xyz 261.55 261.52 +1.1 bps +0.05% 0.00063% 5.5% $1.30M 5% $24K 24/7 perp
GIGADEVtrade.xyz 56.880 56.806 +13.0 bps +1.19% 0.04437% 388.7% $1.04M 4% $1.82M 24/7 perp
KR200trade.xyz 1,114.4 1,114.4 +0.0 bps +0.27% -0.00604% -53.0% $746K 3% $18K 24/7 perp

Oil, gold & commodities

8 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
GOLDtrade.xyz 4,280 4,280.1 -0.2 bps -0.04% 0.00063% 5.5% $280.41M 37% $2.95M 24/7 perp
SILVERtrade.xyz 64.070 64.082 -1.9 bps -0.14% 0.00063% 5.5% $236.21M 47% $3.57M 24/7 perp
BRENTOILtrade.xyz 99.570 99.577 -0.7 bps +0.25% 0.00063% 5.5% $151.67M 20% $31.59M 24/7 perp
CLtrade.xyz 94.254 94.306 -5.5 bps -0.23% -0.00251% -22.0% $139.83M 14% $31.19M 24/7 perp
COPPERtrade.xyz 6.787 6.788 -0.6 bps -0.11% 0.00063% 5.5% $12.54M 4% $888K 24/7 perp
NATGAStrade.xyz 3.221 3.222 -3.1 bps +0.02% -0.00157% -13.8% $7.07M 7% $2.99M 24/7 perp
PLATINUMtrade.xyz 1,780 1,780.1 -0.6 bps +0.07% 0.00063% 5.5% $4.04M 16% $178K 24/7 perp
PALLADIUMtrade.xyz 1,269.9 1,270 -0.8 bps -0.11% 0.00063% 5.5% $2.53M 10% $5,455 24/7 perp

FX

2 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
JPYtrade.xyz 157.28 157.28 +0.0 bps -0.01% 0.00000% 0.0% $29.20M 29% $757K 24/7 perp
GBPtrade.xyz 1.323 1.324 -8.3 bps -0.20% -0.00049% -4.3% $663K 3% $15K 24/7 perp

Rates

4 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
USBONDMarkets by Kinetiq 79.310 79.291 +2.4 bps +0.01% 0.00461% 40.3% $1.40M 14% $108K 24/7 perp
10YParagon 5.167 5.168 -1.9 bps -0.06% 0.00013% 1.1% $1.32M 5% $6,101 24/7 perp
2YParagon 4.830 4.864 -69.3 bps -0.45% 0.00013% 1.1% $1.04M 4% $43K 24/7 perp
30YParagon 5.494 5.492 +4.2 bps +0.13% 0.00013% 1.1% $95K 0% $0 24/7 perp

Crypto indices

3 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
TOTAL2Paragon 1,170.2 1,170.8 -4.9 bps +0.73% 0.00009% 0.8% $1.27M 25% $73K 24/7 perp
BTCDParagon 59.187 59.242 -9.3 bps +0.14% 0.00075% 6.6% $1.12M 11% $541K 24/7 perp
OTHERSParagon 230.20 230.38 -8.0 bps +0.33% -0.00690% -60.4% $697K 14% $321K 24/7 perp

Pre-IPO

9 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
SPCXtrade.xyz 148.76 148.76 +0.0 bps +0.10% 0.00063% 5.5% $119.17M 16% $2.62M 24/7 perp
CXMTtrade.xyz 8.732 8.739 -7.1 bps -0.20% 0.00063% 5.5% $49.01M 20% $4.81M 24/7 perp
ANTHEntropyIO 2,072.4 2,069.8 +12.6 bps -0.08% 0.00143% 12.5% $36.12M 80% $2.83M 24/7 perp
UNITREEtrade.xyz 73.372 73.377 -0.7 bps -0.10% 0.00063% 5.5% $20.94M 21% $324K 24/7 perp
OAIEntropyIO 1,642.8 1,639.8 +18.3 bps +0.18% 0.00235% 20.6% $6.61M 66% $756K 24/7 perp
UNITREEParagon 72.884 72.813 +9.7 bps -0.16% 0.00262% 22.9% $1.79M 7% $73K 24/7 perp
QNTtrade.xyz 49.029 49.340 -63.0 bps -0.11% -0.01060% -92.8% $1.42M 7% $569K 24/7 perp
SHEINtrade.xyz 4.553 4.551 +4.2 bps -0.00% 0.00644% 56.4% $644K 3% $191K 24/7 perp
OURAtrade.xyz 49.854 49.854 +0.0 bps -0.61% 0.00022% 1.9% $385K 2% $65K 24/7 perp

Other

2 markets · by open interest
Market Mark Oracle Basis 24h Funding /h APR OI Cap use 24h vol Hours
ANSEMParagon 0.1779 0.1783 -24.6 bps +2.89% 0.02271% 198.9% $1.59M 32% $276K 24/7 perp
TREADParagon 1.363 1.337 +189.6 bps +59.06% 0.10382% 909.5% $1.02M 10% $1.44M 24/7 perp

HIP-3 open interest by dex

right now
DexMarketsOpen interestShare24h vol
trade.xyz xyz 108 $3.84B 97.8% $320.92M
EntropyIO io 8 $57.94M 1.5% $21.49M
Paragon para 29 $17.89M 0.5% $3.27M
Markets by Kinetiq mkts 4 $8.54M 0.2% $7.08M

Share of the open interest across every live HIP-3 market, computed from Hyperliquid's own market data.

Weekend & after-hours movers

US stocks, ETFs & indices · vs 24h ago
Market24hMarkBasisOI
SOXLtrade.xyz +1.68% 153.51 -18.9 bps $28.85M
BMNRtrade.xyz +1.65% 27.748 -39.1 bps $3.43M
SMCIParagon +1.62% 44.124 +8.5 bps $307K
MSTRtrade.xyz +1.49% 161.66 -15.4 bps $57.17M
GLWParagon +1.37% 157.99 +26.7 bps $300K
INTCtrade.xyz +1.30% 124.87 -32.7 bps $153.20M
DRAMtrade.xyz +1.11% 63.087 -10.8 bps $111.99M
BEtrade.xyz +1.07% 287.23 -3.8 bps $5.98M
KORUtrade.xyz +1.02% 21.695 +1.4 bps $3.25M
GMEtrade.xyz +0.78% 23.685 -5.5 bps $3.30M

The US market is closed, so these moves happened on Hyperliquid alone: the perp kept trading while the stock did not.

Markets close to their OI cap

≥ 80% of the deployer's cap
MarketOpen interestOI capCap useFunding /h
ANTHEntropyIO $36.12M $45.00M 80% 0.00143%

Recent HIP-3 volume spikes

21 in the last 72 minutes
WhenMarketSide$ in 1m× normal+5m+15m+1h
3m ago INTCtrade.xyz BUY $91K 53.9× — — —
5m ago BRENTOILtrade.xyz SELL $113K 20.7× +0.03% — —
7m ago SP500trade.xyz SELL $159K 6.0× -0.01% — —
12m ago SKHXtrade.xyz BUY $101K 9.2× -0.04% — —
13m ago CLtrade.xyz BUY $172K 17.1× -0.00% — —
21m ago CLtrade.xyz SELL $444K 49.1× +0.01% -0.03% —
22m ago SP500trade.xyz BUY $404K 15.3× -0.01% -0.06% —
25m ago GIGADEVtrade.xyz BUY $238K 233.8× +0.07% +0.03% —
25m ago XYZ100trade.xyz SELL $232K 7.0× +0.01% -0.01% —
29m ago DRAMtrade.xyz SELL $215K 8.1× +0.04% +0.05% —
32m ago GIGADEVtrade.xyz BUY $159K 224.5× +0.68% +0.68% —
32m ago SKHXtrade.xyz SELL $90K 8.6× +0.02% -0.01% —
33m ago BRENTOILtrade.xyz BUY $299K 55.0× +0.02% -0.08% —
36m ago SP500trade.xyz SELL $111K 4.2× -0.01% +0.03% —
37m ago XYZ100trade.xyz BUY $203K 5.9× -0.01% -0.01% —

Newest first. +5m / +15m / +1h show what the price did after each spike and fill in as time passes; they describe the past, not a prediction. Live Hyperliquid spike feed →

Mark, oracle, OI caps and 24h change come from Hyperliquid's API (metaAndAssetCtxs and perpDexs); funding is the current hourly rate. Not financial advice.

Hyperliquid stock perps FAQ

What is HIP-3?

HIP-3 lets builders deploy their own perpetual markets on Hyperliquid. A deployer stakes 500,000 HYPE, runs the oracle and sets limits such as open interest caps (HIP-3 docs). Deployers can keep up to 50% of the trading fees their markets generate, and markets in growth mode pay 90% lower protocol fees (fee docs, growth mode announcement). HIP-3 markets are named dex:TICKER, for example xyz:TSLA on trade.xyz.

Can I trade stocks or oil on Hyperliquid?

Yes, as perpetual futures rather than shares: HIP-3 dexes such as trade.xyz list perps that track US and Asian stocks, indices, oil, gold and FX, trading around the clock. You never own the underlying asset. Hyperliquid's terms of use exclude US persons and residents of other restricted jurisdictions.

Why is stock-perp funding low or capped at weekends?

trade.xyz has announced weekend funding caps for its RWA markets (announcement): while the underlying market is shut, the oracle is held by the deployer, so the premium that drives funding does not reflect a live price. Some trade.xyz markets also use a reduced funding multiplier, which lowers their baseline rate below the usual 0.00125% per hour.

What is an OI cap?

Each HIP-3 deployer sets a maximum open interest per market in US dollars. When a market reaches it, orders that would add open interest are rejected until it falls again. Cap use on this page is live open interest divided by that cap; markets above 80% are close to the limit.

How closely do stock perps track the stock?

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). Right now the median gap between mark and oracle across liquid HIP-3 markets is 6.5 bps. Outside US hours the oracle is set by the deployer, so the gap says less.

What does the market-closed flag mean?

The US-closed badge marks US stocks, ETFs and indices outside the regular NYSE session (09:30 to 16:00 New York time), at weekends and on exchange holidays. The perp keeps trading 24/7, but its oracle is then maintained by the deployer instead of a live exchange price, so prices can gap when the market reopens. Commodities, FX and non-US stocks follow other hours and carry no badge.