BIRD perp markets on Hyperliquid
US stocks · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:BIRDgrowth | 2.335 | 2.334 | +3.9 bps | -0.10% | -0.00991% | -86.8% | $129K | $25.00M | 1% | $39K | 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.
BIRD volume spikes
BIRD across exchanges →No BIRD volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
BIRD perp FAQ
What is the BIRD funding rate on Hyperliquid?
-0.00991% per hour on trade.xyz right now (-86.8% 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 (-0.0793% per 8h).
How closely does the BIRD perp track the underlying?
The trade.xyz mark is 2.335 against an oracle of 2.334, a basis of +3.9 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 BIRD open interest cap?
trade.xyz caps xyz:BIRD open interest at $25.00M; $129K 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 BIRD 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.