BTCD perp markets on Hyperliquid
Crypto indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:BTCD | 59.197 | 59.183 | +2.4 bps | +0.16% | 0.00075% | 6.6% | $1.12M | $10.00M | 11% | $541K | 20× | 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.
BTCD volume spikes
BTCD across exchanges →No BTCD volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
BTCD perp FAQ
What is the BTCD funding rate on Hyperliquid?
0.00075% per hour on Paragon right now (6.6% 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 (0.0060% per 8h).
How closely does the BTCD perp track the underlying?
The Paragon mark is 59.197 against an oracle of 59.183, a basis of +2.4 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 BTCD open interest cap?
Paragon caps para:BTCD open interest at $10.00M; $1.12M is in use right now (11%). When a market reaches its cap, orders that would add open interest are rejected until it falls.