BVIV Perp on Hyperliquid (HIP-3)
BVIV perpetual futures on Hyperliquid's HIP-3 dexes (Crypto indices): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
BVIV trades on 1 HIP-3 dex; on Markets by Kinetiq the mark is 41.052 against an oracle of 40.854, a basis of +48.5 bps. Funding is 0.02215% per hour (194.0% APR), so longs pay shorts. Open interest is $148K, with Markets by Kinetiq at 15% of its $2.00M cap, and $202K traded in 24 hours.
Market health
no active flags- ✓No flagsAvailable data: No BVIV market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
Markets by KinetiqFunding multiplier —. No funding multiplier is reported for mkts:BVIV on Markets by Kinetiq.
BVIV perp markets on Hyperliquid
Crypto indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:BVIV | 41.052 | 40.854 | +48.5 bps | +1.37% | 0.02215% | 194.0% | — | $148K | $2.00M | 15% | $202K | 5× | 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.
BVIV contract history
History for mkts:BVIV only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
mkts:BVIVLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
BVIV volume spikes
BVIV across exchanges →No recent BVIV volume spikes. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
BVIV perp FAQ
What is the BVIV funding rate on Hyperliquid?
0.02215% per hour on Markets by Kinetiq right now (194.0% 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 (0.1772% per 8h).
How closely does the BVIV perp track the underlying?
The Markets by Kinetiq mark is 41.052 against an oracle of 40.854, a basis of +48.5 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 BVIV open interest cap?
Markets by Kinetiq caps mkts:BVIV open interest at $2.00M, measured the way Hyperliquid counts it (long and short sides together); 15% of the cap is in use right now. When a market reaches its cap, orders that would add open interest are rejected until it falls.