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CIEN Perp on Hyperliquid (HIP-3)

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

CIEN trades on 1 HIP-3 dex; on Paragon the mark is 355.89 against an oracle of 355.89, a basis of +0.0 bps. Funding is -0.00659% per hour (-57.7% APR), so shorts pay longs. Open interest is $72K, with Paragon at 0% of its $25.00M cap, and $1,040 traded in 24 hours. The US market is closed (weekend) until Mon 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.

US market closed · weekendAs of 16:56 UTC

MarkParagon
355.89
Oracle 355.89+0.0 bps
Funding per hour
-0.00659%
-57.7% APRshorts pay longs
Open interest
$72K
0% of $25.00M cap
24h volumeUS closed
$1,040
-0.03% 24hopens Mon 09:30 ET

CIEN 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
Paragon para:CIENgrowth 355.89 355.89 +0.0 bps -0.03% -0.00659% -57.7% $72K $25.00M 0% $1,040 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.

CIEN perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
Bybit CIENUSDT 357.19 0.00000% 0.0% $82K $457K Trade
HTX CIEN-USDT 356.54 0.00125% 11.0% $8,379 $63K Trade

CIEN volume spikes

CIEN across exchanges →

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

CIEN perp FAQ

What is the CIEN funding rate on Hyperliquid?

-0.00659% per hour on Paragon right now (-57.7% 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 (-0.0527% per 8h).

How closely does the CIEN perp track the underlying?

The Paragon mark is 355.89 against an oracle of 355.89, a basis of +0.0 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 CIEN open interest cap?

Paragon caps para:CIEN open interest at $25.00M; $72K is in use right now (0%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade CIEN 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.