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COPPER Perp on Hyperliquid (HIP-3)

COPPER perpetual futures on Hyperliquid's HIP-3 dexes (Oil, gold & commodities): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.

COPPER trades on 1 HIP-3 dex; on trade.xyz the mark is 6.788 against an oracle of 6.787, a basis of +0.6 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $12.56M, with trade.xyz at 4% of its $300.00M cap, and $350K traded in 24 hours. On MEXC the COPPER_USDT perp funds at 0.00000% per hour (0.0% APR).

As of 16:53 UTC

Marktrade.xyz
6.788
Oracle 6.787+0.6 bps
Funding per hour
0.00063%
5.5% APRlongs pay shorts
Open interest
$12.56M
4% of $300.00M cap
24h volume
$350K
-0.08% 24h

COPPER perp markets on Hyperliquid

Oil, gold & commodities · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
trade.xyz xyz:COPPERgrowth 6.788 6.787 +0.6 bps -0.08% 0.00063% 5.5% $12.56M $300.00M 4% $350K 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.

COPPER perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
MEXC COPPER_USDT 6.785 0.00000% 0.0% $22.93M $212K Trade
KuCoin COPPERUSDTM 6.786 0.00000% 0.0% $247K $4,360 Trade
HTX COPPER-USDT 6.788 0.00000% 0.0% $42K $2,696 Trade

COPPER volume spikes

COPPER across exchanges →

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

COPPER perp FAQ

What is the COPPER funding rate on Hyperliquid?

0.00063% per hour on trade.xyz right now (5.5% 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 (0.0050% per 8h).

How closely does the COPPER perp track the underlying?

The trade.xyz mark is 6.788 against an oracle of 6.787, a basis of +0.6 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 COPPER open interest cap?

trade.xyz caps xyz:COPPER open interest at $300.00M; $12.56M is in use right now (4%). When a market reaches its cap, orders that would add open interest are rejected until it falls.