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HOOD Perp on Hyperliquid (HIP-3)

HOOD 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.

HOOD trades on 1 HIP-3 dex; on trade.xyz the mark is 119.12 against an oracle of 119.20, a basis of -6.7 bps. Funding is -0.00322% per hour (-28.2% APR), so shorts pay longs. Open interest is $41.10M, with trade.xyz at 27% of its $150.00M cap, and $1.44M 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 17:34 UTC

Marktrade.xyz
119.12
Oracle 119.20-6.7 bps
Funding per hour
-0.00322%
-28.2% APRshorts pay longs
Open interest
$41.10M
27% of $150.00M cap
24h volumeUS closed
$1.44M
+0.35% 24hopens Mon 09:30 ET

HOOD 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:HOODgrowth 119.12 119.20 -6.7 bps +0.35% -0.00322% -28.2% $41.10M $150.00M 27% $1.44M 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.

HOOD perps elsewhere

same ticker on other venues
MarketPriceFunding /hAPROI24h volTrade
Bybit HOODUSDT 119.16 0.00000% 0.0% $1.61M $345K Trade

HOOD volume spikes

HOOD across exchanges →

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

HOOD perp FAQ

What is the HOOD funding rate on Hyperliquid?

-0.00322% per hour on trade.xyz right now (-28.2% 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 (-0.0258% per 8h).

How closely does the HOOD perp track the underlying?

The trade.xyz mark is 119.12 against an oracle of 119.20, a basis of -6.7 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 HOOD open interest cap?

trade.xyz caps xyz:HOOD open interest at $150.00M; $41.10M is in use right now (27%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

Can I trade HOOD 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.