Market health
no active flags- ✓No flagsNo OTHERS 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.
- ×Funding multiplierParagon applies a funding multiplier of ×0.6 to para:OTHERS, scaling the rate Hyperliquid's funding formula would otherwise give.
OTHERS 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:OTHERS | 230.16 | 230.36 | -8.7 bps | -1.02% | -0.00429% | -37.6% | ×0.6 | $350K | $5.00M | 14% | $1.58M | 10× | 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.
OTHERS volume spikes
OTHERS across exchanges →No OTHERS volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
OTHERS perp FAQ
What is the OTHERS funding rate on Hyperliquid?
-0.00429% per hour on Paragon right now (-37.6% 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 (-0.0343% per 8h).
How closely does the OTHERS perp track the underlying?
The Paragon mark is 230.16 against an oracle of 230.36, a basis of -8.7 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).
What is the OTHERS open interest cap?
Paragon caps para:OTHERS open interest at $5.00M, measured the way Hyperliquid counts it (long and short sides together); 14% 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.