TOTAL2 perp markets on Hyperliquid
Crypto indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:TOTAL2 | 1,169.5 | 1,170.7 | -10.4 bps | +0.66% | -0.00846% | -74.1% | $1.27M | $5.00M | 25% | $73K | 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.
TOTAL2 volume spikes
TOTAL2 across exchanges →No TOTAL2 volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
TOTAL2 perp FAQ
What is the TOTAL2 funding rate on Hyperliquid?
-0.00846% per hour on Paragon right now (-74.1% 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 (-0.0676% per 8h).
How closely does the TOTAL2 perp track the underlying?
The Paragon mark is 1,169.5 against an oracle of 1,170.7, a basis of -10.4 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 TOTAL2 open interest cap?
Paragon caps para:TOTAL2 open interest at $5.00M; $1.27M is in use right now (25%). When a market reaches its cap, orders that would add open interest are rejected until it falls.