TREAD perp markets on Hyperliquid
Other · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paragon para:TREAD | 1.067 | 1.080 | -113.9 bps | +16.64% | -0.16699% | -1462.9% | $666K | $10.00M | 7% | $2.72M | 5× | 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.
TREAD perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| MEXC TREAD_USDT | 1.077 | -0.16770% | -1469.1% | $40K | $160K | Trade |
TREAD volume spikes
TREAD across exchanges →No TREAD volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
TREAD perp FAQ
What is the TREAD funding rate on Hyperliquid?
-0.16699% per hour on Paragon right now (-1462.9% 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 (-1.3360% per 8h).
How closely does the TREAD perp track the underlying?
The Paragon mark is 1.067 against an oracle of 1.080, a basis of -113.9 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 TREAD open interest cap?
Paragon caps para:TREAD open interest at $10.00M; $666K is in use right now (7%). When a market reaches its cap, orders that would add open interest are rejected until it falls.