What is the DRAM perp on Hyperliquid?

A perpetual contract on DRAM deployed by XYZ under Hyperliquid's HIP-3, cash-settled in USDC, with the oracle price published by the deployer.

Who pays funding on DRAM right now?

longs pay shorts: 0.0050% per 8h, 5.5% annualised, as of Tue, 20 Oct 2026 22:07:09 UTC.

DRAM perp on Hyperliquid: funding, open interest, leverage

Snapshot Tue, 20 Oct 2026 22:07:09 UTC · Other HIP-3 markets · on 2 venues · CSV

DRAM trades as a perpetual on XYZ, EntropyIO. Funding on XYZ is 0.0050% per 8h (longs pay shorts), open interest $68.4M, 24h volume $127.9M, leverage up to 20×.

Mark price · 24h · XYZ

$49.16+1.34%

oracle $49.15 · premium 0.0790%

Open interest

$68.4M

1.7% of all HIP-3 open interest

Cost of holding $10k long · 7d · XYZ

paid $15.62

$2.23 a day on average · 168 hourly settlements

Leverage · margin

20×

cross or isolated · funding every hour

Where it trades

Venue	Market	Funding 8h	APR	7-day avg (8h)	Who pays	Mark	Oracle	Open interest	24h volume	Max lev.	Trade
XYZ Hyperliquid	`xyz:DRAM`	0.0050%	5.5%	0.0074%	longs pay shorts	$49.16	$49.15	$66.8M	$124.3M	20×	Hyperliquid ↗
EntropyIO Hyperliquid	`io:DRAM`	0.0050%	5.5%	0.0081%	longs pay shorts	$49.14	$49.15	$1.6M	$3.5M	25×	Hyperliquid ↗

Funding is the venue's hourly rate × 8; positive means longs pay shorts. Oracle and mark are the deployer's prices.

Funding on XYZ, last 7 days

168 hourly settlements · range -0.5751% to 0.4754% per 8h · hover for the exact hour

Same asset, two venues

Funding gap · gross

0.0% APR

0.0000% per 8h between the two rates

Long where funding is lowest

XYZ

0.0050% per 8h

Short where it is highest

EntropyIO

0.0050% per 8h

Gross of fees and before the oracles diverge: each venue prices DRAM from its own oracle, so mark prices can differ. For crypto pairs with fee-adjusted maths see the arbitrage table.

About this market

Deployer: XYZ · dex xyz · address 0x88806a71d74ad0a510b350545c9ae490912f0888
Settlement: Cash-settled perpetual on Hyperliquid, HIP-3 framework; the deployer publishes the oracle price and can halt and settle the market.
Funding: Paid every hour between longs and shorts, as on every Hyperliquid perp. Shown here on an 8h basis; APR = hourly × 8,760.
Leverage: Up to 20× on XYZ; 25× on EntropyIO.

Questions

What is the DRAM perp on Hyperliquid?: A perpetual contract on DRAM deployed by XYZ under Hyperliquid's HIP-3, cash-settled in USDC, with the oracle price published by the deployer.
Who pays funding on DRAM right now?: longs pay shorts: 0.0050% per 8h, 5.5% annualised, as of Tue, 20 Oct 2026 22:07:09 UTC.
What leverage does DRAM allow?: Up to 20× on XYZ.

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