$76.7M
1.9% of all HIP-3
ETF perps on Hyperliquid
Perpetuals tracking exchange-traded funds: sector, country and leveraged ETFs. 14 markets, $76.7M open interest, $189.7M traded in 24h, leverage 10× to 20×.
Open interest
24h volume
$189.7M
notional
Longs paying
86%
of 14 markets with open interest
Markets
| Market | Deployer | Funding 8h | Mark | Open interest |
|---|---|---|---|---|
| SOXL Direxion Semiconductor Bull 3x ETF | XYZ | 0.0087% | $104.60 | $39.9M |
| EWY iShares South Korea ETF | XYZ +1 | 0.0050% | $157.93 | $12.6M |
| KORU Direxion South Korea Bull 3x ETF | XYZ | 0.0050% | $12.20 | $8.7M |
| TLT iShares 20+ Year Treasury ETF | XYZ | 0.0593% | $79.97 | $5.0M |
| SMH VanEck Semiconductor ETF | XYZ +1 | 0.0082% | $559.04 | $3.0M |
| EWZ iShares Brazil ETF | XYZ | 0.0565% | $43.12 | $2.0M |
| URNM Sprott Uranium Miners ETF | XYZ | 0.0933% | $43.57 | $1.9M |
| XLE Energy Select Sector ETF | XYZ | 0.0050% | $67.89 | $979K |
| EWJ iShares Japan ETF | XYZ | 0.0598% | $95.72 | $977K |
| EWT iShares Taiwan ETF | XYZ | -0.1028% | $108.75 | $832K |
| MAGS Roundhill Magnificent Seven ETF | XYZ | -0.1773% | $72.41 | $604K |
| XBI SPDR Biotech ETF | XYZ | 0.0087% | $153.40 | $78K |
| IGV iShares Software ETF | Paragon | 0.0060% | $107.34 | $69K |
| GDX VanEck Gold Miners ETF | Paragon | 0.0060% | $86.39 | $29K |
Positive funding: longs pay shorts; hourly rate × 8. Markets without a link are below the $1M open-interest and volume gate.
Questions
- How do etf perps work on Hyperliquid?
- They are HIP-3 markets: a builder stakes 500,000 HYPE, deploys its own dex on Hyperliquid, defines the contracts and publishes the oracle prices. Positions are cash-settled in USDC and funding is paid every hour, like any Hyperliquid perp.
- Which deployers list them?
- XYZ, EntropyIO, Paragon.
- What leverage is available?
- 10× to 20× depending on the market; the deployer sets the cap and whether cross margin is allowed.