Euro (EUR/USD) perp on Hyperliquid: funding, open interest, leverage

Snapshot Tue, 20 Oct 2026 22:07:09 UTC · FX perps · on 2 venues · CSV

Euro (EUR/USD) (EUR) trades as a perpetual on XYZ, Lighter. Funding on XYZ is 0.0077% per 8h (longs pay shorts), open interest $26.8M, 24h volume $2.3M, leverage up to 50×.

Mark price · 24h · XYZ
$1.12+0.19%
oracle $1.12 · premium 0.0396%
Open interest
$26.8M
0.7% of all HIP-3 open interest · Lighter $2.0M
Cost of holding $10k long · 7d · XYZ
paid $10.17
$1.45 a day on average · 168 hourly settlements
Leverage · margin
50×
isolated margin only · funding every hour

Where it trades

VenueMarketFunding 8hAPR7-day avg (8h)Who paysMarkOracleOpen interest24h volumeMax lev.Trade
XYZ Hyperliquidxyz:EUR0.0077%8.5%0.0048%longs pay shorts$1.12$1.12$26.8M$2.3M50×Hyperliquid ↗
LighterEURUSD0.0000%0.0%—flat$1.12—$2.0M$169K—Lighter ↗

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 -0.0133% to 0.0175% per 8h · hover for the exact hour

0.0175%-0.0133%

Same asset, two venues

Funding gap · gross
8.5% APR
0.0077% per 8h between the two rates
Long where funding is lowest
Lighter
0.0000% per 8h
Short where it is highest
XYZ
0.0077% per 8h

Gross of fees and before the oracles diverge: each venue prices Euro (EUR/USD) 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 50× on XYZ, isolated margin only.

Questions

What is the Euro (EUR/USD) perp on Hyperliquid?
A perpetual contract on Euro (EUR/USD) deployed by XYZ under Hyperliquid's HIP-3, cash-settled in USDC, with the oracle price published by the deployer.
Who pays funding on EUR right now?
longs pay shorts: 0.0077% per 8h, 8.5% annualised, as of Tue, 20 Oct 2026 22:07:09 UTC.
What leverage does EUR allow?
Up to 50× on XYZ, isolated margin only.

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