What is the STRC perp on Hyperliquid?

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

Who pays funding on STRC right now?

shorts pay longs: -0.0369% per 8h, -40.4% annualised, as of Tue, 20 Oct 2026 22:07:09 UTC.

Up to 10× on XYZ, isolated margin only.

Snapshot Tue, 20 Oct 2026 22:07:09 UTC · Other HIP-3 markets · on 1 venue · CSV

STRC trades as a perpetual on XYZ. Funding on XYZ is -0.0369% per 8h (shorts pay longs), open interest $13.3M, 24h volume $1.4M, leverage up to 10×.

Mark price · 24h · XYZ

$98.77-0.04%

oracle $98.91 · premium -0.0933%

Open interest

$13.3M

0.3% of all HIP-3 open interest

Cost of holding $10k long · 7d · XYZ

earned $36.76

$5.25 a day on average · 168 hourly settlements

Leverage · margin

10×

isolated margin only · funding every hour

Venue	Market	Funding 8h	APR	7-day avg (8h)	Who pays	Mark	Oracle	Open interest	24h volume	Max lev.	Trade
XYZ Hyperliquid	`xyz:STRC`	-0.0369%	-40.4%	-0.0175%	shorts pay longs	$98.77	$98.91	$13.3M	$1.4M	10×	Hyperliquid ↗

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

168 hourly settlements · range -0.1245% to 0.0933% per 8h · hover for the exact hour

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 10× on XYZ, isolated margin only.

What is the STRC perp on Hyperliquid?: A perpetual contract on STRC deployed by XYZ under Hyperliquid's HIP-3, cash-settled in USDC, with the oracle price published by the deployer.
Who pays funding on STRC right now?: shorts pay longs: -0.0369% per 8h, -40.4% annualised, as of Tue, 20 Oct 2026 22:07:09 UTC.
What leverage does STRC allow?: Up to 10× on XYZ, isolated margin only.