![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]
dexMaker 0.03% · Taker 0.09%
Per-asset breakdown
Daily average of the venue's rolling 24h figures, through the last complete day — so these totals sit close to, but not exactly on, the live numbers above. Hover a chart for the per-asset split · hover or click an asset to spotlight it · click a legend chip to hide it.
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
| 📈SP500 | $7,790.1 | +0.08% | -1.08% | +1.65% | 1h | $524.4M | $38.9M |
| 📊SKHX | $1,181.9 | +0.54% | +260.27% | +45.18% | 1h | $494.0M | $22.5M |
| 🥇XAU | $4,376.3 | -0.15% | +5.47% | +6.21% | 1h | $365.1M | $10.1M |
 SNDK | $1,682 | +1.82% | -53.65% | +0.17% | 1h | $232.4M | $50.7M |
| 📊XYZ100 | $30,113 | +0.22% | -5.37% | +4.40% | 1h | $231.4M | $31.9M |
| 🛢️WTI | $81.335 | +0.31% | +5.47% | -43.33% | 1h | $188.0M | $27.8M |
 NVDA | $225.69 | +0.21% | +5.47% | +7.66% | 1h | $167.8M | $4.1M |
| 🛢️BRENT | $86.406 | +0.36% | +5.47% | -82.11% | 1h | $163.3M | $22.7M |
 GOOGL | $349.1 | +0.39% | +8.10% | +9.76% | 1h | $156.3M | $3.8M |
 MU | $984.47 | +0.75% | +5.47% | +2.19% | 1h | $141.7M | $15.6M |
Click an asset to view market overview · Funding rates update every 60s
About trade[XYZ] funding & fees
trade[XYZ] is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 50 perpetual markets, $3.62B total open interest, $309.3M in 24h volume. Average funding across its markets is +21.63% annualized. ORBIT compares trade[XYZ]'s funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
trade[XYZ] charges 0.09% taker and 0.03% maker fees on perpetuals. Via the ORBIT referral you also get: HYPE rebates on HIP-3 trades. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
trade[XYZ]'s native token HYPE is already live. Funding-rate incentives on listed-token venues are usually steadier than pre-TGE points, which makes trade[XYZ] a reliable leg for delta-neutral pairs.
To run funding arbitrage with trade[XYZ], find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include SP500 (-1.08%), SKHX (+260.27%), XAU (+5.47%).
Frequently asked questions
- What are trade[XYZ] trading fees?
- trade[XYZ] charges 0.09% taker and 0.03% maker on perpetual futures. ORBIT referral perk: HYPE rebates on HIP-3 trades. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is trade[XYZ] a CEX or DEX?
- trade[XYZ] is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does trade[XYZ] have a token?
- trade[XYZ]'s token HYPE is already live. Its major points-farming airdrop has concluded, so funding incentives are the main ongoing edge here.
- How do I arbitrage funding rates on trade[XYZ]?
- Open the ORBIT Funding Screener, find an asset where trade[XYZ]'s funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.