Order Book
Connecting…Price Chart: para:2Y
Largest Bid Walls
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Largest Ask Walls
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para:2Y Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, para:2Y funding has averaged -0.00002% per hour, an annualised rate of -0.2%. Longs paid shorts in 90% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from -0.01757% to 0.00489%. Work out what this costs on your own position with the funding rate calculator.
para:2Y funding & market FAQ
What is the current para:2Y funding rate?
The current para:2Y funding rate on Hyperliquid is 0.00013% per hour, with a predicted next rate of not yet available. Over the past 7 days it has averaged -0.00002%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on para:2Y right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does para:2Y open interest tell me?
para:2Y currently has $1,306,737 of open interest, ranking #216 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a para:2Y position?
At the current mark price of $4.8950, a 10x long would be liquidated around $4.4055 and a 10x short around $5.3845. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade para:2Y perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's para:2Y positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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