OTHERS tracks a basket of altcoins outside the largest tokens by market cap — a broad gauge of speculative appetite beyond bitcoin and the majors. Tracked here on Hyperliquid (para) with live mark, funding, open interest and premium to oracle.
Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.
Tracking
Good
3.5 bps
Typical distance between the traded price and the venue’s oracle while the underlying market is open. It sits within 10 bps of it 91.8% of the time.
Cost to trade it: the venue’s impact bid/ask spread runs 8.9 bps, median over the same window. It is context, not part of the rating.
median, 30 days
Reopen fidelity
Not applicable
— bps
How far the price moves when the underlying market reopens — how close the venue’s closed-hours price was to reality. It was closer than the last real price —% of the time.
no reopens recorded yet
Cost of carry
Fair
12.4% a year
Funding actually paid over the last 30 days — shorts pay at this rate. This is the running cost of holding the position, before fees.
30 days
Liquidity
Weak
$985.9K 24h volume
Open interest $384.7K. Weekend liquidity is not yet available.
latest snapshot
90-day history
Open interest (USD), 90 daysFunding APR, 90 daysPremium to oracle, 90 days
Contract mechanics
What it tracks
Altcoin Index (ex-largest tokens) — crypto. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
Trading hours
The underlying never closes — it trades 24/7, so there is no closed session. The contract itself trades on Hyperliquid 24/7.
When the real market is closed
There is no closed session to price through: the oracle is externally priced around the clock.
Leverage
Up to 10×
Margin mode
Cross or isolated
Settles in
USDC — margin and profit are in this token, not the quote of the underlying market.
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