TOTAL2 tracks the combined market capitalization of all cryptocurrencies excluding bitcoin — a broad read on altcoin-wide strength. 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.
4.0 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 88.1% of the time.
Cost to trade it: the venue’s impact bid/ask spread runs 6.3 bps, median over the same window. It is context, not part of the rating.
median, 30 days
— 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
29.9% a year
Funding actually paid over the last 30 days — longs pay at this rate. This is the running cost of holding the position, before fees.
30 days
$451.1K 24h volume
Open interest $849.6K. Weekend liquidity is not yet available.
latest snapshot
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