MU xyz xyz:MU

Equities Trade

Micron makes memory and storage chips — DRAM and NAND; the perp references MU’s share price. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.

950.3 −1.93%

A Grade A

Zones and levels Screener

How this is graded ›

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

2.9 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 99.1% of the time.

Cost to trade it: the venue’s impact bid/ask spread runs 1.2 bps, median over the same window. It is context, not part of the rating.

median, 30 days

Reopen fidelity

Good

6.8 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 100% of the time.

median of 4 reopens

Cost of carry

Fair

10.2% 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

Liquidity

Good

$246.3M 24h volume

Open interest $100.9M. Weekend books hold 24% of weekday hourly volume.

latest snapshot

When the underlying market reopens, the oracle snaps back to the real price. The jump is how far the venue's closed-hours price was from reality.

Median jump 6.8 bps across 4 rated closures. The venue’s closed-hours price was closer to the reopening price than the last real price 100% of the time. Rows below are the last reopens captured, which can cover a different set of closures than the median.

DateClosureVenue priceReal reopenJumpBeat the close?
26 Oct 2026 Weekend 891.08 892.31+13.8 bpsYes
12 Oct 2026 Weekend 1041.1 1040.1-9.6 bpsYes
5 Oct 2026 Weekend not rated 1076.5 1075.2-12.1 bpsYes
28 Sep 2026 Weekend 1090.6 1090.4-1.8 bpsYes
21 Sep 2026 Weekend 1015.8 1015.4-3.9 bpsYes

Download this reopen record (CSV) Open data, licensed CC BY 4.0: copy, adapt and publish it, commercially included, with credit — “AlgoTraderPro HIP-3 reopen record (2026), CC BY 4.0” — and a link to this page.

Open interest (USD), 90 days
Funding APR, 90 days
Premium to oracle, 90 days
What it tracks
Micron Technology — equities. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
Trading hours
Follows the listing exchange of the share it references: trading days only, closed at weekends and on that exchange’s holidays, extended by an overnight session where the deployer prices one. The contract itself trades on Hyperliquid 24/7.
When the real market is closed
The oracle does not freeze. With no external price it starts from the last one and then drifts with Hyperliquid’s own book — a 30-minute exponential average of the gap between the impact bid/ask and the oracle — and snaps back to the real price on the first tick after the market reopens. Funding is charged against that oracle throughout, which is why the jump at each reopening is worth measuring.
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.
Deployer’s documentation
trade.xyz docs →
40 Updated 6m ago

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