Volume 24h$6.1M
Open interest$18.7M
Markets27
Max leverage20x
BTC funding /8h—
BTC paid 30d—
Before you deposit
| Data | Live | updated 18:04 UTC from the exchange API |
| Liquidity | Medium | $18.7M open interest |
| Real volume | Normal | volume is 0.3x open interest a day |
| Book depth | Unknown | no order-book sample of its BTC market |
| KYC | None | on-chain, you keep custody |
Markets
27 markets| Asset | Price | Funding /8h | Every | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|
| IGVRWA para:IGV | 106.72 | +0.0060% | 1h | $13K | $1K | 10x |
| RDDTRWA para:RDDT | 158.86 | +0.0060% | 1h | $54K | $85K | 10x |
| CRWDRWA para:CRWD | 248.21 | +0.0322% | 1h | $85K | $157K | 10x |
| MELIRWA para:MELI | 1,830.6 | +0.0060% | 1h | $87K | $82K | 10x |
| CIENRWA para:CIEN | 358.51 | +0.0639% | 1h | $89K | $98K | 10x |
| SOFIRWA para:SOFI | 16.976 | +0.0060% | 1h | $104K | $81K | 10x |
| TERRWA para:TER | 380.24 | +0.0060% | 1h | $114K | $182K | 10x |
| STXRWA para:STX | 873.44 | +0.0335% | 1h | $166K | $57K | 10x |
| NETRWA para:NET | 347.65 | +0.0060% | 1h | $173K | $40K | 10x |
| SMCIRWA para:SMCI | 40.971 | +0.0060% | 1h | $173K | $263K | 10x |
| TREADRWA para:TREAD | 0.4671 | +0.4939% | 1h | $287K | $177K | 5x |
| GLWRWA para:GLW | 158.54 | +0.0060% | 1h | $315K | $27K | 10x |
| LRCXRWA para:LRCX | 301.93 | +0.0298% | 1h | $446K | $47K | 10x |
| COHRRWA para:COHR | 321.73 | +0.0060% | 1h | $457K | $140K | 10x |
| IRENRWA para:IREN | 47.925 | +0.0060% | 1h | $630K | $145K | 10x |
News from Paragon
all| 09-18 12:57 | Listing | Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗ |
| 09-16 18:13 | Listing | Fed hikes 25bp to 3.75-4.00%. No dissents. Median dot shows 1 more hike in 2026. 10Y at 4.95%, down 5bp on the day. para:10Y quotes that yield. Long it or short it, up to 20x. Trade now on Hyperliquid: @tradeparagon on X ↗ |
| 09-16 15:39 | Listing | $TREAD is now trading 24/7 on Hyperliquid. Up to 5x leverage. $TREAD is the native token of @tread_fi, which offers execution algorithms, smart order routing and market-making bots, across centralized venues, perpetual DEXs and on-chain swaps. @tradeparagon on X ↗ |
| 09-16 14:38 | Listing | Hike or hold, the funds rate is one number at 2pm. Futures price a 92% chance of the first hike since 2023. 10Y hit 5.04% Tuesday, highest since 2007, now 4.97%. para:10Y quotes that yield, up to 20x. Trade now on Hyperliquid: @tradeparagon on X ↗ |
About Paragon
Paragon is a decentralized perpetual futures exchange on Hyperliquid L1. It lists 27 active markets, traded $6.1M in the last 24 hours and holds $18.7M in open interest, #38 among the perp DEXs we track.
Funding settles every 1h.
Key facts
- Type
- DEX
- Chain
- Hyperliquid L1
- Runs on
- Hyperliquid
- Rank by volume
- #38 of 46
- Max leverage
- 20x
- Funding paid
- every 1h
- Taker / maker
- —
- Token
- none yet
- Airdrop
- —
- Tracked since
- 2026-09-18
- Links
- app · site · docs · X
Funding arb here
all| TTWO | short here, Bitget | +0.0560% | +$62 |
| VST | short here, Bitget | +0.0453% | +$15 |
| AVGO | short here, Bybit | +0.0416% | −$11 |
| CRDO | short here, Bitget | +0.0378% | −$31 |
| IREN | long here, tradeXYZ | +0.0280% | −$45 |
Price arb here
all| VST | short here, Binance | +0.015% | −$33 |
| CIFR | short here, QFEX | +0.091% | −$72 |
Changes
listings, fees, intervalsNone since 2026-09-18.