US500 on Markets by Kinetiq — funding rate, open interest and liquidation levels
Snapshot , refreshed hourly · Markets by Kinetiq · rank #1 of 4 by 24h volume
What the numbers say
US500 perpetuals trade at $771.120 on Markets by Kinetiq, a HIP-3 builder dex on Hyperliquid, up +0.13% over the last 24 hours. The market turned over $4.03M of notional in that window, which ranks it #1 of the 4 markets listed on Markets by Kinetiq. Maximum leverage is 25x.
Open interest stands at $2.13M against $4.03M of 24-hour volume, an open-interest-to-volume ratio of 0.53. Open interest and daily turnover are roughly in balance, the profile of a market where most positions are opened and closed inside the same session.
Funding prints +0.00057% per hour (+0.014% per day, +5.0% annualised), so longs pay shorts. The carry is close to neutral, so holding the perp costs roughly the same as holding spot.
Applying the Buildix leverage distribution to $2.13M of open interest puts the tightest liquidation band at $760.838 for longs and $781.402 for shorts, 1.3% either side of the mark. A 5% drop from here would take an estimated $213.3K of long exposure into liquidation range; a 5% rally would do the same to about $213.3K of shorts. These are modelled clusters from open interest, not per-wallet liquidation prices — the live deep view fuses them with the real on-chain whale levels.
Cost of carry on a $10,000 US500 position
At +0.00057% per hour, holding $10,000 of notional costs a long the amounts below, assuming funding stays where it is. Hyperliquid settles every hour, so the rate can move before the position does.
| Holding period | Funding paid | % of notional |
|---|---|---|
| 1 hour | $0.06 | 0.0006% |
| 8 hours | $0.46 | 0.0046% |
| 24 hours | $1.37 | 0.0137% |
| 7 days | $9.59 | 0.0959% |
Estimated liquidation clusters
Hyperliquid does not publish per-wallet liquidation prices, so these bands come from the Buildix leverage model: $2.13M of open interest spread over the leverage distribution the platform uses everywhere else, split evenly between longs and shorts. Read them as where forced flow becomes likely, not as a promise that it happens.
| Leverage | Long liq. | Short liq. | Distance | Size / side |
|---|---|---|---|---|
| 75x | $760.838 | $781.402 | 1.3% | $53.3K |
| 37.5x | $750.557 | $791.683 | 2.7% | $159.9K |
| 17.5x | $727.056 | $815.184 | 5.7% | $319.9K |
| 7.5x | $668.304 | $873.936 | 13.3% | $533.2K |
Cascade estimate: a 5% move down puts about $213.3K of long exposure in range, a 5% move up about $213.3K of shorts.
The deep view streams CVD, order book imbalance, VPIN, the footprint chart and the on-chain liquidation heatmap for US500 in real time. This page stays public; the terminal is where an account starts.
Markets next to US500 by volume
Keep going
FAQ
What is the current US500 funding rate on Markets by Kinetiq?
US500 funding is +0.00057% per hour, which works out to +0.014% per day and +5.0% annualised. Longs pay shorts at that rate. Hyperliquid settles funding every hour, so the figure updates hourly.
How much open interest does US500 have?
Open interest on US500 is $2.13M, against $4.03M of notional traded in the last 24 hours — an open-interest-to-volume ratio of 0.53.
Where are the US500 liquidation levels?
The tightest modelled cluster sits at $760.838 for longs and $781.402 for shorts, about 1.3% from the $771.120 mark. A 5% move down would put roughly $213.3K of longs in range and a 5% move up roughly $213.3K of shorts. These are estimates derived from open interest and a leverage distribution, not per-wallet data.
Is this US500 data free?
Yes. This page is public and needs no account, and Buildix runs a free screener to start across 230+ Hyperliquid pairs. The live US500 deep view — orderflow, CVD, VPIN, footprint and the on-chain liquidation heatmap — is the part that asks you to sign in.
Price, funding, open interest and 24-hour volume are read from Hyperliquid's own metaAndAssetCtxs feed, cached by Buildix and refreshed on this page every hour. Liquidation bands are modelled from open interest, not observed positions. Nothing here is financial advice.