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The on-chain gold PAXG open interest on Hyperliquid has exceeded 80 million, causing some Perp DEX funding rate discrepancies
BlockBeats News, January 26th: Driven by the continuous rise in the prices of gold, silver, and other precious metals, multiple Perp DEX trading platforms have successively launched related contracts. Currently, platforms including Pacifica, Hyperliquid, Lighter, Backpack, etc., have all supported trading of precious metal assets such as PAXG (gold on-chain).
According to the Pacifica platform's funding rate comparison chart, in the past 8 hours, the funding rates of the PAXG contracts on Binance, Hyperliquid, Bybit, and Pacifica were all +0.01%, while Lighter and Backpack showed differences at +0.009% and -0.03%, respectively. Here are some statistics on the Perp DEX trading data of platforms that have already launched PAXG contracts:
Hyperliquid: 24-hour trading volume of $21.14 million, with open interest of approximately $80.7254 million;
Lighter: 24-hour trading volume of $48.38 million, with open interest of approximately $39.56 million;
Backpack: 24-hour trading volume of $38.8223 million, open interest amount not disclosed yet;
Pacifica: 24-hour trading volume of $1.2831 million, with open interest of approximately $2.6832 million.
As of the time of writing, the latest liquidity and position sizes of PAXG contracts on each platform.
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