HIP-3 perp DEX

Markets By Kinetiq (mkts) HIP-3 markets

Live markets, capacity, fees, and operators for the Markets By Kinetiq builder-deployed perp DEX on Hyperliquid. Official data as of 2026-11-11 17:22 UTC.

Direct answer

Markets By Kinetiq (mkts) is a HIP-3 perp DEX on Hyperliquid with 1 active of 24 listed markets and $192K in open interest, 0.0% of all HIP-3 open interest. Its DEX-wide cap is $100M, 0.2% used. Its markets traded $111K over 24 hours, led by BVIV at $111K.

Open interest
$192K
DEX cap used
0.2%
Active markets
1 / 24
Markets at cap
0

Markets By Kinetiq markets

Markets By Kinetiq HIP-3 markets
Market24h volumeOpen interestCap usedFunding / hTier 0 takerFee settingMax lev.
BVIV$111K$192K10%6.01 bps0.09%100% scale5x

Who operates it

The deployer defines the markets and staked 500,000 HYPE to run the DEX. The oracle updater sets prices, and the fee recipient collects the deployer's share of trading fees.

Deployer
0x71f0019cc7fa79e4f42587fb7b9a817d8d2429ec
Fee recipient
0xbcd4071d023bf2aae484d724c130b5af6f0ca0d2

Recent configuration changes

Seen byMarketFieldChange
2026-11-11 12:47mkts:BVIVfundingInterestRate0.000476977 → 0.000465588
2026-11-11 06:47mkts:BVIVfundingInterestRate0.000123819 → 0.000476977
2026-11-11 00:47mkts:BVIVfundingInterestRate-0.0000812517 → 0.000123819
2026-11-10 18:47mkts:BVIVfundingInterestRate-0.0000780926 → -0.0000812517
2026-11-10 12:47mkts:BVIVfundingInterestRate0.000245649 → -0.0000780926
2026-11-10 06:47mkts:BVIVfundingInterestRate-0.000228401 → 0.000245649
2026-11-10 00:47mkts:BVIVfundingInterestRate-0.000498878 → -0.000228401
2026-11-09 18:47mkts:BVIVfundingInterestRate-0.00135467 → -0.000498878
2026-11-09 12:47mkts:BVIVfundingInterestRate-0.00068361 → -0.00135467
2026-11-09 06:47mkts:BVIVfundingInterestRate-0.00159257 → -0.00068361
2026-11-09 00:47mkts:BVIVfundingInterestRate-0.00103401 → -0.00159257
2026-11-08 18:47mkts:BVIVfundingInterestRate-0.00073885 → -0.00103401

Changes come from six-hourly official snapshots, so each time shows when the change was first seen, not the exact moment it happened. Full history and CSV: HIP-3 capacity history.

Other active HIP-3 DEXs

Risk notice
Stock perps are synthetic derivatives, not shares. They do not provide ownership, dividends, or voting rights, and traders can lose money through funding, basis, oracle issues, liquidity gaps, margin, and market volatility.

Sources

3 references · Expand
  • Hyperliquid Docs: HIP-3 builder-deployed perpetualsAccessed 2026-09-04
    Supports: HIP-3 builder-deployed perp mechanics, deployer responsibilities, 500,000 HYPE staking requirement, minimum stake duration, deployment rules, configurable fees, settlement, oracle duties, slashing risk, cross margin, and backstop liquidation.
  • Hyperliquid Docs: Perpetuals info endpointAccessed 2026-09-04
    Supports: Core and HIP-3 perpetual DEX discovery, current market contexts including rolling dayNtlVlm, perpetual metadata, funding history, predicted funding, DEX and market limits, DEX status, configuration metadata, clearinghouse state, and open-interest cap fields.
  • Hyperliquid Docs: FeesAccessed 2026-08-26
    Supports: Rolling 14-day volume tiers, perps and spot fee schedules, HIP-3 deployer fee scale and growth mode, strict HYPE staking-tier thresholds and discounts, referral fee formula and limits, staking-account linking risks, fee-model caveats, fee distribution to HLP, the assistance fund, and deployers, the assistance fund system address, and burn recognition of assistance-fund HYPE.