Markets By Kinetiq (mkts) on Hyperliquid: HIP-3 Markets, OI & Fees

Direct answer

Markets By Kinetiq (mkts) is a HIP-3 perp DEX on Hyperliquid with 4 active of 24 listed markets and $8.53M in open interest, 0.2% of all HIP-3 open interest. Its DEX-wide cap is $100M, 8.5% used. Its markets traded $7.07M over 24 hours, led by US500 at $4.52M. Every active market runs in growth mode, so taker fees are 0.1x to 0.2x the core rate.

Open interest: $8.53M
DEX cap used: 8.5%
Active markets: 4 / 24
Markets at cap: 0

Markets By Kinetiq markets

Markets By Kinetiq HIP-3 markets
Market	24h volume	Open interest	Cap used	Funding / h	Tier 0 taker	Fee setting	Max lev.
US500	$4.52M	$2.06M	8%	0.06 bps	0.009%	Growth mode	25x
USTECH	$1.86M	$4.25M	14%	0.06 bps	0.009%	Growth mode	25x
SMALL2000	$590K	$820K	8%	-0.61 bps	0.009%	Growth mode	20x
USBOND	$108K	$1.4M	14%	0.46 bps	0.009%	Growth mode	10x

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 by	Market	Field	Change
2026-09-27 12:47	mkts:BVIV	fundingInterestRate	0.00186401 → 0.00152979
2026-09-27 06:47	mkts:BVIV	fundingInterestRate	0.00191684 → 0.00186401
2026-09-27 00:47	mkts:BVIV	fundingInterestRate	0.00224445 → 0.00191684
2026-09-26 18:47	mkts:BVIV	fundingInterestRate	0.00288888 → 0.00224445
2026-09-26 12:47	mkts:BVIV	fundingInterestRate	0.00267497 → 0.00288888
2026-09-26 06:47	mkts:BVIV	fundingInterestRate	0.00309457 → 0.00267497
2026-09-26 00:47	mkts:BVIV	fundingInterestRate	0.00288657 → 0.00309457
2026-09-25 18:47	mkts:BVIV	fundingInterestRate	0.00225889 → 0.00288657
2026-09-25 12:47	mkts:BVIV	fundingInterestRate	0.00145969 → 0.00225889
2026-09-25 06:47	mkts:BVIV	fundingInterestRate	0.00142278 → 0.00145969
2026-09-25 00:47	mkts:BVIV	fundingInterestRate	0.00145545 → 0.00142278
2026-09-24 18:47	mkts:BVIV	fundingInterestRate	0.00109435 → 0.00145545

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.