BTCD (para) on Hyperliquid
BTCD (para) on Hyperliquid — price $59.737 (-0.05% 24h), funding +0.0110%/1h, open interest $1.2M, 24h volume $61.8K. Annualized funding +96.2%. Source: Hyperliquid official · as of 2026-09-07 02:31 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/para-btcd-perp/history?format=csv&from=2026-06-14&to=2026-09-07&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
Bitcoin Dominance (BTCD) measures Bitcoin's share of the total cryptocurrency market capitalization — a ratio/index, not a tradable coin or company. It rises when Bitcoin outperforms the rest of the crypto market and falls when altcoins gain relative share. On HyperAcademy, para:BTCD is a synthetic perpetual contract tracking this dominance ratio, offered on the para builder dex, a third-party market deployed on Hyperliquid via the HIP-3 framework — not operated by Hyperliquid core. Trading para:BTCD lets traders speculate on shifts in market structure (Bitcoin vs. altcoins) rather than on Bitcoin's price itself, with up to 20x leverage available. Because this is an index-style product priced by an oracle on a permissionless builder dex, consider oracle-calculation risk (how the dominance figure is sourced and aggregated), builder/counterparty risk, and liquidity risk, in addition to standard leverage/liquidation risk. This is a niche, higher-leverage instrument best suited to traders who understand dominance dynamics.
What does para:BTCD track?
It tracks Bitcoin Dominance — Bitcoin's percentage share of the total crypto market cap — as an index/ratio, not a single coin. It moves based on how Bitcoin's market cap performs relative to the rest of the crypto market combined.
How is para:BTCD different from a regular BTC perp?
A BTC perp tracks Bitcoin's dollar price. para:BTCD tracks a ratio between Bitcoin and total crypto market cap, so it can rise even if Bitcoin's price falls, as long as altcoins fall faster (and vice versa).
What are the main risks trading para:BTCD?
Up to 20x leverage magnifies gains and losses. Because it's an index computed from aggregated market-cap data via an oracle on the para builder dex, consider oracle/data-source risk, builder/third-party risk, and liquidity risk alongside standard liquidation risk.
What is the BTCD (para) funding rate on Hyperliquid?
As of the latest snapshot, BTCD (para) funding is +0.0110%/1h (≈ +96.2% annualized). Hyperliquid settles funding every hour. As of 2026-09-07 02:31 UTC.
What are BTCD (para)'s 24h volume and open interest?
BTCD (para) currently has $61.8K in 24h volume and $1.2M in open interest. As of 2026-09-07 02:31 UTC.
What is the max leverage for BTCD (para)?
BTCD (para) supports up to 20× leverage on Hyperliquid, in both isolated and cross-margin modes.