IREN (para) on Hyperliquid
IREN (para) on Hyperliquid — price $43.790 (-1.10% 24h), funding -0.0026%/1h, open interest $772.5K, 24h volume $95.7K. Annualized funding -23.1%. Source: Hyperliquid official · as of 2026-09-12 13:31 UTC
The IREN (para) perpetual trades 24/7 on Hyperliquid, including while the underlying market is closed. While the underlying market is shut the oracle stops using external quotes and advances an internal price anchored to the last external print, snapping back to the external reference once quotes resume. The Stocks hub explains how that works for this asset class.
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-iren-perp/history?format=csv&from=2026-06-14&to=2026-09-12&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.
IREN Limited (IREN) is a data center company that began in Bitcoin mining using renewable energy and has expanded into AI cloud computing infrastructure. On HyperAcademy, para:IREN is a synthetic perpetual contract tracking IREN's share price, 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:IREN provides leveraged price exposure to IREN without owning the underlying stock, with up to 10x leverage available. As a permissionless HIP-3 builder, para independently sets funding rates, oracle sourcing, and margin parameters, so consider builder/counterparty risk and oracle-pricing risk (possible divergence from IREN's real market price). IREN's own business (crypto mining and AI infrastructure) can already be volatile, and a leveraged synthetic perp on a newer builder dex adds oracle and liquidity risk on top — trade with conservative sizing.
What is para:IREN?
A synthetic perpetual contract on the para builder dex (built on Hyperliquid via HIP-3) that tracks IREN Limited's stock price, giving leveraged long/short exposure without owning shares.
Why might para:IREN be more volatile than other equity perps in this batch?
IREN's underlying business spans Bitcoin mining and AI data centers, sectors that can move sharply on crypto-market and AI-sentiment swings. Combined with leverage and oracle-based pricing, this can amplify volatility further.
What are the key risks trading para:IREN?
Up to 10x leverage is available. Risks include liquidation from price swings, oracle-pricing divergence, builder/third-party risk (para sets the market's own parameters), and potentially limited liquidity — no guaranteed profits.
What is the IREN (para) funding rate on Hyperliquid?
As of the latest snapshot, IREN (para) funding is -0.0026%/1h (≈ -23.1% annualized). Hyperliquid settles funding every hour. As of 2026-09-12 13:31 UTC.
What are IREN (para)'s 24h volume and open interest?
IREN (para) currently has $95.7K in 24h volume and $772.5K in open interest. As of 2026-09-12 13:31 UTC.
What is the max leverage for IREN (para)?
IREN (para) supports up to 10× leverage on Hyperliquid, in both isolated and cross-margin modes.