TOTAL2 (para) on Hyperliquid
4% fee discount with referral code HYPERLAB
TOTAL2 (para) on Hyperliquid — price $1,061.27 (+1.53% 24h), funding +0.0054%/1h, open interest $850.8K, 24h volume $25.7K. Annualized funding +47.3%. Source: Hyperliquid official · as of 2026-10-28 04:30 UTC
- Trading status
- Live
- Max leverage
- 20×
- Funding settlement
- Hourly (1h)
- Trading hours
- 24/7/365 (no market open or close)
- Daily history since
- 2026-04-01
Contract spec from operator documentation · snapshot as of 2026-10-28 04:30 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-total2-perp/history?format=csv&from=2026-06-14&to=2026-10-28&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.
TOTAL2 (Crypto Market Cap ex-BTC) is an index tracking the combined market capitalization of all cryptocurrencies excluding Bitcoin — a broad gauge of the rest of the crypto market ('altcoins' collectively) rather than any single coin or company. On HyperAcademy, para:TOTAL2 is a synthetic perpetual contract tracking this index, 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:TOTAL2 lets traders speculate on the aggregate strength of the non-Bitcoin crypto market, with up to 20x leverage available. Because this is an index computed and priced by an oracle on a permissionless builder dex, consider oracle-calculation risk (how constituent data is sourced and aggregated), builder/counterparty risk, and liquidity risk in addition to standard leverage/liquidation risk. As a broad market-wide index with higher available leverage, conservative position sizing is especially important.
What does para:TOTAL2 track?
It tracks total cryptocurrency market capitalization excluding Bitcoin — an index representing the combined size of all altcoins, not any single asset.
How is TOTAL2 different from trading Bitcoin or a single altcoin?
TOTAL2 reflects the market cap of the entire non-Bitcoin crypto market at once, so it can rise or fall based on broad altcoin sentiment even when Bitcoin itself is flat or moving differently — it's a market-wide view, not a single-asset bet.
What are the key risks trading para:TOTAL2?
Up to 20x leverage is available, which significantly magnifies gains and losses. Consider oracle/index-calculation risk, builder/third-party risk since para sets the market's parameters, liquidity risk, and standard liquidation risk — there are no guaranteed returns.
What is the TOTAL2 (para) funding rate on Hyperliquid?
As of the latest snapshot, TOTAL2 (para) funding is +0.0054%/1h (≈ +47.3% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 04:30 UTC.
What are TOTAL2 (para)'s 24h volume and open interest?
TOTAL2 (para) currently has $25.7K in 24h volume and $850.8K in open interest. As of 2026-10-28 04:30 UTC.
What is the max leverage for TOTAL2 (para)?
TOTAL2 (para) supports up to 20× leverage on Hyperliquid, in both isolated and cross-margin modes.
How can I trade TOTAL2 (para) on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the TOTAL2 (para) market (a HIP-3 builder-deployed market). Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 20× on this market), so positions can be liquidated — size positions conservatively.