PAXG Futures Volume Reaches $17.05 Million on Hyperliquid Exchange

PAXG futures trading on Hyperliquid saw a volume of $17.05 million in the past 24 hours, reflecting a significant increase, while bearish sentiment leads to a negative funding rate.

HYPE

PAXG

45d ago

Summary

PAXG futures trading volume on Hyperliquid reached $17.05 million, with open interest at $71.99 million and a funding rate of -0.0023%, indicating shorts are paying longs amid a bearish market sentiment.

Terms & Concepts

PAXG: A token representing one fine troy ounce of gold, issued by Paxos Trust Company.
Futures: A financial contract obligating the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price.
Funding Rate: A periodic payment between traders in perpetual futures to keep contract prices aligned with spot prices; positive rates mean longs pay shorts, negative means shorts pay longs.