para:GDXother / unreviewed · growth mode on · 10× max
Over 0 days of 20-level order-book snapshots, para:GDX quoted a median spread of 10.25 bps in US regular hours with $50k resting within 25 bps of mid. A $25k market order paid about 16.31 bps in regular hours and — on weekends, when depth within 25 bps fell to —. Taker fee is 0.90 bps with growth mode on; funding averaged +107.75% annualised over the last 30 days.
order book replay48 snapshots · 2026-10-13 20:47 → 2026-10-14 00:41 UTC · GDX.json
depth = USD resting within ±25 bps of mid · slip = $25k market order through the book, avg fill vs mid, buy/sell mean · med = this market's median in the snapshot's session
order book replay: no recent order book snapshots
by sessionNew York time · medians over 0 days
| session | snaps | spread | p90 | top | depth ±10 | depth ±25 | depth ±50 | $5k | $25k | $100k | $100k fills | $250k fills |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US regular 9:30–16:00 | 78 | 10.25 | 12.66 | $50k | 16.31 | 85.88 | 99% | 0% | ||||
| US extended 4–9:30, 16–20 | 73 | 9.98 | 12.83 | $40k | 12.39 | 89.46 | 97% | 0% | ||||
| Overnight 20–4 | 8 | 13.14 | 14.34 | $20k | 32.49 | 138.95 | 88% | 0% |
bps unless stated RTH 9:30–16:00 extended 4:00–9:30 and 16:00–20:00 overnight 20:00–4:00 on weekdays weekend runs Friday 20:00 to Monday 4:00 and includes NYSE holidays slip = mean of the buy and sell side of a market order walking the visible 20 levels fills = share of snapshots the size fits inside those levels "—" = not fillable in the median snapshot
trade flowtaker side · 24 h to 2026-10-14 00:45 UTC · 30 d = last 30 complete UTC days · all markets
daily net taker flow
by session · 30 d
| session | taker buy | taker sell | net | imbalance | trades | share of notional |
|---|---|---|---|---|---|---|
| US regular 9:30–16:00 | $91 | $178 | −$87 | -32.3% | 10 | 23% |
| US extended 4–9:30, 16–20 | $526 | $379 | +$147 | +16.2% | 8 | 77% |
| Overnight 20–4 | $0 | $0 | $0 | — | 0 | 0% |
| Weekend / holiday | $0 | $0 | $0 | — | 0 | 0% |
sessions in New York time as in the liquidity table above share = the session's taker notional over all four, $1k in 30 days
hour of week · taker notional
large orders · 0 latest of 0
No orders of $50k or more in this market's data.
top takers · 30 d
| # | taker address | taker buy | taker sell | net | trades | share |
|---|---|---|---|---|---|---|
| 1 | 0xa768…158f | $355 | $346 | +$9 | 2 | 60% |
| 2 | 0xd608…00bb | $91 | $91 | $0 | 9 | 16% |
| 3 | 0x8f69…b7d3 | $90 | $87 | +$3 | 2 | 15% |
| 4 | 0x9b17…b5cc | $49 | $0 | +$49 | 1 | 4% |
| 5 | 0x2d53…bd3d | $21 | $21 | $0 | 2 | 4% |
| 6 | 0x3325…dcca | $0 | $11 | −$11 | 1 | 1% |
| 7 | 0xb98e…90af | $10 | $0 | +$10 | 1 | 1% |
large orders: fills grouped by transaction hash, taker and side, $50k or more per order; fills without a hash are not grouped share = the address's taker notional over all $1k of 30-day taker notional (18 trades, 7 takers) addresses are public on-chain data and link to the Hyperliquid explorer; an address can be a subaccount, vault, market maker or bot and is not labelled taker notional is volume, not a change in open interest rebuilt nightly and at 09:05 ET, not a live tape raw: /api/para/flow/GDX.json definitions in methodology
fundinghourly settlements · positive = longs pay · neutral 6.57% APR · all markets
hour of week · mean funding apr
funding by session
| session | apr · 30d | hours · 30d | above neutral · 30d | apr · all | hours · all | above neutral · all |
|---|---|---|---|---|---|---|
| US regular 9:30–16:00 | +8.32% | 6 | 17% | +8.32% | 6 | 17% |
| US extended 4–9:30, 16–20 | +182% | 8 | 25% | +182% | 8 | 25% |
| Overnight 20–4 | — | 0 | — | — | 0 | — |
| Weekend / holiday | — | 0 | — | — | 0 | — |
mean of the hourly rates settled in each session, annualised 30d = the 720 hours ending at the last settlement, all = since 2026-10-13 above neutral = share of those hours settled above the neutral rate in force when each hour settled (currently 6.57% APR)
largest settlements · 30 d
| settled · ET | session | rate bps/h | APR |
|---|---|---|---|
| 10-13 07:0010-13 11:00 UTC | US extended | +15.49 | +1,357% |
| 10-13 08:0010-13 12:00 UTC | US extended | +0.705 | +61.76% |
| 10-13 16:0010-13 20:00 UTC | US regular | +0.1947 | +17.06% |
| 10-13 20:0010-14 00:00 UTC | US extended | +0.075 | +6.57% |
| 10-13 19:0010-13 23:00 UTC | US extended | +0.075 | +6.57% |
| 10-13 18:0010-13 22:00 UTC | US extended | +0.075 | +6.57% |
| 10-13 17:0010-13 21:00 UTC | US extended | +0.075 | +6.57% |
| 10-13 15:0010-13 19:00 UTC | US regular | +0.075 | +6.57% |
| 10-13 14:0010-13 18:00 UTC | US regular | +0.075 | +6.57% |
| 10-13 13:0010-13 17:00 UTC | US regular | +0.075 | +6.57% |
positive = longs pay shorts the neutral rate is the deployer's carry (base interest 0.01% per 8 h × funding multiplier 0.6), not crowd positioning every mean is over observed hours; collector gaps are not filled rebuilt nightly and at 09:05 ET, not live raw: /api/para/funding/GDX.json definitions in methodology
holdersidentified on chain · positions read 2026-10-14 00:17 UTC · scan age 30 min · all markets
top 10 next 40 rest identified unidentified · share of the side's open interest
largest positions · 2 of 2 identified
| # | address | side | size | notional | of OI | entry | leverage | liq. price | uPnL | mkts | 1 d | 7 d |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0x692e…84c1↗ | short | 0.4200 | $37 | 31.3% | 89.12 | 3×isolated | 120.16 | +$1 | 16 | −$37open | −$37open |
| 2 | 0x1081…65b7↗ | short | 0.1200 | $10 | 9.0% | 87.25 | 6×isolated | 96.95 | $0 | 28 | −$10open | −$10open |
coverage by day
| date | identified | long side | short side | identified holders |
|---|---|---|---|---|
| 2026-10-14 | 40.3% | 0.0% | 80.6% | 2 |
| 2026-10-13 | — | — | — | 0 |
| 2026-10-12 | — | — | — | 0 |
| 2026-10-11 | — | — | — | 0 |
| 2026-10-10 | — | — | — | 0 |
| 2026-10-09 | — | — | — | 0 |
| 2026-10-08 | — | — | — | 0 |
| 2026-10-07 | — | — | — | 0 |
| 2026-10-06 | — | — | — | 0 |
| 2026-10-05 | — | — | — | 0 |
- Positions as read during the scan round, not now. Size in coins; notional = size × this round's mark.
- Entry, leverage, liquidation price and uPnL as the exchange reported them. "none" = no liquidation price (typically low-leverage cross); still included.
- Carried = this round's read failed, the last read is kept.
- 1 d · 7 d = change in size × this round's mark, only for addresses read at both times.
- Addresses link to the live portfolio view and the Hyperliquid explorer; no labels. Raw: GDX.json · methodology
slippage curve
hour of week
weekly · spread
weekly · depth ±25 bps
per round trip = 2 × median slippage + 2 × taker fee funding uses the 30-day mean hourly rate, annualised, charged for a position held all day slippage between tested sizes is interpolated on a log scale ignores maker rebates, impact that persists after your fill, and fee tiers
history4 market changes to para:GDX observed in the changelog · newest first
- 2026-10-13 11:26listedannounced → tradingtrading enabled, announced 2026-10-02 · OI cap $25M · 10× max · growth mode on · marginTableId 10 · szDecimals 2 · fundingMultiplier 0.6
- 2026-10-13 10:26growth modedisabled → enabledgrowthMode observed changing from disabled to enabled
- 2026-10-02 14:49OI cap— → $25.0MoiCap observed changing from unknown to $25M
- 2026-10-02 12:49announced— → announcedmarket announced, trading not enabled
Plus 1 funding-parameter change on 1 day, not listed here: show them in the changelog.
observed = first collector snapshot showing the new value, UTC; the change happened between the previous snapshot and that one announced = the market appeared with trading disabled; listed = trading enabled; trading halt = off and back within 48 h, before → after = mark either side full changelog atom feed
159 snapshots · 2026-10-13 11:26 → 2026-10-14 00:36 UTC (0.5 days) · size decimals 2 · raw: /api/para/GDX.json · method and caveats: methodology