Robinhood stock tokens against their Hyperliquid perps

One share, three prices: the token on Robinhood Chain, the official share quote, and the perpetual future on Hyperliquid's xyz dex, matched by ticker and only on the same price basis. 54 of the 108 perps on that dex are a Robinhood stock token here, carrying $1.66B of open interest and $376.8M of 24-hour volume; funding is positive on 42 of them and negative on 12.

Largest open interest now: SKHY (perp -3.60% vs the share, token +0.50% vs the perp), MU (perp -1.99% vs the share, token +1.15% vs the perp), INTC (perp -3.09% vs the share, token +1.95% vs the perp), NVDA (perp -0.83% vs the share, token +0.13% vs the perp), SNDK (perp -2.94% vs the share, token +2.47% vs the perp), SPCX (perp +0.27% vs the share, token -0.21% vs the perp), GOOGL (perp -0.64% vs the share, token -0.73% vs the perp), CRCL (perp -2.92% vs the share, token +4.16% vs the perp).

The gaps between the three prices are the read; the funding rate is what the perp crowd pays to hold its side (positive: longs pay shorts). The perp settles in USDC against Hyperliquid's own oracle and carries no claim on the share. Figures from Hyperliquid are third party, labelled and dated; the token price and the official quote are ours.