Kinetiq x 0xArchive: HIP-3 Builder Perp History

TradFi Meets DeFi Infrastructure

Equities, indices, and commodities now trade as perpetual futures 24/7 on Hyperliquid - powered by Kinetiq Markets via HIP-3.

0xArchive now has historical data coverage for every Kinetiq market, with data starting February 18, 2026.

What are Kinetiq Markets?

Kinetiq Markets uses Hyperliquid's HIP-3 framework to deploy builder perps - perpetual futures contracts for assets that don't exist natively on-chain. Think US500, NVIDIA, and gold - trading around the clock with no market close, no circuit breakers, and fully on-chain settlement.

This is TradFi meeting DeFi infrastructure. Indices, single-name equities, commodities, and bonds - all as perps on the fastest on-chain orderbook.

Markets Covered

Indices: km:US500, km:USTECH, km:SMALL2000

Equities: km:NVDA (NVIDIA), km:GOOGL (Alphabet), km:BABA (Alibaba)

Commodities & Fixed Income: km:GOLD, km:SILVER, km:USBOND (20yr+ U.S. Treasury Bonds)

Data Available

Every data type, for every market:

Order book snapshots - L2 depth at ~1 second resolution
Trades - every fill with maker/taker attribution, fees, and timestamps
Funding rates - hourly rate snapshots with premium data
Open interest - contract-level OI with mark and oracle prices

All accessible via REST API, Python SDK, and TypeScript SDK.

What Can You Build?

We put together an open-source example - an HIP-3 Asset Dashboard - that pulls funding, OI, and trade data for any Kinetiq market and generates:

Funding rate time series with annualized APR view
Funding distribution with skew and kurtosis statistics
Open interest evolution overlaid with mark price
Taker buy vs sell volume with cumulative delta
Hourly volume profiles showing when liquidity peaks

All in ~200 lines of Python using our SDK. Some ideas for what else you could build:

Funding rate arbitrage scanners - compare HIP-3 funding to CEX rates for the same underlying
Equity-crypto correlation dashboards - how does km:NVDA move relative to BTC during U.S. market hours vs overnight?
OI-weighted sentiment indicators - track positioning across all 9 Kinetiq markets in real time
TradFi hours analysis - do these perps behave differently when NYSE is open vs closed?

Quick Start

from oxarchive import Client

client = Client(api_key="0xa_your_api_key")

# List all available HIP-3 instruments
instruments = client.hyperliquid.hip3.instruments.list()
for i in instruments:
    print(f"{i.coin}: mark=${i.mark_price}, oi={i.open_interest}")

# Fetch km:NVDA funding rate history
funding = client.hyperliquid.hip3.funding.history(
    "km:NVDA",
    start="2026-02-18",
    end="2026-02-19"
)

# Fetch km:US500 trades
trades = client.hyperliquid.hip3.trades.list(
    "km:US500",
    start="2026-02-18",
    end="2026-02-19"
)