> For the complete documentation index, see [llms.txt](https://docs.paragon.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paragon.trade/resources/faq.md). # FAQ Frequently asked questions about Paragon. ## General ### What is Paragon? Paragon lists perpetual futures across asset classes on Hyperliquid — crypto market indices (BTC.D, TOTAL2, OTHERS) and single-name equities, with more classes to come. Trade the benchmarks and assets you already follow, with leverage. ### How is Paragon different from other index products? Unlike spot index baskets or custom composites, Paragon offers: * **Perpetual futures** - The native instrument for crypto traders * **Familiar benchmarks and assets** - The indices and stocks traders already reference * **Native Hyperliquid listing** - No new venue, no fragmented liquidity ### Who is behind Paragon? Paragon is built by a team with low-latency and distributed systems DNA. We're product-obsessed and have been DeFi power users for years. ## Trading ### Where do I trade Paragon markets? Directly on [app.hyperliquid.xyz](https://app.hyperliquid.xyz). Paragon markets are listed alongside all other Hyperliquid perpetuals. ### What leverage is available? Leverage varies by market, up to 20x. See the [market specifications](/markets/specifications.md) for each market's maximum. ### What are the trading fees? Paragon markets follow Hyperliquid's standard fee schedule, with reduced rates for high-volume traders. See [Fees](/trading/fees.md) for details. ### How does funding work? Funding rates are exchanged hourly between longs and shorts to keep perpetual prices aligned with the underlying. Positive funding means longs pay shorts; negative funding means shorts pay longs. Each market applies a funding multiplier that scales the rate — see [Funding Rates](/trading/fees.md#funding-rates). ## Markets ### What markets are available? * **Crypto indices**: BTC.D, TOTAL2, OTHERS * **Equities**: single-name stocks, with more to come See the [market specifications](/markets/specifications.md) for each market's parameters. ### How do equity perpetuals work? Equity perps give cash-settled, leveraged exposure to a single stock — no brokerage account or share custody, and no ownership, voting, or dividend rights. The contract trades 24/7 on Hyperliquid; the external price feed runs during market sessions, and outside them the mark is bounded internally. See [Equities](/markets/equities.md). ### How are crypto index values calculated? Market cap indices sum the (price × circulating supply) of constituent assets; dominance indices divide one market cap by total market cap. See [Methodology](/markets/crypto-indices/methodology.md). ### How often are indices updated? Index prices update in real-time (sub-second). Constituent rebalancing occurs daily. ### Can I see the index constituents? Yes. Constituent lists and weightings are published and auditable. See [Methodology](/markets/crypto-indices/methodology.md). ## Technical ### What is HIP-3? HIP-3 is Hyperliquid's framework for third-party perpetual futures. It enables Paragon to deploy markets with native fee-sharing and direct listing on Hyperliquid's interface. See [HIP-3 Integration](/about-paragon/hip-3.md). ### Is there an API? Yes. Paragon markets use the standard Hyperliquid API. See [API Overview](/developers/api.md). ### How reliable is the oracle? The Paragon oracle network targets 99.99% uptime with redundant infrastructure, multiple data sources, and automatic failover. ## Support ### Where can I get help? * **Support Bot**: Open a ticket via the [Paragon Support Bot](https://t.me/ParagonSupportBot) on Telegram * **Discord**: [Join Discord](https://discord.gg/qd6a9gTqqr) for community support * **Telegram**: [Join Group](https://t.me/paragon_trade) * **Twitter**: [@tradeparagon](https://x.com/tradeparagon) ### I found a bug. How do I report it? Open a support ticket through the [Paragon Support Bot](https://t.me/ParagonSupportBot) on Telegram. You can also report bugs in the Telegram group or DM a team member. For security issues, contact the team directly via Telegram DM. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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