Paragon offers a perpetual futures contract tied to MarketVector’s US semiconductor index on Hyperliquid, letting traders take exposure outside regular US stock-market hours. It uses an extended-hours index calculated with Pyth price data.
Thin overnight liquidity can weaken hedging and let price gaps persist. Trade, oracle and mark prices can differ; a large enough mark-price move can liquidate a leveraged position, and a correct forecast for the opening bell won’t undo it.
Thin overnight liquidity can weaken hedging and let price gaps persist. Trade, oracle and mark prices can differ; a large enough mark-price move can liquidate a leveraged position, and a correct forecast for the opening bell won’t undo it.