HL universe analysis

HIP-3 vs canonical

Do non-crypto HIP-3 perps actually behave differently from the canonical crypto perps? Funding rate distributions, OI/vol ratios, premium dislocations, and total liquidity by universe — side-by-side. HIP-3 markets are categorized by ticker (stocks / commodities / forex / other) so you can compare regimes that might otherwise lump together.