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Stock Perpetual Futures

Trade Tesla, GameStop, Nvidia and other household-name stocks 24 hours a day.

Stock perpetuals on Hyperliquid let you take long or short positions on individual companies without a brokerage account, without market-hours constraints, and without share minimums. You don't own the underlying shares; you're trading the price.

All stocks perpetuals on Hyperliquid

How stocks perpetuals work

Stock perpetuals on Hyperliquid track the price of a real publicly-traded company. When you go long Tesla, you don't get shares of Tesla, voting rights, or dividends. You're posting margin against a contract whose price tracks TSLA, and profit or loss is settled in USDC.

The contract trades 24/7. During U.S. market hours the price tracks the live tape closely. Outside of market hours the price reflects expectations about where the stock will open, which is why overnight gaps can be larger than during the regular session.

Settlement is fully on-chain on Hyperliquid. Every trade is verifiable, no off-chain matching engine. Liquidiction routes orders as a builder code; your wallet signs the transactions.

Frequently asked questions

Do I own shares of the company?
No. Trading a stock perpetual gives you exposure to the price of the stock, but you don't own shares. You don't receive dividends, you don't have voting rights, and there's no claim on the company. The position is purely a price bet settled in USDC.
How does the perpetual price stay in line with the actual stock price?
The funding-rate mechanism keeps the perp price near the underlying. Hyperliquid uses an oracle price (typically a TWAP from major exchanges) to compute a premium/discount, and longs or shorts pay each other hourly to bring the prices back in line.
Can I trade outside U.S. market hours?
Yes. Stock perpetuals on Hyperliquid trade 24 hours a day, 7 days a week. During U.S. market hours the price tracks the live tape closely. Outside market hours liquidity is thinner and price discovery reflects forward expectations.
What is a perpetual future?
A perpetual future is a contract that lets you bet on the price of an asset without owning it and without an expiration date. Unlike traditional futures, perpetuals never expire, so you can hold a position as long as you can pay funding and maintain margin. The price is kept in line with the underlying asset by a funding-rate mechanism.
What are funding rates?
Funding rates are small periodic payments between long and short traders that keep the perpetual price aligned with the underlying spot price. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. Hyperliquid charges funding hourly.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend; we never take possession of your funds. You sign transactions from your own wallet.
How is Liquidiction related to Hyperliquid?
Liquidiction is an independent frontend built on top of the Hyperliquid exchange. We aggregate Hyperliquid markets, surface analytics, and route trades through Hyperliquid as a builder code. We are not affiliated with the Hyperliquid Foundation.
Is this investment advice?
No. Nothing on this site is investment, legal, or tax advice. Perpetual futures are leveraged products and you can lose more than your initial margin. Do your own research and only trade with capital you can afford to lose.

Liquidiction is a non-custodial frontend interface for the Hyperliquid decentralized exchange. We display markets and route user-initiated orders to Hyperliquid; we do not operate an exchange, match orders, or take possession of user funds at any point. Perpetual futures are leveraged products and you can lose more than your initial margin. Nothing on this page is investment, legal, or tax advice. See our Terms and Privacy Policy.

Stock company data and earnings dates are sourced from Finnhub. Verify with the official issuer before trading.