A changing universe of perpetual derivatives
Use Proliquid to discover and trade supported Hyperliquid markets. That set can include Bitcoin, Ethereum, S&P 500, gold, forex, and selected SpaceX-linked exposure. Compare live activity, then open the market with the same validation and execution controls.
To trade stocks on Hyperliquid is to trade equity-linked perpetual derivatives, not to buy or own company shares. These markets are sometimes described as tokenized stocks, but they remain derivatives with no share ownership, voting rights, or dividends. The available universe changes as markets are added, halted, or delisted.
Free to explore · Connect a wallet only when you are ready to trade
Choose markets with evidence
A market is tradable only when its contract, activity, liquidity, and risk fit the plan. Proliquid connects market discovery with the measurements and controls needed for the next decision.
Discover
Use trade count, volume, price change, volume delta, and volatility to find markets where participation is changing now rather than relying only on a 24-hour leaderboard.
Compare
Funding, open interest, and cross-exchange context help explain current perpetual positioning and the cost of maintaining exposure.
Investigate
News, whale trades, liquidation zones, and related-market movement can show why a market is active and what may challenge the initial interpretation.
Execute
Open supported markets in Terminal with chart, orderbook, account context, and Market, Limit, Scale, Chase, TWAP, or Burst execution paths.
Market universe
Hyperliquid's market set includes crypto perpetuals and selected perpetuals linked to real-world references. Availability varies, and each builder-deployed market can have distinct oracle, collateral, margin, leverage, and fee conditions.
Crypto
Trade Bitcoin, Ethereum, Solana, and HYPE with matched news, momentum, funding, liquidity, and order context.
Global Equities
Trade SpaceX, NVIDIA, SK hynix, and Samsung during supported U.S. and Asian sessions.
Equity Indices
Trade the S&P 500, U.S. 100, Nikkei 225, and Korea 200 as index-linked perpetuals.
Commodities
Trade WTI, Brent, gold, and silver next to macro headlines and supply shocks.
FX
Trade USD/JPY, EUR/USD, GBP/USD, and other supported currency markets next to central-bank and macro events.
Pre-IPO
Watch selected private-company valuation markets when they go live, with news and contract terms beside them.
Current market examples
Verified
| Category | Examples | What the contract is |
|---|---|---|
| United States equities | SPCXNVDATSLAAAPL | Equity-linked perpetual derivatives; no company shares |
| South Korea equities | SKHXSMSNHYUNDAIKR200 | Equity- or index-linked perpetual derivatives; no shares or index units |
| Japan equities | SOFTBANKKIOXIAJP225 | Equity- or index-linked perpetual derivatives; no shares or index units |
| Hong Kong equities | MINIMAXZHIPU | Equity-linked perpetual derivatives; no company shares |
| Equity indices | SP500XYZ100KR200JP225 | Index-linked perpetual derivatives; no fund or index units |
| Commodities | GOLDSILVERCLBRENTOILCOPPERNATGAS | Commodity-linked perpetual derivatives; no physical delivery or ownership |
| FX | EURJPYGBP | FX-linked perpetual derivatives; no currency delivery |
Verify with primary sources
Proliquid helps organize the trading workflow. Hyperliquid protocol documentation, live metadata, and relevant HIP-3 deployer specifications remain the source of truth for contract and market behavior.
Protocol overview
Live market metadata
Contract behavior
Permissionless markets
XYZ protocol architecture
Current XYZ contracts
Funding payments
Market-selection workflow
Use the same sequence across crypto and real-world-reference perpetuals, while adding the contract-specific checks required by the underlying reference and perp DEX.
Read the product guideIdentify the ticker, perpetual DEX, reference asset, oracle, collateral, margin mode, maximum leverage, and current trading status. Similar names do not imply identical contracts.
Compare recent trades, volume, volatility, open interest, spread, and executable depth with the order size you are considering.
Review crypto events or, where applicable, earnings, exchange sessions, holidays, macro releases, central-bank decisions, commodity reports, and valuation events.
Choose side, size, leverage, margin mode, order type, price or slippage control, invalidation, and monitoring plan before submitting.
Track fills, fees, funding, position margin, news, and any change in liquidity or trading status after the order becomes active.
Market-specific risk
A perpetual linked to a token, stock, index, commodity, currency, or private-company valuation remains a leveraged derivative with its own orderbook, oracle, funding, and liquidation mechanics.
A perpetual position does not deliver the referenced token, shares, index units, physical commodity, currencies, or private-company allocation rights.
The referenced market may close while the perpetual remains available. Oracle rules, gaps, holidays, and off-session liquidity can affect pricing and liquidation risk.
Leverage, margin mode, collateral, fees, open-interest caps, precision, and trading status can differ by contract and perp DEX.
A market visible in a picker may not have enough depth for your size. Spread and slippage can expand during news, liquidation pressure, or thin sessions.
Before you trade
Product behavior and limits, explained without trading promises.
The available perpetual universe can include crypto, selected global-equity references from the United States, South Korea, Japan, and Hong Kong, equity indices, commodities, FX, and selected pre-IPO valuation markets. Availability and execution support change, so use the live Proliquid market picker and trade form for the current set.
Proliquid can provide access to supported equity-linked Hyperliquid perpetuals. These are derivatives, not company shares, and do not provide stock ownership, voting rights, or dividends. Confirm the current market and execution controls before trading.
The reviewed market universe includes selected equity- and index-linked perpetuals referencing South Korean, Japanese, and Hong Kong markets. They remain derivatives with no ownership of the referenced shares or index units, and availability can change.
Selected commodity- and FX-linked perpetuals can be available through supported Hyperliquid markets. They provide derivative price exposure, not physical commodity ownership or delivery of either currency. Check the current contract, session, oracle, liquidity, funding, and margin terms.
HIP-3 allows qualified builders to deploy separate perpetual DEXs on HyperCore. The deployer is responsible for market definition and operation, including oracle design and contract settings, while the market uses HyperCore orderbook and margin infrastructure. Terms can vary by deployer and contract.
Selected private-company valuation markets may become available, but no active example was verified in the July 13, 2026 market snapshot. When live, they are derivatives, not private-company shares, allocation rights, or participation in a future offering. Check the live market picker, valuation definition, oracle, settlement, liquidity, and current status before trading.
Where data and matching are available, Proliquid can connect non-crypto perpetual markets with matched news, short-window screener activity, funding, open interest, and alerts. These inputs are informational and can be incomplete, so verify the original source and contract before acting.
Some HIP-3 perpetuals can trade outside the referenced cash market's normal session, but schedules vary by contract and are not necessarily 24/7. Off-session oracle behavior, spread, depth, gaps, holidays, funding, and liquidation risk require extra care; check the current specification index.
Find the right market
Use Proliquid to narrow a changing Hyperliquid market set with live activity, market intelligence, and an execution workflow built around validation.
