Crypto perpetuals · Cryptocurrency · exchange token
Hyperliquid perpetual (HYPEUSDT) on QATS Prop
Hyperliquid (HYPEUSDT) is a USDT-margined perpetual future you can trade on QATS Prop Crypto challenges, one of 17 instruments on that line. It is priced from Binance or Bybit, the exchange chosen at checkout, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
HYPEUSDT at a glance
- Symbol
HYPEUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop Crypto challenges
- Priced from
- Binance or Bybit, the exchange chosen at checkout
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 00:00 UTC
- Hours
- 24/7, weekends included
What is Hyperliquid?
The token of Hyperliquid, the largest exchange for perpetual contracts that runs entirely on its own blockchain.
Hyperliquid is a trading venue built as a blockchain: orders, matching and settlement all happen on the network, at speeds close to a conventional exchange. HYPE secures that network and pays its fees; supply is capped at one billion.
A large share of the exchange’s trading fees is used to buy the token back, so its price is tied to how much the venue is used. It responds to trading volume on the exchange, to scheduled token releases to the team and early users, and to competition from other venues.
- Launched
- 2024
- Maximum supply
- 1 billion HYPE
- Network
- Hyperliquid
- Supported by
- Buybacks funded by trading fees
What moves the price of Hyperliquid?
- Exchange volume
- More trading means more fees and larger buybacks.
- Token unlocks
- Scheduled releases to contributors add supply.
- Competition
- Rival venues gaining or losing share change expectations for fees.
- Crypto market direction
- Active markets lift volume; quiet ones reduce it.
What do traders watch?
- Trading volume on Hyperliquid
- Unlock schedule
- Bitcoin direction
When does HYPEUSDT trade?
Trades around the clock, weekends included. Volume is usually deepest when European and US hours overlap, 13:00 to 17:00 UTC.
What are the risks of trading Hyperliquid on a prop account?
- Crypto moves at any hour. A stop that is not placed is not there when the move happens overnight or at the weekend.
- A young token with a concentrated supply: scheduled releases can meet thin demand.
Related instruments
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Sources
Frequently asked questions
01Can I trade Hyperliquid with a prop firm?
Yes. Hyperliquid (HYPEUSDT) is on QATS Prop Crypto challenges as a USDT-margined perpetual, priced from Binance or Bybit, the exchange chosen at checkout. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on HYPEUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade HYPEUSDT?
Trades around the clock, weekends included. Volume is usually deepest when European and US hours overlap, 13:00 to 17:00 UTC.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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