Coinbase Global (COIN) Price on Hyperliquid
Auto-refreshes every 30s · Max leverage: 10x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is COIN on Hyperliquid?
Yes — Coinbase (COIN) trades as a perpetual futures contract on Hyperliquid via the trade.xyz HIP-3 venue. COIN-PERP is cash-settled in USDC and tracks the spot Coinbase share price through an oracle, so you take a leveraged directional position rather than owning shares — no dividends, voting, or custody. Because Coinbase earns on trading volume, custody, and USDC interest, the perp behaves like a high-beta proxy for overall crypto activity, often amplifying BTC and ETH moves, and it trades 24/7 — including the weekends when crypto moves but Coinbase stock is closed. Funding settles hourly to keep it anchored to the underlying. To trade it: deposit USDC on Hyperliquid, connect the same wallet on trade.xyz, choose COIN, set leverage and direction, and confirm.
COIN on Hyperliquid at a Glance
| Underlying | Coinbase Global (Equity) |
|---|---|
| Market type | HIP-3 perpetual future via trade.xyz |
| Max leverage | 10x |
| Maker fee | 0.03% |
| Taker fee | 0.09% |
| Funding interval | Hourly |
| Margin & settlement | USDC — cash-settled, no expiry |
| Trading hours | 24/7, including weekends & holidays |
Live COIN candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
How to Trade Coinbase Global (COIN) on Hyperliquid
Coinbase is the largest US-based cryptocurrency exchange and the most direct listed proxy for crypto-market activity. Trade COIN perpetual futures on Hyperliquid via trade.xyz for leveraged exposure to the crypto exchange sector.
COIN is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 10x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade COIN on Hyperliquid?
Coinbase is the one equity in the trade.xyz book that crypto-native traders already understand instinctively, because its revenue is a leveraged bet on the same thing they trade all day: spot and derivatives volume, custody balances, and stablecoin (USDC) interest income. That makes COIN a high-beta proxy for crypto risk generally — it tends to move more than a BTC swing on big trend days — but with equity-specific catalysts layered on top: quarterly transaction-revenue prints, US regulatory and ETF-custody headlines, S&P 500 index-membership flows, and the USDC reserve-yield sensitivity to Fed policy. The structural reason to trade COIN as a perp rather than the stock is the calendar mismatch I run into constantly: crypto trades 24/7, but COIN stock is closed nights and weekends — so when BTC gaps on a Sunday, the listed proxy can't react until Monday's open, while COIN-PERP on Hyperliquid via trade.xyz prices it immediately. The contract is cash-settled in USDC with hourly funding, sits in the same wallet as your BTC and ETH perps, and lets you hedge a long crypto book against exchange-specific or regulatory risk — or express "crypto up, but Coinbase loses share" — without a US brokerage account, PDT rule, or T+1 settlement.
COIN Contract Notes & Catalysts to Watch
COIN-PERP tracks the spot Coinbase Class A share price via the trade.xyz oracle with hourly funding. Biggest catalysts: quarterly earnings (typically early-to-mid February, May, August, November), where transaction revenue and subscription and services income (USDC, staking, custody) drive the reaction; SEC and regulatory and crypto-ETF-custody news; and the BTC/ETH spot trend itself, since COIN is heavily correlated to crypto beta. Because it tracks a listed equity, depth is best during US hours and thinner overnight — but the 24/7 access is exactly the point for trading weekend crypto moves. Funding often turns sharply positive on crypto rallies as perp longs crowd the exchange proxy.
Key Market Facts
Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule.
Frequently Asked Questions
How do I trade COIN on Hyperliquid?
COIN is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 10x leverage.
What are the fees for COIN on Hyperliquid?
HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.
Can I trade COIN 24/7 on Hyperliquid?
Yes. Unlike traditional equity markets that have set trading hours, COIN perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
How we source and review this market data
Data collection. Live COIN price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where COIN-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on COIN-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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Where the figures come from. Live COIN price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where COIN-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.
Reuse. You may republish these figures with attribution and a link to entropyguides.com/markets/xyz/coin.
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