Hyperliquid Strategies Inc (PURRDAT) 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 PURRDAT on Hyperliquid?
PURRDAT (Hyperliquid Strategies Inc) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a equity perpetual — not a token — and tracks the Hyperliquid Strategies Inc price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 10x leverage. As of May 2026, PURRDAT perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional equity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker (per Hyperliquid's HIP-3 builder-market fee schedule) — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.
PURRDAT on Hyperliquid at a Glance
| Underlying | Hyperliquid Strategies Inc (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 PURRDAT candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
How to Trade Hyperliquid Strategies Inc (PURRDAT) on Hyperliquid
Hyperliquid Strategies is a digital asset treasury company that gives public-market investors exposure to HYPE, the token behind the exchange this market trades on. Trade PURRDAT perpetual futures 24/7 on Hyperliquid via trade.xyz.
PURRDAT 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 PURRDAT on Hyperliquid?
Hyperliquid offers distinct advantages for equity traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional equity markets are closed. Self-custody ensures you retain full control of your funds at all times.
PURRDAT Contract Notes & Catalysts to Watch
PURRDAT-PERP tracks the spot Hyperliquid Strategies share price through the trade.xyz oracle with hourly funding, and it is the most self-referential contract on the venue: a HIP-3 equity perp on Hyperliquid tracking a company whose balance sheet holds the token that secures Hyperliquid. A treasury company trades at a premium or discount to the value of the tokens it holds, and that spread is the actual trade. When it widens you are paying more for the equity wrapper than the underlying HYPE is worth; when it narrows or inverts, the wrapper is cheap. Because HYPE itself trades as a perp on the same exchange, you can hold both legs in one wallet and trade the premium directly rather than guessing at it. Watch treasury purchase announcements and any equity issuance used to fund them, since issuing stock to buy tokens moves both sides of the ratio.
Because the underlying is a treasury company rather than an operating business, the fundamentals here are a balance sheet and a multiple. PURR stock explained covers the holdings, the mNAV premium and the warrant overhang that most quote sites leave out, and PURR stock vs HYPE token compares this perp against holding HYPE directly, the spot ETFs and the equity itself. Note that the ticker is also shared by PURR, the HIP-1 spot memecoin, which is a completely unrelated asset.
Related markets: HYPE perpetual, Strategy (MSTR) perp.
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 PURRDAT on Hyperliquid?
PURRDAT 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 PURRDAT 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 PURRDAT 24/7 on Hyperliquid?
Yes. Unlike traditional equity markets that have set trading hours, PURRDAT 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 PURRDAT 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 PURRDAT-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 PURRDAT-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 PURRDAT 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 PURRDAT-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/purrdat.
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