Specifications for crypto-native and tokenized asset perpetuals that trade around the clock.
These instruments reference crypto-native or tokenized assets with continuous on-chain pricing. Markets are open 24 hours a day, 7 days a week with no session breaks or weekend closures.
Bitcoin
BTC/USD:USDC
USDC
20×
2.5%
40×
Isolated
0.000000001
Ethereum
ETH/USD:USDC
USDC
20×
2.5%
40×
Isolated
0.0000001
Solana
SOL/USD:USDC
USDC
10×
5%
20×
Isolated
0.00001
Sui
SUI/USD:USDC
USDC
10×
5%
20×
Isolated
0.00001
Tether Gold
XAUT/USD:USDC
USDC
20×
2.5%
40×
Isolated
0.0000001
Hyperliquid
HYPE/USD:USDC
USDC
5×
10%
10×
Isolated
0.00001
Monad
MON/USD:USDC
USDC
5×
10%
10×
Isolated
0.000001
Zcash
ZEC/USD:USDC
USDC
10×
5%
20×
Isolated
0.00001
BNB
BNB/USD:USDC
USDC
5×
10%
10×
Isolated
0.00001
MMR (Maintenance Margin Ratio) is the minimum margin a position must hold to avoid liquidation. Once effective leverage exceeds Liq. Leverage (1 / MMR), the position becomes eligible for partial liquidation — only the amount needed to restore it to max initial leverage is closed, not the whole position. See Margin and Liquidations for details. Parameters are governance-configurable with an on-chain time delay.
XAUT/USD references Tether Gold (XAUT), a tokenized gold product backed 1:1 by physical gold held in Swiss vaults. Because XAUT is an ERC-20 token with continuous on-chain liquidity, its oracle feed is always available — making it a 24/7 market despite tracking the price of a physical commodity.
This is a key distinction from raw commodity perpetuals like XAG/USD (Silver), which follow exchange session hours because their oracle feeds reflect real-world commodity exchange pricing.
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