LoadingLoadingLoadingThe Anthropic pre-IPO perpetual on Hyperliquid trades at $97.18, 6.1% lower than 24 hours ago, as of . Open interest is $63.7M, 24 hour volume is $21.7M and funding is 0.00007% an hour (longs pay shorts). It is a perpetual contract on the expected public equity of Anthropic, not a share of Anthropic. It gives no ownership, votes or IPO allocation, there is no public share price yet, and it keeps trading around the clock.
Longs pay shorts
Venue: Hyperliquid, the xyz dex run by trade[XYZ], market xyz:ANT. Read . A perp price is not a share price. A position gives no shares, votes or IPO allocation. Refreshed about every hour.
Entropy's io:ANTH is quoted in valuation, where 1 point is $1B of Anthropic's fully diluted valuation, while this page's market and Paragon's para:ANTH quote one share. The numbers are in different units, so they are not the same price and are not comparable without Anthropic's fully diluted share count. A perp price is not a share price.
| Venue | Price as read | 24h volume | Open interest | Market | What it references |
|---|---|---|---|---|---|
| Entropy (io dex) | 1,599.1Valuation points, about $1.60 trillion | $33.9M | $131.8M | io:ANTH | Anthropic's valuation, not a share: a price of 1 is $1B of Anthropic PBC's fully diluted valuation. |
| Paragon (para dex) | $96.77Per share | $66K | $75K | para:ANTH | The expected value of one share of Anthropic, PBC ahead of a potential public listing. |
Read from Hyperliquid 2026-11-07 16:02 UTC. What each contract references is from its venue's documentation: Entropy pre-IPO perpetuals, Paragon contract specifications.
Anthropic has no public share price to read, so the venue prices the market itself. The Hyperliquid perpetual trades all week and all weekend, and Hyperliquid traders set its price.
Schedule and pricing rules from trade[XYZ]'s documentation, read 2026-11-03. The venue can change them. Sources: Pre-IPO perpetuals, Pre-IPO specifications, Alternative settlement, How the oracle price works, Holiday closures, Contract specifications.
| Market | Price | 24h change | Funding per hour | Open interest | Hyperliquid market |
|---|---|---|---|---|---|
| WTI Crude Oil | $90.04 | +0.2% | 0.0019% | $173.5M | xyz:CL |
| Brent Crude Oil | $97.20 | +0.7% | 0.0006% | $394.2M | xyz:BRENTOIL |
| Gold | $4,073 | +0.4% | 0.0006% | $302.6M | xyz:GOLD |
| Silver | $52.10 | +0.4% | 0.0004% | $206.3M | xyz:SILVER |
| Natural Gas | $3.10 | +2.3% | 0.0006% | $24.6M | xyz:NATGAS |
| Copper | $6.26 | -0.2% | -0.0031% | $8.6M | xyz:COPPER |
| Platinum | $1,536 | -0.7% | -0.0029% | $2.9M | xyz:PLATINUM |
| S&P 500 | $7,383 | -0.6% | -0.0008% | $386.2M | xyz:SP500 |
| XYZ100 | $26,953 | -0.7% | -0.0012% | $286.1M | xyz:XYZ100 |
| Palladium | $1,022 | +0.098% | -0.0005% | $2.1M | xyz:PALLADIUM |
| Diesel (ULSD) | $4.34 | +1.4% | 0.0105% | $118K | xyz:HO |
| Japan 225 | 58,199 | -0.5% | 0.0006% | $3.0M | xyz:JP225 |
| Korea 200 | 796.85 | -0.08% | -0.0031% | $1.0M | xyz:KR200 |
| NIFTY 50 | 25,034.00 | +1.2% | 0.0091% | $184K | xyz:NIFTY |
| EUR/USD | 1.1155 | +0.036% | 0.00000% | $31.1M | xyz:EUR |
| USD/JPY | 158.24 | +0.063% | 0.00000% | $32.9M | xyz:JPY |
| GBP/USD | 1.3350 | -0.082% | -0.0022% | $443K | xyz:GBP |
| SpaceX (SPCX) | $134.71 | +2.4% | -0.0022% | $162.4M | xyz:SPCX |
| Anthropic (ANT) (this page) | $97.18 | -6.1% | 0.00007% | $63.7M | xyz:ANT |
| OpenAI (OAI) | 1,323.1 | -0.1% | 0.0014% | $7.4M | io:OAI |
| Oura (OURA) | $48.35 | -0.6% | 0.00001% | $791K | xyz:OURA |
No. The venue describes Anthropic as not yet listed, so there is no public share price to read. Hyperliquid's ANT perpetual is a pre-IPO market, and this page shows its latest price ($97.18, read ). That price is set by Hyperliquid traders through the venue's own pricing, and it is not a forecast of any IPO price.
trade[XYZ] describes it this way in its pre-IPO specification index: "ANT references 1 share of Anthropic, PBC Class A common stock (Nasdaq: ANT), quoted in USD. ANT is currently a pre-IPO market reflecting the anticipated share price; upon the underlying listing, it is expected to convert to a standard XYZ perpetual." It is a cash-settled perpetual derivative on the expected public equity of Anthropic.
No. The venue says pre-IPO perpetuals are not shares, not IPO allocations and not tokenized equity. A position gives no ownership, voting rights, information rights, dividends or allocation rights, and no claim against Anthropic.
The venue expects to convert it to a normal equity perpetual priced from the listed stock, typically in the first regular session after listing. It gives November 20, 2026 as the anticipated listing date, for reference only, and says the real date may differ significantly. If the listing is delayed past the grace period (up to 60 days, and no later than January 19, 2027) or does not happen as expected, the venue can settle the market under its alternative settlement rules, by default at the time-weighted average of this market from launch to settlement.
Hyperliquid lists a pre-IPO perpetual contract on Anthropic (ANT). You get leveraged price exposure with no expiry date, not shares, votes, dividends or an IPO allocation. Whether you can trade it depends on where you live, and AlphaYou shows research only in the US and Ontario.
The ANT funding rate was 0.000068% per hour (about 0.6% a year) when read on . Longs pay shorts. Funding is a payment between longs and shorts every hour, not a fee paid to Hyperliquid, and it moves as the perpetual's price drifts from the market it follows.
Open interest in the ANT perpetual was $63.7M and trading volume over the last 24 hours was $21.7M, with leverage up to 10x, read on .
No. Annualizing the current hourly rate illustrates that rate held constant for a year. Funding can change direction and magnitude. It is separate from entry and exit trading fees, and neither open interest nor trading volume tells you the cost of your own fill.
No. It reports where the perpetual traded at one moment, and it can move in either direction. This page is research, not investment advice.
Prices were read from Hyperliquid on and the page refreshes about every hour. Hyperliquid's own market page is the live source.