LoadingLoadingLoadingThe Hyperliquid Strategies Inc. (PURRDAT) perpetual on Hyperliquid trades at $8.84, 1.4% higher than 24 hours ago, as of . Hyperliquid trades it as a perpetual contract, so a position is a price bet with leverage, not shares of the company.
Shorts pay longs
The venue reads a US-listed stock's price across four sessions: pre-market 4:00 to 9:30 AM ET, regular hours 9:30 AM to 4:00 PM, post-market 4:00 to 8:00 PM and overnight 8:05 PM to 4:00 AM, from Sunday 8:05 PM to Friday 8:00 PM ET. The Hyperliquid perpetual does not stop at the close.
Schedule and pricing rules from trade[XYZ]'s documentation, read 2026-11-03. The venue can change them. Sources: US stock pricing, How the oracle price works, Holiday closures, Contract specifications.
Read 2026-11-09 16:34 UTC from Hyperliquid (market xyz:PURRDAT).
The venue reads the stock's price from Sunday 8:05 PM to Friday 8:00 PM ET, including pre-market, post-market and overnight sessions. From Friday 8:00 PM to Sunday 8:05 PM ET Hyperliquid traders set the perpetual's price.
trade[XYZ]'s specification index, read 2026-11-03, says: "PURRDAT references 1 share of Hyperliquid Strategies Inc. common stock (Nasdaq: PURR), quoted in USD. Hyperliquid Strategies is a digital-asset treasury company focused on HYPE, Hyperliquid's native token."
Hyperliquid lists a perpetual contract on Hyperliquid Strategies Inc. (PURRDAT). It follows the price, so you get leveraged price exposure, not shares, votes or dividends. Whether you can trade it depends on where you live, and AlphaYou shows research only in the US and Ontario.
The PURRDAT funding rate was -0.000067% per hour (about -0.6% a year) when read on . Shorts pay longs. 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 PURRDAT perpetual was $23.0M and trading volume over the last 24 hours was $5.3M, with leverage up to 10x, read on .
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.