S perpetual$0.048803▼ −3.45%(−$0.0017)
Trade S
↑ Long S↓ Short SRecent S trades
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If you put in $100...
Practiceat 5× leverage$500 of S
1×5× max
If S ↑ 10%
+$50
If S ↓ 10%
−$50
Liquidated at −20%
Leverage cuts both ways. Real liquidations can fire before the thresholds shown here if maintenance margin is breached, so treat these as ballpark estimates rather than guarantees.
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About
S is the nineteenth letter of the Latin alphabet, used in the English alphabet, the alphabets of other western European languages and other latin alphabets worldwide. Its name in English is ess, plural esses.
Worth knowing
Leverage cuts both ways.
- You can be liquidated in a single move if your losses exceed your collateral.
- Funding fees apply every hour, charged by whichever side is more crowded.
- You don't own S or any underlying claim — no dividends, no voting rights.
Speaking the language
Hover any term for a one-line explanation.
perpetual ?leverage ?liquidated ?funding rate ?mark price ?long ?short ?collateral ?slippage ?
Frequently asked questions
How do I trade S on Hyperliquid?
Click the Long or Short button on this page. You'll be taken to the Hyperliquid trade form for S perpetual where you can size the position, set leverage, and place the order. Settlement is in USDC, on-chain.
What is a S perpetual future?
A S perpetual is a contract whose price tracks the underlying S asset. It has no expiration date. You post margin in USDC and your profit or loss is the price difference between entry and exit, settled in USDC. The funding-rate mechanism keeps the perpetual price aligned with the underlying.
Do I own the underlying asset?
No. Trading a perpetual gives you exposure to the price; you don't own the underlying. You don't receive dividends, voting rights, or any claim on the asset. The position is purely a price bet settled in USDC.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend. You sign transactions from your own wallet.