Biotech & Pharma Stock Perpetuals
Trade Moderna, BioNTech, Gilead, Amgen, Pfizer, Merck, AbbVie, and J&J 24/7.
Biotech and large-cap pharma stocks live and die on regulatory readouts: FDA approvals, Phase 3 trial data, label expansions. These events can break at any hour. The 24/7 perpetual market is the natural venue when an after-hours headline moves the underlying 30%.
All biotech perpetuals on Hyperliquid
How biotech perpetuals work
When you open a perpetual position you don't take delivery of the underlying asset. You're posting margin against a contract whose price tracks the underlying. Profits and losses are settled in USDC on Hyperliquid as the price moves.
Hyperliquid runs a fully on-chain order book with sub-second matching. Every trade, fill, and funding payment is verifiable on the Hyperliquid L1 chain. There are no off-chain matching engines, no withdrawal queues, and no custodian holding your funds.
Liquidiction routes orders through Hyperliquid as a builder code, which means you sign trades from your own wallet and Hyperliquid charges a small builder fee on close. Funding is paid hourly. Liquidations occur if your margin falls below the maintenance threshold.