Pre-IPO perpetuals on Hyperliquid
Pre-IPO perpetuals follow the valuation of companies that are not listed yet, such as OpenAI, Anthropic and Shein, and settle in USDC. You trade them on Hyperliquid, long or short, from a Telegram chat with @stratidex_bot. You never own a share: no dividend, no voting right, no delivery.
| Market | Price | 24h | 24h volume | Max leverage | Market fee |
|---|---|---|---|---|---|
| AnthropicANTH | 1,880.50 | −1.0 % | 22.9 M$ | 12× | 0.9 bp |
| PRL | 1.87 | −2.8 % | 1.6 M$ | 3× | 0.9 bp |
| OpenAIOAI | 1,435.00 | +1.0 % | 1.3 M$ | 6× | 0.9 bp |
| SheinSHEIN | 4.76 | −1.0 % | 638 k$ | 10× | 0.9 bp |
| OURA | 48.59 | −0.7 % | 81.3 k$ | 5× | 0.9 bp |
| TCNT | 49.26 | −0.6 % | 75.3 k$ | 10× | 0.9 bp |
| XIAOMI | 3.41 | +0.2 % | 36.3 k$ | 10× | 0.9 bp |
What these markets are, and what they are not
These are HIP-3 markets: a third-party dex deploys the contract on Hyperliquid, and its price follows an estimated valuation of a company that is not listed. OpenAI, Anthropic and Shein have no public share price, so the reference is a valuation estimate, not an exchange price, and it can differ from a figure you read elsewhere. What you hold is a derivative settled in USDC, not equity: no share, no dividend, no vote, no claim on the company. These order books are thinner than BTC or ETH and move harder, so the same order costs more in spread and slippage. Each deployer adds its own share of the protocol fee: 149 of the 150+ HIP-3 markets add 100 %, and the table above shows every market’s fee.
How to trade them in three taps
In @stratidex_bot, pick the company, the direction and the amount: three taps. The ticket shows the entry price, your stake and an estimate of the liquidation price (≈) before you confirm. The account is created in your name on Hyperliquid and its private key can be exported at any time; you fund it with USDC on Arbitrum, from $13.00, and the minimum order is $11.00. Each market sets its maximum leverage, shown in the table above; the margin is cross when the market allows it, isolated when it requires it. Once the position is open, set a stop loss or a take profit from the result screen or the position screen: Hyperliquid holds these orders itself. A trailing stop keeps the share of your net gain you choose — 75, 50 or 25 %, or any whole number from 5 to 95 — and never moves back, and the bot alerts you when a position gets close to liquidation. The market fee of each market is in the table above, and our commission is stated in the bot before your first order.
Pre-IPO perpetuals trade on Hyperliquid around the clock, weekends included. With no stock exchange behind them, their reference is an estimated valuation: a thin book or a piece of news can move the price abruptly.
Frequently asked questions
Am I buying a share of OpenAI or Anthropic?
No. You trade a perpetual contract settled in USDC whose price tracks an estimated valuation of the company. No share, no dividend, no voting right, no delivery, no claim on the company.
What does one trade cost?
Our commission on each executed order, plus the market fee shown for each market in the table above, plus the spread, which is wider here than on BTC. Our commission is stated in the bot before your first order.
Can I set a stop loss?
Yes. Once the position is open, set a stop loss or a take profit from the result screen or the position screen: Hyperliquid holds these orders itself. A trailing stop keeps the share of your net gain you choose — 75, 50 or 25 %, or any whole number from 5 to 95 — and never moves back. A stop triggers a market order: on a thin book it can fill at a worse price than the level you chose.
How do I fund the account?
With USDC on Arbitrum. In the bot, Menu → 👛 My funds → 📥 Deposit gives your address; while the account is empty, the Menu offers 📋 Copy my address directly. The account is in your name and its private key can be exported at any time.