Nvidia perpetual futures traded on Hyperliquid fell roughly 3.1% to 3.3% over 24 hours on November 9, 2026, while their mark prices ranged from $180.76 to $180.96. The xyz:NVDA market recorded more than $130 million in trading volume and up to $133 million in open interest. Funding rates recently hovered around 0.00063% but also experienced negative spikes, indicating increased pressure on long positions. These contracts, launched by trade.xyz on Hyperliquid’s HIP-3 infrastructure, are settled in USDC and offer leverage of up to 20x, compared with 25x for the io:NVDA market.
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