What is Algorand?
Algorand is a layer-1 blockchain founded by MIT professor Silvio Micali. It uses a pure proof-of-stake design in which block producers are chosen at random from token holders, which gives transactions fast finality. ALGO pays network fees, is staked to secure the chain, and is used in the community governance program.
The ALGO perpetual tracks the price of Algorand, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 5× leverage, around the clock.
Contract details
- Market
ALGO, main exchange- Tracks
- The price of Algorand
- Settlement
- USDC, no expiry
- Leverage
- 5× at any size
- Margin
- Cross or isolated
- Size step
- 1 ALGO
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a ALGO trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 0.095353, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.093446
- Size
- 4908 ALGO ($467.98)
- Loss at the stop, fees included
- $10.00
- Leverage
- 5× cross, $93.60 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about ALGO
What is the maximum leverage on ALGO?
5×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on ALGO?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade ALGO on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own ALGO when I trade this market?
No. A perpetual tracks the price of Algorand and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
