What is Anthropic?
Anthropic is an AI company that develops the Claude family of AI models, used by people and businesses for writing, coding and analysis. Its shares are not yet publicly listed. The venue describes this as a pre-IPO market that references Anthropic Class A stock, expected to list on Nasdaq, and plans to convert it to a standard market after the listing.
The xyz:ANT perpetual tracks a price for Anthropic, a private company, settles in USDC and never expires. It is listed on XYZ, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 10× leverage, around the clock.
Contract details
- Market
xyz:ANTon XYZ (builder exchange)- Tracks
- A price for Anthropic, a private company
- Settlement
- USDC, no expiry
- Leverage
- 10× at any size
- Margin
- Cross or isolated
- Size step
- 0.01 ANT
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a ANT 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 112.03, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 109.79
- Size
- 4.28 ANT ($479.57)
- Loss at the stop, fees included
- $10.00
- Leverage
- 10× cross, $47.96 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 ANT
What is the maximum leverage on ANT?
10×. 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 ANT?
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 ANT on Hypurr Desk?
At the exchange's base tier, 0.034% of the position value for market orders and 0.028% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Can I trade Anthropic when its home market is closed?
Yes. The perpetual trades around the clock, every day, including weekends and holidays. Prices can jump when the main market reopens, so a stop may fill away from its price.
Do I own Anthropic when I trade this market?
No. A perpetual tracks a price for Anthropic, a private company and settles gains and losses in USDC. You never hold any shares, and positions can be closed out if losses use up their margin.
