What is Anthropic?
Anthropic is an AI company that develops the Claude family of AI models, used by people and businesses for coding, research, analysis and other knowledge work. Its shares are not publicly listed. According to the venue, this market tracks the value of one Anthropic share ahead of any public listing.
The io:ANTH perpetual tracks a price for Anthropic, a private company, settles in USDC and never expires. It is listed on EntropyIO, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 15× leverage, around the clock.
Contract details
- Market
io:ANTHon EntropyIO (builder exchange)- Tracks
- A price for Anthropic, a private company
- Settlement
- USDC, no expiry
- Leverage
- 15× at any size
- Margin
- Isolated only
- Size step
- 0.001 ANTH
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Where ANTH trades
Anthropic is listed on 2 exchanges. They are separate contracts with their own prices, funding and balances, so the desk shows the exchange next to the ticker.
Size a ANTH 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 1,790.3, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 1,754.5
- Size
- 0.263 ANTH ($471.11)
- Loss at the stop, fees included
- $10.00
- Leverage
- 15× isolated, $31.41 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 ANTH
What is the maximum leverage on ANTH?
15× on EntropyIO and 10× on Paragon. 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 ANTH?
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 ANTH 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.
