What is Axie Infinity?
Axie Infinity is a blockchain game in which players collect, breed and battle creatures called Axies. It runs on Ronin, a blockchain built by its developer Sky Mavis. AXS is the game's governance token, is staked for rewards, and is used for in-game fees such as breeding.
The AXS perpetual tracks the price of Axie Infinity, 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
AXS, main exchange- Tracks
- The price of Axie Infinity
- Settlement
- USDC, no expiry
- Leverage
- 5× at any size
- Margin
- Cross or isolated
- Size step
- 0.1 AXS
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a AXS 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 0.86515, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.84785
- Size
- 534.4 AXS ($462.45)
- Loss at the stop, fees included
- $10.00
- Leverage
- 5× cross, $92.49 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 AXS
What is the maximum leverage on AXS?
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 AXS?
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 AXS 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 AXS when I trade this market?
No. A perpetual tracks the price of Axie Infinity and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
