What is Gold?
Gold is a precious metal held as a store of value by investors and central banks and used in jewelry and electronics. This market follows the spot price of one troy ounce of gold in US dollars (XAU/USD). Its price tends to respond to interest rates, the strength of the dollar, central bank buying and investor demand for safety.
The xyz:GOLD perpetual tracks the price of Gold, 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 25× leverage, around the clock.
Contract details
- Market
xyz:GOLDon XYZ (builder exchange)- Tracks
- The price of Gold
- Settlement
- USDC, no expiry
- Leverage
- 25× at any size
- Margin
- Cross or isolated
- Size step
- 0.0001 GOLD
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.115% market, 0.055% limit
- Trading hours
- Around the clock, every day
Size a GOLD 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 3,886.2, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 3,808.5
- Size
- 0.1157 GOLD ($449.62)
- Loss at the stop, fees included
- $10.00
- Leverage
- 20× cross, $22.48 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 GOLD
What is the maximum leverage on GOLD?
25×. 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 GOLD?
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 GOLD on Hypurr Desk?
At the exchange's base tier, 0.115% of the position value for market orders and 0.055% 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 Gold 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 Gold when I trade this market?
No. A perpetual tracks the price of Gold and settles gains and losses in USDC. You never hold the underlying asset, and positions can be closed out if losses use up their margin.
