What is Meta?
Meta Platforms owns Facebook, Instagram, WhatsApp and Messenger, and earns most of its money from advertising on these apps. It also develops AI models and virtual and augmented reality hardware through its Reality Labs unit. Its Class A shares trade on the Nasdaq as META, and one contract references one share.
The xyz:META perpetual tracks the share price of Meta, 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 20× leverage, around the clock.
Contract details
- Market
xyz:METAon XYZ (builder exchange)- Tracks
- The share price of Meta
- Settlement
- USDC, no expiry
- Leverage
- 20× at any size
- Margin
- Cross or isolated
- Size step
- 0.001 META
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a META 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 613.58, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 601.31
- Size
- 0.788 META ($483.50)
- Loss at the stop, fees included
- $9.99
- Leverage
- 18× cross, $26.86 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 META
What is the maximum leverage on META?
20×. 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 META?
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 META 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 Meta 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 Meta when I trade this market?
No. A perpetual tracks the share price of Meta and settles gains and losses in USDC. You never hold any shares, and positions can be closed out if losses use up their margin.
