What is OpenAI?
OpenAI is an AI company that develops the GPT family of language models and the ChatGPT assistant, along with image and video models and tools for developers. It is based in San Francisco. Its shares are not publicly listed, so this market refers to the value of a private company.
The io:OAI perpetual tracks a price for OpenAI, 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 6× leverage, around the clock.
Contract details
- Market
io:OAIon EntropyIO (builder exchange)- Tracks
- A price for OpenAI, a private company
- Settlement
- USDC, no expiry
- Leverage
- 6× at any size
- Margin
- Isolated only
- Size step
- 0.001 OAI
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a OAI 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 1,407.7, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 1,379.5
- Size
- 0.346 OAI ($486.98)
- Loss at the stop, fees included
- $9.98
- Leverage
- 6× isolated, $81.16 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 OAI
What is the maximum leverage on OAI?
6×. 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 OAI?
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 OAI 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 OpenAI 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 OpenAI when I trade this market?
No. A perpetual tracks a price for OpenAI, 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.
