What is Oura?
Oura makes the Oura Ring, a smart ring that tracks sleep, activity, stress and heart-health signals, and sells a membership that turns this data into health insights. The venue describes the market as pre-IPO: it reflects the expected price of Oura common stock ahead of a planned Nasdaq listing under OURA and is set to convert to a standard market after the IPO.
The xyz:OURA perpetual tracks a price for Oura, a private company, 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 5× leverage, around the clock.
Contract details
- Market
xyz:OURAon XYZ (builder exchange)- Tracks
- A price for Oura, a private company
- Settlement
- USDC, no expiry
- Leverage
- 5× at any size
- Margin
- Isolated only
- Size step
- 0.1 OURA
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a OURA 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 48.650, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 47.677
- Size
- 11.2 OURA ($543.56)
- Loss at the stop, fees included
- $9.94
- Leverage
- 5× isolated, $108.71 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 OURA
What is the maximum leverage on OURA?
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 OURA?
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 OURA 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 Oura 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 Oura when I trade this market?
No. A perpetual tracks a price for Oura, 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.
