What is Seagate?
Seagate makes hard-disk drives and mass-capacity storage systems. Most of its drives go to cloud providers and data centers that need to store large amounts of data at low cost. The company is incorporated in Ireland, and its shares trade on Nasdaq under the ticker STX.
The para:STX perpetual tracks the share price of Seagate, settles in USDC and never expires. It is listed on Paragon, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 10× leverage, around the clock.
Contract details
- Market
para:STXon Paragon (builder exchange)- Tracks
- The share price of Seagate
- Settlement
- USDC, no expiry
- Leverage
- 10× at any size
- Margin
- Isolated only
- Size step
- 0.001 STX
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a STX 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 649.68, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 636.69
- Size
- 0.744 STX ($483.36)
- Loss at the stop, fees included
- $9.99
- Leverage
- 10× isolated, $48.34 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 STX
What is the maximum leverage on STX?
10×. 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 STX?
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 STX 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 Seagate 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 Seagate when I trade this market?
No. A perpetual tracks the share price of Seagate and settles gains and losses in USDC. You never hold any shares, and positions can be closed out if losses use up their margin.
