What is Tellor?
Tellor is a decentralized oracle network that supplies outside data, such as prices, to smart contracts. Data reporters stake TRB to submit values, and others can dispute bad data by staking as well. TRB is also used to pay reporters for requested data and for governance.
The TRB perpetual tracks the price of Tellor, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 3× leverage, around the clock.
Contract details
- Market
TRB, main exchange- Tracks
- The price of Tellor
- Settlement
- USDC, no expiry
- Leverage
- 3× at any size
- Margin
- Cross or isolated
- Size step
- 0.01 TRB
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a TRB 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 16.519, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 16.189
- Size
- 28.46 TRB ($470.07)
- Loss at the stop, fees included
- $10.00
- Leverage
- 3× cross, $156.69 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 TRB
What is the maximum leverage on TRB?
3×. 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 TRB?
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 TRB on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own TRB when I trade this market?
No. A perpetual tracks the price of Tellor and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
