What is Nasdaq 100 index?
The Nasdaq-100 tracks 100 of the largest non-financial companies listed on the Nasdaq Stock Market. It uses a modified market-capitalization weighting, so bigger companies count for more, with caps that limit any single stock's share. Nasdaq publishes the index, and it is heavily tilted toward technology and growth companies.
The xyz:XYZ100 perpetual tracks the price of Nasdaq 100 index, 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 30× leverage, around the clock.
Contract details
- Market
xyz:XYZ100on XYZ (builder exchange)- Tracks
- The price of Nasdaq 100 index
- Settlement
- USDC, no expiry
- Leverage
- 30× at any size
- Margin
- Cross or isolated
- Size step
- 0.0001 XYZ100
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a XYZ100 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 28,455, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 27,886
- Size
- 0.0169 XYZ100 ($480.90)
- Loss at the stop, fees included
- $9.95
- Leverage
- 21× cross, $22.90 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 XYZ100
What is the maximum leverage on XYZ100?
30×. 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 XYZ100?
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 XYZ100 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 Nasdaq 100 index 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 Nasdaq 100 index when I trade this market?
No. A perpetual tracks the price of Nasdaq 100 index and settles gains and losses in USDC. You never hold the underlying asset, and positions can be closed out if losses use up their margin.
