By Keel Research Team · Updated May 9, 2026
Trade Amazon (AMZN) as a perpetual contract on Hyperliquid — 24/7, on-chain, up to 20x leverage.
AMZN perpetual on Hyperliquid (xyz:AMZN) tracks Amazon common stock via oracle during US trading hours and floats on the HL order book overnight, weekends, and US holidays. Deployed by TradeXYZ; settled in USDC; max leverage 20x; hourly funding. AMZN has a $100M OI cap (high tier on TradeXYZ), reflecting its size as a single-name liquidity target. Traders use AMZN perp for 24/7 directional exposure to Amazon, hedging spot positions, or paired trades against the mega-cap tech complex (especially META and GOOGL during ads-revenue cycles). AWS results, earnings, and Prime Day events tend to drive concentrated flow into the perp during after-hours sessions.
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest a strategy that trades AMZN against funding, momentum, or rotation signals, optimize parameters across thousands of variants, then deploy live with funding-aware execution and full risk controls.
Free to start — connect a Hyperliquid wallet when you’re ready to go live.
| Venue | Product | Hours | Leverage | Custody |
|---|---|---|---|---|
| Hyperliquid (TradeXYZ) | Perpetual (USDC) | 24/7 | Up to 20x | Self-custody |
| Robinhood / brokerage | Spot stock | US market hours | Margin (limited) | Custodial |
| CFD broker | CFD | Extended hours | Varies | Custodial |
Comparison shown for orientation. Not legal, tax, or investment advice. Confirm current product terms with each venue directly. See Hyperliquid vs Robinhood for a deeper side-by-side breakdown.
Amazon reports after the close; the perp tends to absorb the post-earnings move overnight while the spot market is closed. Funding rates often spike sharply during these windows as traders position around the print. The next-morning open frequently sees the perp converge fast as the oracle picks up the new cash open.
Funding is computed hourly from the gap between perpetual price and an oracle reference. When the perp trades above the oracle, longs pay shorts; below, shorts pay longs. The rate is small per hour (typically ±0.01% range) but compounds over a 24-hour period. The exact mechanics match Hyperliquid’s standard perpetual funding model.
Hyperliquid perpetuals trade 24/7. Off-hours (overnight, weekends, holidays), the perp may diverge from the underlying spot price since traditional markets are closed and price discovery happens here. Funding pulls the perp back toward the oracle over time.
Up to 20x leverage on AMZN via TradeXYZ. Margin requirements scale with position size per HL standard tiering.
Yes. You connect a wallet (e.g. via Hyperliquid’s native UI or a builder app); keys never leave your control. Hyperliquid is a non-custodial exchange.
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