By Keel Research Team · Updated October 15, 2026
Copper trades on Hyperliquid at weekends. The COPPER perpetual tracks the US dollar price of one pound of high-grade copper, and its live price is below. The main copper markets close from Friday evening to Sunday evening, New York time, and this market keeps trading, so it shows where traders price copper until they reopen.
Right now: COPPER at $6.62, funding 0.0006% an hour (longs pay shorts), as of Oct 16, 2026, 02:55 UTC.
As of Oct 16, 2026, 02:55 UTC, from Keel’s record of Hyperliquid market data. COPPER trades on Hyperliquid around the clock, including nights, weekends and holidays.
Venue facts read from Keel’s instrument table Oct 16, 2026, 02:02 UTC (hourly sync of Hyperliquid market metadata) · last listing change observed Oct 14, 2026, 11:00 UTC.
Copper is a core industrial metal and a widely watched gauge of manufacturing and building demand. Hyperliquid lists COPPER through HIP-3, which lets independent builders add markets to its order book. This one is run by the xyz builder and settles in USDC.
On weekdays the main copper markets trade almost around the clock, and an oracle feeds their price to COPPER. From Friday evening to Sunday evening, New York time, they are shut. COPPER keeps trading, so news that breaks at the weekend moves this price first, and the main copper markets can reopen away from Friday's close. Once they reopen, funding pulls the perp back toward their price.
Funding is paid every hour between longs and shorts. When COPPER trades above its reference price, longs pay shorts; below it, shorts pay longs. The rate for the next payment is in the live numbers above, and it adds up over a hold of several days.
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COPPER and the other HIP-3 markets aren’t supported yet. Building, backtesting and running strategies on HIP-3 markets is coming soon. Sign up, and we’ll email you when HIP-3 strategies are supported. Until then you can build and test strategies on Hyperliquid’s crypto perps, such as BTC and ETH. Start free.
The main copper markets close from Friday evening to Sunday evening, New York time. COPPER on Hyperliquid keeps trading, so the live price at the top of this page is where traders value copper while they are shut. It can differ from Friday's close.
The US dollar price of one pound of high-grade copper. It is a perpetual contract, so there is no expiry and no delivery. Longs and shorts pay each other funding every hour, which keeps the price close to the copper price.
Not yet. Keel is a strategy builder for Hyperliquid. Support for HIP-3 markets is coming soon. Sign up, and we'll email you when HIP-3 strategies are supported. Today you can build and test strategies on Hyperliquid's crypto perps.
COPPER on the xyz dex offers up to 20x leverage, read from the venue’s market metadata. This market is isolated-margin only. Margin requirements scale with position size; the live cap and margin tiers are on the Hyperliquid market page.
Funding is computed from the gap between the perpetual price and an oracle reference: when the perp trades above the oracle, longs pay shorts; below, shorts pay longs. Hyperliquid settles funding every hour, on HIP-3 markets as on its core perps, and the rate for the next payment is in the live numbers on this page. The hourly rate is small but adds up over multi-day holds.
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.
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.