By Keel Research Team · Updated May 9, 2026
Trade Alphabet (GOOGL) as a perpetual contract on Hyperliquid — 24/7, on-chain, up to 20x leverage.
GOOGL perpetual on Hyperliquid (xyz:GOOGL) tracks Alphabet Class A common stock via oracle during US market hours and floats on the Hyperliquid order book the rest of the time. Deployed by TradeXYZ as a HIP-3 market; settled in USDC; max leverage 20x. GOOGL has one of the highest OI caps among TradeXYZ equity perps ($100M tier), reflecting expected liquidity demand on the Alphabet name. Funding rebalances hourly. GOOGL pairs naturally with the rest of the mega-cap tech complex (AAPL, MSFT, META, AMZN) for relative-value setups, or as a single-name directional position for traders running event-driven strategies around earnings / antitrust headlines.
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest a strategy that trades GOOGL 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.
GOOGL is the Class A share (voting); GOOG is Class C (non-voting). Both are economically similar but trade independently. TradeXYZ chose GOOGL as the perp reference; the oracle reads the Class A price.
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 GOOGL via TradeXYZ. Margin scales with position size; large positions can fall into deeper margin tiers.
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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