By Keel Research Team · Updated October 2, 2026
Trade Microsoft (MSFT) as a perpetual contract on Hyperliquid — 24/7, on-chain, self-custodial.
Venue facts read from Keel’s instrument table Oct 2, 2026, 22:40 UTC (hourly sync of Hyperliquid market metadata) · last listing change observed Oct 2, 2026, 22:00 UTC.
The MSFT perpetual on Hyperliquid (xyz:MSFT) tracks Microsoft common stock via oracle during US market hours and floats on-book the rest of the time. It is a HIP-3 builder-deployed market. Microsoft’s liquidity profile in traditional equity markets gives the perp tight oracle spreads during regular hours; off-hours, the HL order book takes over price discovery with funding pulling toward the reference as needed. MSFT is a staple of mega-cap tech exposure — traders use the perp for around-the-clock direction, paired trades against other software/cloud names, or hedging spot positions.
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest a strategy that trades MSFT against funding, momentum, or rotation signals, change a parameter and re-run it, 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 (xyz dex) | 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.
The HIP-3 builder sets the cap per market from liquidity and realized volatility, and can change it. The current cap is read from the venue and shown above; it is not the same for every single-stock perp.
Yes — pair a long MSFT perp with a short underlying (or vice versa) to capture funding-rate carry. Funding direction varies; persistent positive funding favors short-perp + long-spot setups.
MSFT on the xyz dex offers up to 20x leverage, read from the venue’s market metadata. The market can be held cross or isolated. 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. Core Hyperliquid perps settle funding hourly; a HIP-3 builder sets the schedule for its own markets, so confirm the cadence on the market page. The per-period rate is small but compounds 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.
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