By Keel Research Team · Updated May 9, 2026
Trade Microsoft (MSFT) as a perpetual contract on Hyperliquid — 24/7, on-chain, up to 10x leverage.
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. Deployed by TradeXYZ as a HIP-3 market, settled in USDC, max leverage 10x. 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. Lower max leverage than NVDA/TSLA reflects MSFT’s more stable price behavior, which translates to lower margin volatility on the HL side.
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest a strategy that trades MSFT 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 10x | 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.
TradeXYZ sets leverage caps per symbol based on liquidity and historical volatility. MSFT’s lower realized volatility allows for tighter risk parameters, which manifests as a lower maximum leverage on this specific perp.
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.
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.
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.
Trade Nvidia (NVDA) as a perpetual contract on Hyperliquid — 24/7, on-chain, up to 20x leverage.
Trade Tesla (TSLA) as a perpetual contract on Hyperliquid — TradeXYZ (USDC) or Felix (USDH).
Trade the S&P 500 as a perpetual on Hyperliquid — the first officially licensed 24/7 S&P 500 perpetual.