By Keel Research Team · Updated October 15, 2026
NET on Hyperliquid is a perpetual contract that tracks the value of one share of Cloudflare. Its live price, funding rate and open interest are below. It trades 24/7, so the price keeps moving after the US stock market closes for the day, at weekends and on holidays.
Live numbers for NET are unavailable right now. The current price, open interest and funding are on the Hyperliquid market page.
Venue facts: last-known snapshot as of Oct 15, 2026, 01:48 UTC. The live read was unavailable; confirm on Hyperliquid before trading.
Cloudflare provides cloud networking, cybersecurity, content delivery and developer infrastructure. Hyperliquid lists NET through HIP-3, which lets independent builders add markets to its order book. This one is run by the para builder and settles in USDC.
While the US stock market is open, an oracle feeds the Cloudflare price to NET, and funding pulls the perp toward it. After the close, at weekends and on holidays, trading on Hyperliquid sets the price. News that lands overnight can move NET hours before the US stock market reopens, so the price can open away from the last close. When it reopens, the oracle picks up the new price and funding pulls the perp back toward it.
Funding is paid every hour between longs and shorts. When NET 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.
Keel is a strategy builder for Hyperliquid. Describe an idea, backtest it with fees, slippage and funding, and run it live.
NET 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.
| Venue | Product | Hours | Leverage | Custody |
|---|---|---|---|---|
| Hyperliquid (para dex) | Perpetual (USDC) | 24/7 | Up to 10x (isolated only) | 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 live mark price is at the top of this page, with the minute it was recorded. NET trades 24/7, so when the US stock market is closed it can move away from the last close.
No. It is a perpetual contract that tracks the value of one share of Cloudflare. You get price exposure with leverage and pay or receive funding, but you don't own the shares, receive dividends or vote.
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.
NET on the para dex offers up to 10x 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.
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