Hyperbeat Trade is more than a crypto perps venue. From the same screen and the same balance, you can trade crypto perpetuals, buy and sell spot assets, and take positions on markets tracking stocks, ETFs, commodities, currencies, and indices. This guide explains the market types and how to find your way around them.
Perpetual markets
Perps are the flagship product: leveraged contracts on the price of an asset, with no expiry, settled in USDC. You can go long or short, choose your leverage up to each market's maximum, and manage the position with take profit, stop loss, and everything else covered in our other guides.
If perps are new to you, start with our beginner's guide to perpetual futures before trading them.
Spot markets
Spot is the simple one: you buy the actual token and it lands in your balance. No leverage, no funding rate, no liquidation price. Sell it whenever you like.
A few things to know about spot on Hyperbeat Trade:
- The order form shows plain Buy and Sell buttons instead of Long and Short.
- The stats strip shows Market Cap rather than perp metrics like open interest and funding.
- Your spot holdings appear in the Balances tab, and thanks to the unified account they also count toward the collateral backing your perp positions.
Spot suits assets you want to genuinely own and hold. Perps suit directional trades and anything you want leverage or short exposure on.
Beyond crypto: stocks, ETFs, commodities, FX, and indices
The market selector has category tabs that reveal the full range: Crypto, Stocks, ETF, Commodities, FX, and Indices. These markets track things like major tech stocks, index products, gold, and currency pairs, all tradable with the same USDC collateral and the same interface, around the clock.
These markets are built on Hyperliquid's builder-deployed market standard, which lets specialized teams launch and operate markets beyond native crypto perps. On Hyperbeat Trade you will notice a few differences:
- A deployer badge appears next to the market name, showing who operates the market.
- A Details link near the badge explains how that market tracks its underlying and any special rules, with a Learn more link to the market's own documentation.
- Many of these markets are isolated margin only, so the margin mode is locked to Isolated. This contains risk per position on newer markets.
- Liquidity can be thinner than on major crypto perps. Check the order book and the volume column before sizing up, and consider limit orders over market orders.
Keep in mind that these are derivative markets tracking their underlying assets. You are trading price exposure, not owning shares in a company.
Finding markets
Open the market selector by clicking the market name or pressing Ctrl+K (Cmd+K on Mac):
- Tabs split the universe into Favorites, All, Perps, and Spot.
- Category tabs narrow the list to Crypto, Stocks, ETF, Commodities, FX, or Indices.
- Search matches names and symbols as you type.
- Columns show Last Price, 24H Change, an 8H Funding column, Volume, and Open Interest, all sortable. Sorting by volume is a quick way to find the most liquid markets; sorting by 24 hour change surfaces the day's big movers.
To keep the list clean, the selector only shows markets above a minimum daily volume, and any category with no live markets is hidden automatically. So the exact set of tabs and rows you see can change as markets come and go.
Star anything you trade regularly. Favorites get their own tab and a quick-access bar above the chart.
You can also navigate directly by URL, for example /trade/BTC for the BTC perp or /trade/HYPE/USDC for a spot pair, which makes markets easy to share.
A note on prediction markets
Hyperbeat also runs prediction markets, where you trade Yes or No on real-world questions rather than the price of an asset. They live on a separate page at /predict, not in the Trade market selector. Our prediction markets guide covers how they work.
Choosing where to start
For most new traders, a sensible progression:
- Start with spot on a major asset to learn the interface with zero liquidation risk.
- Move to a major crypto perp at low leverage, where liquidity is deepest and spreads are tightest.
- Explore the stock, ETF, FX, and commodity markets once you are comfortable with margin, funding, and the mechanics of leveraged positions.
Keep learning
Nothing in this article is financial advice.
