> ## Documentation Index
> Fetch the complete documentation index at: https://docs.openfinance.tech/llms.txt
> Use this file to discover all available pages before exploring further.

# Trade Stock and FX Perps on Hyperliquid

> Trade a stock, an index or a currency pair from the same Hyperliquid balance you use for crypto, after two quick checks that keep you in the right market.

By the end of this guide you will have found a stock, index, commodity or FX perp on Hyperliquid, checked who runs it and what collateral it uses, and opened a small position with a stop-loss.

These markets are **HIP-3 perps**: perps listed on Hyperliquid by independent deployers. Their symbols carry the deployer's prefix, for example `xyz:NVDA`. A stock perp gives price exposure only, with leverage, funding and liquidation risk; you never hold a share or a token. If you want to hold a token instead, see [Tokenized stocks and FX tokens](https://docs.openfinance.tech/guides/tokenized-stocks-and-fx.md).

![Live Transactions table on openfinance.tech with Hash, Action, Asset, Amount and User columns, listing long and short orders on assets such as xyz:AMZN, xyz:MU and xyz:DELL](https://mintcdn.com/openfinance/-pu5SodoQuhEwuR-/images/guides/live-transactions-table.png?fit=max\&auto=format\&n=-pu5SodoQuhEwuR-\&q=85\&s=fe8cc3fd96ff7aec4d5819a8e25efa7d)

Live Transactions shows HIP-3 orders landing on Hyperliquid, with the deployer prefix on each asset

## What you need

* USDC in your Hyperliquid account. See [Fund each venue](https://docs.openfinance.tech/guides/fund-each-venue.md).
* The ticker you are interested in, and a plan for size, leverage and the stop.

## Steps

**1. List the markets in a category**

```text theme={"system"}
List the HIP-3 stock perps on Hyperliquid. Show symbol, mid price, 24 hour change and volume, sorted by volume.
```

Categories are crypto, stocks, commodities, indices, fx and preipo. Swap "stock" for "FX" or "commodity" to browse the others.

**2. Check the one you want**

The same ticker can be listed by more than one deployer. Ask about the exact symbol:

```text theme={"system"}
Tell me about xyz:NVDA: the deployer prefix, maximum leverage, funding rate, open interest, 24 hour volume and which collateral token this market uses.
```

Low open interest and volume mean a thin book and more slippage. Most HIP-3 markets use USDC as collateral; a few use USDH, and the agent tells you if yours does.

**3. Get USDH only if the market needs it (moves money)**

```text theme={"system"}
Swap 50 USDC to USDH on Hyperliquid spot.
```

Skip this step for markets that use USDC.

**4. Preview the order with a stop**

```text theme={"system"}
Long 200 dollars of xyz:NVDA at 2x isolated, with a stop-loss 4% below entry. Show me the size, the price, the liquidation price and the stop before placing anything.
```

**5. Place it (moves money)**

Reply yes if the summary matches. Then verify:

```text theme={"system"}
Show my positions on every Hyperliquid dex and my open trigger orders.
```

One account summary covers the main dex and every HIP-3 dex, so the position shows with the rest.

**6. Close when you are done (moves money)**

```text theme={"system"}
Close my xyz:NVDA position at market, reduce-only, and cancel its stop-loss.
```

Every order needs your confirmation, and nothing here is financial advice. Leverage can lose your whole margin.

## Example prompts for FX and commodities

The same steps work beyond stocks. Start with prompts like these:

```text theme={"system"}
What FX perps are listed on Hyperliquid right now? Show funding and open interest.
```

```text theme={"system"}
Short 100 dollars of EUR/USD on Hyperliquid at 2x with a 1% stop. Show the order first.
```

```text theme={"system"}
Which commodity perps have the highest volume today?
```

## Check it worked

* The position appears under the right dex prefix with the size you approved.
* The stop-loss is resting as a reduce-only trigger order.

## Common mistakes

* **Mixing up deployers.** `xyz:NVDA` and another prefix's NVDA are different markets with different books and terms. Always name the full symbol.
* **Expecting a share.** A perp has no shareholder rights, dividends or delivery.
* **"Insufficient collateral" on a USDH market.** The error names the asset the market needs. Swap USDC to USDH on Hyperliquid spot, then retry.
* **Using the readable symbol in your own code.** Orders need the numeric asset index from the market metadata. See the [Hyperliquid tool](https://docs.openfinance.tech/mcp/tools-hyperliquid.md).
* **Sizing from the headline price.** Check the mid price on Hyperliquid, which can differ from the stock's last close.

## Next guides

> [card] [Perp with take-profit and stop-loss](https://docs.openfinance.tech/guides/hyperliquid-perp-with-tp-sl.md)
>
> Exits in depth.

> [card] [Live Transactions](https://docs.openfinance.tech/product/live-transactions.md)
>
> Watch large orders as they land.


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