Trade Google on Hyperliquid

trade.xyz's xyz:GOOGL perp, explained: what one contract tracks, when its price feed runs, and what it costs.

Updated Fact-checked November 4, 2026 Data as of 2026-11-04 10:16 UTC 10 sources
Short answer

Yes, as a perpetual, not as shares. trade.xyz's xyz:GOOGL references 1 share of Alphabet Inc. Class A common stock (Nasdaq: GOOGL), quoted in USD and settled in USDC; it trades 24/7 on Hyperliquid, with an external price 24/5 and internal pricing on weekends. In the 24 hours to 2026-11-04 10:16 UTC, xyz:GOOGL traded $98.2M with $281M open interest at a mark of $282.64 (Hyperliquid API).

Live market data

xyz:GOOGL HIP-3 · run by trade.xyz
Live
Mark price
$282.64
24h change
+1.11%
24h volume
$98.2M
Open interest
$281M
Funding (1h)
+0.0017%
Funding (annualized)
+15.1%
Max leverage
20x
Taker / maker fee
0.009% / 0.003%

Growth mode on (deployer fee scale 1): fees are 0.2x core perp rates. Fees are tier 0 before staking or referral discounts.

Hyperliquid API snapshot, 2026-11-04 10:16 UTC. Positive funding means longs pay shorts; it is charged every hour, and the annualized figure is the current hourly rate × 8,760 (it changes every hour). Open interest is in USD at the mark price.

What xyz:GOOGL tracks

xyz:GOOGL is a HIP-3 perpetual deployed by trade.xyz that references 1 share of Alphabet Inc. Class A common stock (Nasdaq: GOOGL), quoted in US dollars. It is a linear contract margined and settled in USDC: you gain or lose the dollar move times your size, paid in USDC. You don’t own Alphabet (Google) shares, can’t vote them and don’t receive dividends.

Hyperliquid’s matching engine (HyperCore) runs the order book, margin and liquidations; trade.xyz supplies the price feed and parameters. Per trade.xyz’s spec the market uses cross margin and has a weekend discovery bound of ±5% per band with 2 re-anchors per direction. Maximum leverage is set by the deployer and shown live above.

Hours: 24/5 external price, 24/7 trading

xyz:GOOGL trades every hour of the week, but the price it follows doesn’t. trade.xyz’s relayer takes an external price 24/5, from Sunday 8:05 PM to Friday 8:00 PM ET, stitching together pre-market (4:00–9:30 AM), the regular session, after-hours (to 8:00 PM) and the overnight session on Blue Ocean ATS (8:05 PM–4:00 AM). From Friday 8:00 PM to Sunday 8:05 PM ET, and on US equity holidays, the oracle switches to internal pricing: a 30-minute moving average that follows Hyperliquid’s own order book, held inside discovery bounds. When the external feed returns, the price snaps back to it, so weekend positions can gap at the open. Earnings and other big news that lands on a weekend gets priced here first.

Which Alphabet share class

Alphabet has two listed classes: GOOGL (Class A, with votes) and GOOG (Class C, without). The Hyperliquid perp references Class A, GOOGL. The two classes usually trade within a fraction of a percent of each other, so for price exposure it rarely matters, but the contract is specific.

Open interest vs volume

On our November 4, 2026 snapshot, Alphabet’s perp carried more open interest than a full day’s volume (about 2.7x), which suggests positions held for days or weeks rather than intraday flipping. That matters for you mainly through funding: in a crowded long, the hourly rate can stay positive for a long time. Check the annualized funding on the live card before holding.

Contract specs

xyz:GOOGL · trade.xyz

Tracks1 share of Alphabet Inc. Class A common stock (Nasdaq: GOOGL).
Price sourceExternally derived fair price from trade.xyz’s relayer, which aggregates venues and data providers; updated about every 3 seconds.
External hoursExternal price 24/5: Sunday 8:05 PM to Friday 8:00 PM ET (pre-market, regular session, after-hours and the Blue Ocean ATS overnight session).
Outside those hoursFriday 8:00 PM to Sunday 8:05 PM ET and US equity holidays: the market keeps trading and the oracle switches to trade.xyz’s internal pricing (a 30-minute moving average driven by the order book), limited by discovery bounds.
Max leverage20x (live from the API)
Margin modeCross or isolated (your choice); live from the API
Price limits±5% per band, 2 re-anchors per direction
SettlementCash-settled in USDC; no shares, coins or barrels change hands.
Spec sourcetrade.xyz Specification Index (reviewed November 4, 2026)

How to trade it

  1. Check you're allowed to. Hyperliquid's terms restrict the United States, Ontario and other places, and trade.xyz's terms bar US persons. If you're in a restricted place, stop here.
  2. Set up a Hyperliquid account with a fee discount. Connect a wallet at app.hyperliquid.xyz and set a referral code before your first trade: our code gives 4% off fees on your first $25M of volume. Full walkthrough: how to start trading on Hyperliquid.
  3. Deposit USDC. Every market here is margined and settled in USDC. See how to deposit USDC to Hyperliquid.
  4. Open the market. Use trade.xyz (its link applies the same Hyperliquid referral) or the official Hyperliquid app, which lists HIP-3 markets alongside core perps. Search for xyz:GOOGL. Each HIP-3 dex keeps its own margin, separate from core perps, so the app may ask you to move USDC into that dex first.
  5. Choose margin mode and leverage. Some HIP-3 markets are isolated-only (the margin mode row above says which). Leverage is a ceiling, not a target: at 10x, a 10% move against you wipes out your margin, and liquidation comes earlier than that.
  6. Place a small first order and set a stop. Limit orders pay the lower maker fee. Watch the funding rate: you pay or receive it every hour you hold the position.

Risks

  • It's a perp, not the asset. You get cash-settled price exposure in USDC. No share ownership, votes or dividends, and the price you trade can drift from the underlying, especially when its home market is closed.
  • The deployer runs the oracle. trade.xyz publishes the price that drives funding and liquidations, sets leverage limits and can halt and settle a market. Each HIP-3 deployer stakes 500,000 HYPE that validators can vote to slash if the deployer's actions harm the protocol, which is an incentive, not insurance for your position.
  • Outside market hours the price is set by traders here. When the underlying market is shut, the oracle follows this order book within discovery bounds. When the real market reopens, the price can jump to wherever it opens, and stops can fill far from where you set them.
  • Liquidation. If your equity falls below maintenance margin (half the initial margin at max leverage), the position is closed at market. With cross margin, a loss here can take collateral from your other cross positions.
  • Funding cuts both ways. Rates change every hour. A positive rate costs longs money every hour the position is open; over weeks that adds up.
  • Thin books. Smaller markets can have wide spreads; big orders and liquidations move the price.

Nothing here is investment advice or a price forecast. Leveraged perps can lose more than you expect, fast.

Questions people ask

Can you trade Google stock on Hyperliquid?

You can trade a perpetual that tracks it. trade.xyz's xyz:GOOGL references 1 share of Alphabet Inc. Class A common stock (Nasdaq: GOOGL), margined and settled in USDC. You don't own shares, votes or dividends.

Can I trade Google on Hyperliquid on weekends?

Yes. xyz:GOOGL trades 24/7. From Friday 8:00 PM to Sunday 8:05 PM ET it runs on trade.xyz's internal pricing, limited to ±5% per band with 2 re-anchors per direction from the last external price.

Can I trade this on Hyperliquid from the US?

No. Hyperliquid's terms restrict the United States (and Ontario, among others), and trade.xyz's terms bar US persons. ICE said on October 29, 2026 that it is backing a US version of trade.xyz's markets, subject to CFTC approval; nothing is live for US users yet.

Sources

  1. trade.xyz docs: Specification Index
  2. trade.xyz docs: US stocks (external coverage, Blue Ocean overnight session)
  3. trade.xyz docs: Oracle price (external and internal pricing)
  4. trade.xyz docs: Discovery bounds
  5. trade.xyz docs: Fees and growth mode
  6. trade.xyz docs: General disclaimer (restricted persons)
  7. The Block: ICE moves to bring trade.xyz Hyperliquid perps to the US (2026-10-29)
  8. Hyperliquid info API (metaAndAssetCtxs, snapshot 2026-11-04 10:16 UTC)
  9. Hyperliquid Docs: HIP-3 builder-deployed perpetuals
  10. Hyperliquid Docs: Fees (HIP-3 and growth mode)