Cerebras Systems (CBRS) Perpetuals on Hyperliquid
Auto-refreshes every 30s · Max leverage: 10x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is CBRS on Hyperliquid?
CBRS (Cerebras Systems) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a equity perpetual — not a token — and tracks the Cerebras Systems price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 10x leverage. As of May 2026, CBRS perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional equity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder.
How to Trade Cerebras Systems (CBRS) on Hyperliquid
Cerebras Systems (CBRS) builds wafer-scale AI accelerator chips and is among the most-watched AI infrastructure IPOs of 2026. CBRS-PERP on Hyperliquid via trade.xyz launched as a pre-IPO perpetual on May 1, 2026 and transitioned to a standard equity perp following the Nasdaq IPO on May 14, 2026.
CBRS is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 10x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade CBRS on Hyperliquid?
Cerebras Systems is the AI-compute story most other listed semiconductor names rerated against in the lead-up to its May 2026 IPO. The company builds wafer-scale accelerators that compete directly with NVIDIA H100/H200 GPUs in training workloads, and its public listing made it instantly one of the most actively quoted new tickers on US exchanges. Trade.xyz launched CBRS as a Pre-IPO Perpetual (IPOP) on May 1, 2026, giving traders price-discovery access to a synthetic CBRS market two full weeks before any traditional broker could route an order. Following the Nasdaq IPO Cross on May 14, 2026, the contract transitioned to a standard equity perpetual referencing the live CBRS share price — making Hyperliquid one of the few venues where the same wallet that traded the pre-IPO synthetic continues to trade the live equity perp without account or contract migration. For traders building an "AI infrastructure" basket alongside NVDA, AMD, and MU perps, CBRS-PERP delivers the most direct expression of the wafer-scale-vs-GPU thesis, 24/7, cash-settled in USDC, with no need to wait for the next NYSE session to react to AI capex headlines.
CBRS Contract Notes & Catalysts to Watch
CBRS-PERP now tracks the spot Cerebras Systems share price via the trade.xyz oracle (post-IPO standard equity perp). Hourly funding settles continuously. Liquidity is concentrated around the US session given the equity reference, but the contract trades 24/7 — particularly useful for reacting to evening AI hyperscaler capex announcements (META, MSFT, GOOGL, AMZN earnings often release after the bell) that can move CBRS sympathetically. Open interest cap was raised to $10M during the pre-IPO phase; check the trade.xyz spec sheet for current limits.
Key Market Facts
Frequently Asked Questions
How do I trade CBRS on Hyperliquid?
CBRS is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 10x leverage.
What are the fees for CBRS on Hyperliquid?
HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.
Can I trade CBRS 24/7 on Hyperliquid?
Yes. Unlike traditional equity markets that have set trading hours, CBRS perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
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