COPPER

Copper Futures (COPPER) Perpetuals on Hyperliquid

COPPER-PERP via trade.xyz · HIP-3 Commodity · Live Price, Funding Rate & Trading
Concept211
Reviewed by Concept211 · Hyperliquid Guide editorial team
Active Hyperliquid trader since February 2024. Trades perpetuals on Hyperliquid daily, builds automated trading bots on the Hyperliquid API, and tests every market against the live trade.xyz interface before publishing.
Last reviewed:
$6.6596+1.18%

Auto-refreshes every 30s · Max leverage: 20x

24h Volume
$15.49M
Open Interest
$25.11M
3,770,298.64 COPPER
Funding Rate (1h)
+0.0029%
Annualized: +25.78%
Mark vs Oracle
+0.0608%
Premium

Quick Summary — What is COPPER on Hyperliquid?

COPPER (Copper Futures) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a commodity perpetual — not a token — and tracks the Copper Futures 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 20x leverage. As of May 2026, COPPER perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional commodity 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 Copper Futures (COPPER) on Hyperliquid

Copper is an essential industrial metal and a leading economic indicator. Trade copper perpetual futures on Hyperliquid via trade.xyz.

COPPER 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 20x 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 COPPER on Hyperliquid?

Hyperliquid offers distinct advantages for commodity traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional commodity markets are closed. Self-custody ensures you retain full control of your funds at all times.

New to trading commodity perpetuals on-chain? Our how to trade commodity perpetuals on Hyperliquid guide walks through the mechanics — oracle pricing, hourly funding, USDC margin, no expiry — and compares HIP-3 commodity perps against ICE/CME futures and CFD brokers.

Key Market Facts

Contract TypePerpetual Future (HIP-3)
Max Leverage20x
SettlementUSDC
Taker Fee0.09%
Maker Fee0.03%
Buildertrade.xyz
Funding IntervalHourly (continuous)
Market CategoryCommodity

Frequently Asked Questions

How do I trade COPPER on Hyperliquid?

COPPER 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 20x leverage.

What are the fees for COPPER 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 COPPER 24/7 on Hyperliquid?

Yes. Unlike traditional commodity markets that have set trading hours, COPPER perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.

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