Hyperliquid’s Nvidia Perpetual Market Recorded $189 Million in 24-Hour Volume

Hyperliquid’s Nvidia (NVDA) perpetual contract recorded about $189 million in 24-hour volume around a short position observed Nov. 9, while open interest ranged from $57 million to $59 million.

The position involved 30,000 contracts entered at about $181.33 each, for roughly $5.44 million in notional exposure.

At 10x leverage, the position would require about $544,000 in initial collateral, roughly one-tenth of its notional value. A rise of about 10% against the short could consume that amount; maintenance requirements and fees could trigger liquidation sooner.

The xyz:NVDA contract tracks Nvidia’s price but does not give traders ownership of its shares. It has no expiration, settles in USDC and trades around the clock, including when U.S. stock exchanges are closed. trade.xyz operates the market through Hyperliquid’s HIP-3 infrastructure.

Volume measures value traded during a period. Open interest measures the value of contracts that remain active.