Welcome to Markets

Why Markets by Kinetiq?

Markets by Kinetiq is the first platform where perpetual futures on equity, index, currency, and commodity trade 24/7/365. Built completely onchain, on Hyperliquid — eliminating the arbitrary constraints of traditional finance.

All markets. All hours. All onchain.

Anyone in the world can now trade perps 24/7/365, with up to 50x leverage.

Available now: markets.xyz

Your advantage on Markets

Markets by Kinetiq changes everything:

The bottom line: While traditional platform users watch futures and wait anxiously for market to open, you've already positioned, hedged, and moved on.

Open Markets in a new tab. Without connecting a wallet or signing up, you can:

• Browse all available equity, currency, and commodity perpetuals
• See real-time prices powered by Kaiko's institutional-grade oracle
• Explore the L4 orderbook and see individual orders
• Check funding rates across all markets

No gatekeepers. No approval process. No waiting.

How it works

Markets operates on Hyperliquid's high-performance L1 blockchain using the HIP-3 framework for builder-deployed perpetuals. Here's the architecture:

Get started in minutes

1. Connect wallet — MetaMask, Rabby, or any Web3 wallet
2. Deposit funds — Fund your account with USDH directly with crypto
3. Select market — Choose from equity, currency, or commodity perpetuals
4. Place trade — Familiar order types with pro-level options
5. Manage position — Real-time P&L, margin monitoring, and 24/7 execution

What’s new

• L4 orderbook — See individual orders and liquidity provider attribution
• Pro order types — TWAP and Scale orders for professional execution
• Expanded markets — More equity, FX, and commodity perpetuals
• Trading rewards — Earn while you trade

Platform features at a glance

Markets by Kinetiq combines cutting-edge blockchain technology with professional trading infrastructure. Here's what sets us apart:

1. Market transparency

🚧 Feature Preview — Evolving Functionality
Our transparency features represent our vision for unprecedented market visibility. Capabilities described below are being progressively rolled out. Some features may evolve based on user feedback and market conditions.

Markets provides full transparency into order flow. Unlike traditional platforms that only show aggregated price levels, Markets reveals individual orders, queue priority, and liquidity attribution—giving you the same information edge previously reserved for institutional traders.

Key benefits:

• See individual orders, not just aggregated volumes
• Know your exact queue position before fills
• Identify stable vs. unstable liquidity providers
• Detect potential spoofing through order pattern analysis

2. Pro order types - institutional-grade execution

Beyond standard market and limit orders, Markets offers advanced order types designed for professional trading:

• TWAP Orders - Time-weighted execution minimizes market impact
• Scale Orders - Automate dollar-cost averaging strategies

3. Advanced margin & leverage - flexible capital management

• Up to 50x leverage on select markets
• Isolated margin - Risk-limit individual positions
• Real-time margin monitoring - Never miss a margin call

4. 24/7 Traditional asset perpetuals

Trade equity indices, individual stocks, and commodities around the clock. No more waiting for market opens or dealing with weekend gaps.

• Equity Perpetuals - Trade leading stocks 24/7
• Thematic Perpetuals - Broad market exposure without expiration
• Commodity Perpetuals - Gold, silver, oil and more
• FX
• Outside-hours oracle - Fair pricing when traditional markets close

Learn more about trading mechanics & concepts

Markets vs traditional platforms

The question isn't just "where to trade"—it's "when can I trade, and who controls my funds?"

Key insight: Traditional brokerage platforms offer regulatory protections like SIPC, but you trade custody and time freedom for them. Markets gives you 24/7 access and full control of your funds—you're your own custodian.

Market overview

Markets by Kinetiq offers perpetual futures contracts across traditional and digital asset classes. All contracts are USDH-margined with 24/7 trading availability.

Market categories

Table 3: HIP-3 contract specifications

Further details on tick size

Asset classes:

• Equity perpetuals - Individual equities (e.g. BABA)
• Broad exposure perpetuals - Basket-based equity exposure (global, regional, sector, factor or thematic)
• Currency perpetuals - Foreign exchange pairs (e.g., EUR/USD)
• Commodity perpetuals - Precious metals, industrial metals, energy, and soft commodities
• Bond perpetuals - Global rates, investment-grade bonds, high-yield bonds, and EM bonds
• Alternative perpetuals – Long/short equity, volatility, covered call, private equity, REITs, and cross-asset allocation strategies
• Crypto perpetuals - Major cryptocurrencies (BTC, ETH, SOL) via Hyperliquid Builder Codes
• Spot trading - Direct digital asset trading via Hyperliquid Builder Codes

New markets are regularly added based on community demand and liquidity availability. Follow our social channels for announcements.

Builder code integration: Markets leverages Hyperliquid's builder code infrastructure to provide seamless access to crypto perpetuals and spot markets, creating a unified venue for both traditional and digital asset trading.