SMSN icon

SMSN Perp

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Hyperliquid24h Volume$12.4MOpen Interest$42.1MFunding (1h)+0.00113%Premium+0.04575%Oracle price$198.89Max Leverage10x
$198.98+2.5%

About this contract

SMSN-PERP is a perpetual futures contract on Hyperliquid, settled in USDC. It never expires — the position stays open until you close it or it is liquidated. Every hour, funding is exchanged between longs and shorts to hold the contract price against the SMSN index.

Your margin is shared across every Hyperliquid position in this wallet, so a loss here can move the liquidation price of the others.

Isolated marginIndexSMSN/USDSettles in USDCFunding hourlySize step0.001 SMSN