S Price in USD
PerpetualAbout S (S)
S (S) is available for trading on Dexly — a non-custodial interface to the Hyperliquid ecosystem. By trading S perpetuals, you can gain leveraged exposure to S price movements without owning the underlying asset. The market supports up to 5x leverage, enabling capital-efficient strategies.
How Leverage Works
Leverage allows you to control a larger position with less capital. For example, with 10x leverage a $1,000 deposit lets you trade $10,000 worth of S. While this amplifies potential profits, it also increases the risk of liquidation if the price moves against your position.
Perpetual Contracts Explained
A perpetual contract is a derivative that tracks S's price without an expiry date. You can hold positions indefinitely as long as you maintain sufficient margin. A funding rate mechanism — paid hourly between longs and shorts — keeps the contract price aligned with the spot index.