Circle is the issuer of the USDC stablecoin; the perp references CRCL’s share price. Tracked here on Hyperliquid (io) with live mark, funding, open interest and premium to oracle.
How good a synthetic is it?
How this is graded ›This market hasn't been scored yet — Not enough history yet.
90-day history
Contract mechanics
- What it tracks
- Circle Internet Group — equities. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
- Trading hours
- Follows the listing exchange of the share it references: trading days only, closed at weekends and on that exchange’s holidays, extended by an overnight session where the deployer prices one. The contract itself trades on Hyperliquid 24/7.
- When the real market is closed
- The oracle does not freeze. With no external price it starts from the last one and then drifts with Hyperliquid’s own book — a 30-minute exponential average of the gap between the impact bid/ask and the oracle — and snaps back to the real price on the first tick after the market reopens. Funding is charged against that oracle throughout, which is why the jump at each reopening is worth measuring.
- Leverage
- Up to 15×
- Margin mode
- Isolated only
- Settles in
- USDC — margin and profit are in this token, not the quote of the underlying market.