Advanced Micro Devices (AMD) Perpetuals on Hyperliquid

AMD is a major semiconductor company competing in CPUs, GPUs, and data-center AI accelerators. Trade AMD perpetual futures on Hyperliquid via trade.xyz.

AMD is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 10x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

AMD is the "number two" AI-accelerator trade, and that positioning is exactly why it deserves its own contract rather than being lumped with NVIDIA. The thesis is not whether AI compute demand is real — it is whether AMD can take share from NVIDIA with the MI300 and MI400 Instinct line, so the stock reacts to a different catalyst set: hyperscaler design-win announcements (Microsoft, Meta, Oracle committing to Instinct), ROCm software-stack progress, and the data-center GPU revenue ramp, alongside its more cyclical client-CPU and embedded segments. That gives AMD a beta to the AI narrative that is high but distinct from NVDA — it often lags on the way up and overshoots on sentiment reversals, which makes the NVDA/AMD pair a recurring relative-value trade. AMD-PERP on Hyperliquid via trade.xyz is cash-settled in USDC with hourly funding, and the 24/7 access matters because the AI-capex headlines that move it — hyperscaler earnings, supply-chain prints out of Asia, competitor keynotes — routinely break after the US close. Running AMD-PERP in the same USDC-margin wallet as your NVDA, MU, and AI-token perps lets you trade the whole AI-infrastructure complex as a basket, hedge one leg against another, and react before the next NYSE session, with no broker, KYC, or T+1 settlement.

AMD-PERP tracks the spot AMD share price via the trade.xyz oracle with hourly funding. Largest catalysts: quarterly earnings (late January or early February, late April, late July or early August, late October) with the market focused on data-center GPU and the Instinct ramp; new MI-series accelerator launches and hyperscaler design wins; NVIDIA earnings and keynotes (AMD trades sympathetically and on relative-positioning rotations); and PC and client demand prints. Volume and depth are best during US hours. Funding tends to turn positive on AI-rally days as perp longs crowd the second-place GPU name; watch the NVDA/AMD ratio for relative-value setups.