Amazon.com Inc (AMZN) Perpetuals on Hyperliquid

Amazon is the world's largest e-commerce company and, through AWS, the largest cloud-infrastructure provider. Trade AMZN perpetual futures on Hyperliquid via trade.xyz with no traditional market hours.

AMZN 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.

Amazon is really two businesses stapled together, and trading it well means watching the one the market is pricing at the margin: AWS, the cloud unit that drives the profit and the AI-capex narrative, versus the lower-margin retail and advertising engine that drives the revenue line. The stock reacts most to AWS growth re-acceleration and operating margin, to capex guidance (Amazon is among the heaviest AI-infrastructure spenders, so the same spend-vs-return tension that moves MSFT moves AMZN), and to retail-margin and holiday-quarter execution. That dual identity gives AMZN a beta to the AI-cloud theme that is real but diluted by the consumer side — useful as a slightly lower-volatility way to be long cloud capex, or as a pair against a pure-play infrastructure perp. AMZN-PERP on Hyperliquid via trade.xyz is cash-settled in USDC with hourly funding and trades 24/7, which matters because Amazon reports after the bell and its AWS and capex commentary moves the broader AI complex overnight. Held in the same USDC-margin wallet as your NVDA, MSFT, and crypto perps, it lets you react to the print immediately and trade the cloud-demand side of AI without a US broker, PDT rule, or T+1 settlement.

AMZN-PERP tracks the spot Amazon share price via the trade.xyz oracle with hourly funding. Catalysts: quarterly earnings (early February, late April, late July or early August, late October) with the reaction driven by AWS growth, operating margin, and capex guidance; Prime Day and holiday-quarter retail signals; and broader cloud and AI-capex commentary from peers. As a deep mega-cap the funding rate is usually moderate, but the after-hours earnings move is large and AWS guidance can ripple into the GPU and memory perps — the case for a 24/7 contract.