GRAM Perpetual on Hyperliquid: Live Price, Funding, Specs

⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.

GRAM perpetual on Hyperliquid

Live market data and verified contract mechanics for the GRAM perp — one of the markets on Hyperliquid's on-chain order book.

Which venues list GRAM

6 of the perp DEXs this site covers list a GRAM perpetual. Each uses its own ticker for the same underlying — shown below so you can confirm you're on the right market before sizing a position.

Venues listing GRAM perpetuals
Venue	Ticker there	Contract tracks	Max leverage
Hyperliquid	`GRAM`	1 unit	5x
Aster	`GRAMUSDT`	1 unit	not published on the public API
Lighter	`GRAM`	1 unit	not published on the public API
edgeX	`GRAMUSDC`	1 unit	up to 10x on the smallest position tier — falls as size grows Maintenance margin 5%
Paradex	`GRAM-USD-PERP`	1 unit	not published on the public API
ApeX Omni	`GRAM-USDT`	1 unit	50x

Venue coverage from each exchange's own public market-list endpoint, snapshot 2026-10-07. Tickers are reproduced exactly as the venue publishes them. Where a venue doesn't publish a leverage cap without an authenticated key, this table says so rather than estimating one.

How the venues differ for GRAM

Leverage caps differ: ApeX Omni allows up to 50x on GRAM where Hyperliquid caps at 5x. If the ceiling matters to you, ApeX Omni is the higher one — though the liquidation math is the same at whatever multiple you actually run.

Contract specs

Contract specifications for GRAM-USD perpetual
Contract type	Linear perpetual, no expiry — cash-settled, funding every hour
Collateral	USDC
Oracle	USDT-denominated oracle against USDC collateral (a quanto-style detail from Hyperliquid's contract specifications)
Max leverage	5x (set per asset by the exchange; leverage is any integer from 1 up to this cap)
Size precision	0 decimal places

Specs from Hyperliquid's public API meta and official contract-specification docs. Build-time reference (2026-10-09): mark price 1.46, 24h volume $8.2M — the live strip above supersedes these on load.

How trading GRAM perps works here

Like every Hyperliquid perp, GRAM-USD trades on a fully on-chain central limit order book with no gas fee per trade — costs are the maker/taker fee (fee schedule) plus hourly peer-to-peer funding. Margin can be cross or isolated; maintenance margin is half the initial margin at this market's 5x cap — the full liquidation math is in our leverage & liquidation guide.

At 5x maximum leverage, initial margin for a GRAM position is 1/5 of notional at minimum — and the higher the leverage, the closer liquidation sits to entry. New to the instrument entirely? Read perpetuals explained first, and our Hyperliquid review for the venue itself, including the risks.

GRAM's 5x cap is on the cautious side of Hyperliquid's range. It's enough leverage to amplify a move without the thin margin buffer of the majors — a ceiling the exchange tends to set on markets with real but limited depth.

GRAM also trades on Aster, Lighter, edgeX, Paradex and ApeX Omni. Fee schedules and funding mechanics are set per venue, not per asset — compare them on fee comparison and live funding rates, and see the feature comparison for order types, collateral, and everything else each venue supports.

Chosen from the venues' own classification tags and from which venues list each asset — not from price behaviour. Venue counts are from the 2026-10-07 snapshot.

KAITO · 9 venues · same venue set
MET · 4 venues · same venue set
PENDLE · 9 venues · same venue set
0G · 4 venues · same venue set
TRX — TRON · 9 venues · same venue set
ETHFI — Ether.fi · 5 venues · same venue set

Directory order: ← GPS · GRASS →

Other markets

Browse all covered perp markets, or compare across venues with the live funding, open interest, and volume tools.