PROVE perpetual futures: PROVE-USDC
The PROVE-USDC market is a perpetual futures contract: a derivative that tracks the PROVE spot price but never expires. Instead of settling on a fixed date, it holds its peg through a funding payment exchanged between longs and shorts.
Orders rest on Hyperliquid's on-chain central limit order book. Margin is posted in USDC, and position size can be levered up to 3x. Positions are marked against an oracle price aggregated from major venues, not against the last trade, which makes the book far harder to wick.
Contract details
- Market type
- Perpetual futures
- Contract
- PROVE-USDC
- Settlement asset
- USDC
- Maximum leverage
- 3x
- Margin modes
- Cross and isolated
- Funding interval
- Hourly
- Mark price
- Oracle-based
- Venue
- Hyperliquid L1
- Custody
- Self-custodial
Frequently asked
What is the PROVE perpetual contract?
It is a futures contract on PROVE with no expiry date. It tracks the underlying price through a funding payment exchanged between longs and shorts, so the contract price stays close to spot without ever having to settle.
How much leverage can I use on PROVE?
Up to 3x on this market. Higher leverage shrinks the distance between your entry and your liquidation price, so the maximum is rarely the right choice.
Who holds my funds while I trade PROVE?
You do. Eufrium never takes custody. Orders are signed in your own wallet and margin sits in your Hyperliquid account, which only your keys control.