> For the complete documentation index, see [llms.txt](https://velocity-1.gitbook.io/velocity-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://velocity-1.gitbook.io/velocity-docs/features/markets.md).

# Markets

Velocity gives you every market with 500+ pairs across spot and perpetuals.

## Crypto perpetuals

200+ perp markets, USDC-margined, hourly funding, no expiry. BTC, ETH, SOL, and the rest. Routed across our on-chain perp venues, including Hyperliquid and Lighter, so each pair gets the deepest available book. Leverage up to 40x on BTC and 20-25x on most other majors, depending on the venue.

## Stocks

Perpetuals on US stocks like TSLA, NVDA, AAPL, AMZN, and a growing list of single-name tickers. On Hyperliquid these are deployed through the HIP-3 standard.

* Liquidity is thinnest outside the regular session (14:30-21:00 UTC), and spreads widen.
* Funding runs hourly against the mark vs the underlying index.
* Leverage up to 100x.

There's also a venue for pre-IPO perps like OpenAI and Antrophic on private companies. Pre-IPO assets.

## Forex

13 FX pairs across Hyperliquid and Ostium. All USDC-margined, 24/7.

Hyperliquid (up to 50x):

* EUR/USD
* GBP/USD
* USD/JPY
* USD/NOK (up to 10x)

Ostium (up to 200x):

* EUR/USD
* GBP/USD
* AUD/USD
* NZD/USD
* USD/JPY
* USD/CAD
* USD/CHF
* USD/KRW
* GBP/USD

## Commodities

17 commodity markets across Hyperliquid and Ostium. All USDC-margined, 24/7.

Hyperliquid:

* WTI Crude Oil (CL) up to 20x
* Brent Crude Oil (BRENTOIL) up to 20x
* Gold (GOLD) up to 25x
* Silver (SILVER) up to 25x
* Copper (COPPER) up to 20x
* Natural Gas (NATGAS) up to 10x
* Palladium (PALLADIUM) up to 20x
* Platinum (PLATINUM) up to 20x
* USA Rare Earth (USAR) up to 10x
* PAXG up to 10x

Ostium:

* Gold (XAU) up to 100x
* Silver (XAG) up to 50x
* Copper (HG) up to 50x
* Palladium (XPD) up to 50x
* Platinum (XPT) up to 50x
* Brent Crude Oil (BRENT) up to 20x
* WTI Crude Oil (CL) up to 20x

## Indices

14 index markets across Hyperliquid and Ostium. All USDC-margined, 24/7.

Hyperliquid:

* S\&P 500 (SP500) up to 50x
* Nasdaq 100 (XYZ100) up to 30x
* Nikkei 225 (JP225) up to 20x
* KOSPI 200 (KR200) up to 20x
* Crypto Mkt Cap ex-BTC (TOTAL2) up to 20x
* Altcoin Market Cap (OTHERS) up to 10x
* BTC Dominance (BTCD) up to 20x

Ostium (up to 100x):

* S\&P 500 (SPX)
* Nasdaq 100 (NDX)
* Dow Jones 30 (DJI)
* Germany 40 (DAX/EUR)
* UK 100 (FTSE/GBP)
* Hong Kong 50 (HSI/HKD)
* Japan 225 (NIK/JPY)

## ETFs

15 ETF markets across Hyperliquid and Ostium. All USDC-margined, 24/7.

Hyperliquid (up to 20x):

* iShares S. Korea ETF (EWY)
* VanEck Semiconductor ETF (SMH)
* iShares Japan ETF (EWJ)
* iShares Taiwan ETF (EWT)
* iShares Brazil ETF (EWZ)
* Energy Sector ETF (XLE)
* Sprott Uranium ETF (URNM) up to 10x
* Invesco QQQ (QQQ)
* SPDR S\&P 500 (SPY)

Ostium:

* High Yield Bond ETF (HYG) up to 100x
* 20+ Year Treasury ETF (TLT) up to 100x
* Roundhill Memory ETF (DRAM) up to 50x
* Rare Earth ETF (REMX) up to 50x
* Uranium ETF (URA) up to 30x
* KOSPI 200 ETF (KR2550) up to 20x
* Natural Gas ETF (UNG) up to 15x

## Prediction markets

Binary and multi-outcome contracts, offered on Hyperliquid through the HIP-4 standard. Each side trades between 0 and 1 representing implied probability, settles at $1 if it wins and $0 if it loses.

Examples:

* "Will \[coin] cross \[price] by \[date]?"
* "Will the next FOMC raise by 25bps?"
* "Will the next non-farm payrolls beat consensus?"
* "Which team wins game 2 of the NBA Finals?"

Three things to know:

* **No leverage.** All outcome contracts trade 1x, fully collateralised. Max loss is the entry premium.
* **USDC settlement.** Every live market debits spot USDC at trade time. On Hyperliquid, the canonical quote asset migrated to USDC under AQA v2 in May 2026 (Coinbase + Circle took deployer duty). Non-USDC outcomes never reach the trade modal. If one ever shipped we'd render it read-only with a "settles in X" badge rather than mis-route funds.
* **Spot, not perp.** If your USDC sits on the perp ledger, hit Transfer in the balances strip before placing the order. We don't auto-bridge.

Prediction markets aren't included in strategies.

## Browse

Click the asset chip in the top left. Search by ticker or asset name. Favourites are saved per account.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://velocity-1.gitbook.io/velocity-docs/features/markets.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
