Hyperliquid’s Nvidia Perpetual Market Recorded $189 Million in 24-Hour Volume

Hyperliquid’s Nvidia (NVDA) perpetual contract recorded about $189 million in 24-hour volume around a short position observed Nov. 9, while open interest ranged from $57 million to $59 million. The position involved 30,000 contracts entered at about $181.33 each, for roughly $5.44 million in notional exposure. At 10x leverage, the position would require about $544,000 in initial collateral, roughly one-tenth of its notional value. A rise of about 10% against the short could consume that amount; maintenance requirements and fees could trigger liquidation sooner. The xyz:NVDA contract tracks Nvidia’s price but does not give traders ownership of its shares.