How It Works — Under the Hood

Where your trades actually happen, and why we built on this stack.

Built on Hyperliquid

247.trade doesn't run its own exchange. Every order you place is executed on Hyperliquid — a purpose-built layer-1 blockchain running a fully on-chain order book, processing billions of dollars in daily volume with sub-second finality.

What that means for you:

1. Your balances and positions live on-chain, under your address — not in our database. Anyone can verify them independently on Hyperliquid's explorer, and every movement of funds is publicly recorded. Nothing about your account can happen silently.
2. Deep, shared liquidity. You trade against Hyperliquid's entire market, not a bot-sized liquidity pool. Same order book the pros use.
3. Exchange-grade matching, DEX-grade transparency. Orders, fills, funding, and liquidations all follow protocol rules enforced by the chain — not by us.

Tokenized stocks: the xyz markets

Stock perps (NVDA, TSLA, and the rest) trade on xyz, a dedicated stock-perp market suite deployed on Hyperliquid under HIP-3 — the protocol's framework for builder-deployed markets.

• Pricing comes from oracles that track the underlying stock, so the perp follows the real market — including moves that happen outside regular exchange hours.
• The mark price (an oracle-weighted fair value) is what drives your PnL and liquidations. This protects positions from being liquidated by a single thin-market wick.
• Funding keeps the perp honest: when the perp drifts from the reference price, funding payments between longs and shorts pull it back.

This is how "stocks at 3am on a Sunday" is possible: you're trading a derivative that never closes, anchored to the price of an asset that does.

What 247.trade adds

We're the interface and intelligence layer: one-tap execution from Telegram, charts, earnings and funding intel, alerts, liquidation guard, and referral rewards. Your keys are exportable (/export), your funds are on-chain — see Wallet & Security for exactly how custody works.

Our service fee runs through Hyperliquid's builder-code system: you approve a hard on-chain cap once (0.1% max), and the protocol itself makes it impossible for anyone to charge you above it.

Risks we won't hide

No trading system removes risk, and we'd rather you know exactly what remains:

1. Market risk — leverage cuts both ways; liquidation means losing the margin on that position.
2. Funding risk — holding perps costs (or pays) funding, which can spike while underlying markets are closed.
3. Oracle & dislocation risk — outside market hours, perp prices reflect the market's expectation, which can gap when the underlying reopens.
4. Venue risk — Hyperliquid is battle-tested at scale, but like any protocol, it is not risk-free.

Trade sized to survive being wrong. Not financial advice — DYOR.