Market Structure

Trade perpetuals across crypto, forex, commodities, equities, and more.

Universal Market Access

HertzFlow gives you access to perpetual markets across multiple asset classes — crypto, forex, commodities, equities, and indices — all from a single interface. Every market is powered by multi-oracle validated pricing, so you always trade at fair, real-time prices.

Each market displays key data at a glance:

Data Point	What It Tells You
Mark Price	Current oracle-validated price with 24h change
24h High / Low	Price range over the last 24 hours
Available Liquidity (L/S)	How much capacity remains for new long and short positions
Open Interest (L/S)	Total notional value of active positions per side
1h Net Rate (L/S)	Combined funding + borrow rate per hour

Leverage Limits

Maximum leverage varies by asset class — higher for lower-volatility assets, lower for more volatile ones:

Asset Class	Max Leverage	Why
Forex (FX)	200x	Lowest volatility among supported classes
ETH / BNB / SOL	200x	Major cryptocurrencies with deep liquidity
Altcoins	200x	Higher volatility requires tighter risk controls
Commodities	200x	Moderate volatility, well-established oracles
Equities & Indices	200x	Follows traditional market risk standards

Example: With 100 USDT collateral and 200x leverage on ETH, you control a $20,000 position.

Market Hours

Crypto and forex trade around the clock. Real-world asset markets follow their traditional trading schedules:

Asset Type	Trading Schedule	Notes
Cryptocurrencies	24/7	Always open
Foreign Exchange	Sun 5:00 PM – Fri 5:00 PM ET	Generally open during U.S. public holidays
Precious Metals	Sun 5:00 PM – Fri 5:00 PM ET	Gold and silver observe CME holiday closures
Commodities	Sun 6:00 PM – Fri 5:00 PM ET	Daily maintenance pause 5:00–6:00 PM ET; CME holidays apply
U.S. Indices (SPY, QQQ)	Weekdays, 9:30 AM – 4:00 PM ET	Closed on weekends and NYSE holidays
U.S. Equities	Weekdays, 9:30 AM – 4:00 PM ET	Closed on weekends and NYSE holidays

When a market is closed:

• You cannot open, close, edit, or cancel positions

• Your existing positions stay open — they are not affected

• Active TP/SL orders resume monitoring when the market reopens

Gap risk: When a market reopens, the price may gap significantly from the last closing price. If the opening price moves past your liquidation price or TP/SL trigger, your position will be settled at the reopening price — not your trigger price. This is inherent to markets with trading hours. Consider closing positions before market close or maintaining a wider margin buffer to account for overnight or weekend gaps.

Markets with a red dot in the interface indicate Market Closed status.

The schedule above reflects our testnet standard and may be adjusted in later phases based on liquidity conditions and operational considerations.