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Ojeyy 2026-06-09 11:29:44 Hyperliquid

No, long positions would not directly lose two thirds of their notional value on a 3-for-1 stock split. No, for dividends any impact flows through normal market pricing and funding rates. There is a good research article breaking this down "Non-Arbitrage Conditions for Perpetual Forwards"

No, long positions would not directly lose two thirds of their notional value on a 3-for-1 stock split. No, for dividends any impact flows through normal market pricing and funding rates. There is a good research article breaking this down "Non-Arbitrage Conditions for Perpetual Forwards"

Ojeyy 2026-06-09 11:10:08 Hyperliquid

No, because SPCX tracks the market implied expected price per share, the current trading price reflects the expected post-IPO share count. When the actual IPO happens and the real share price is known, the contract simply converges to that public trading price during the grace period. When the referenced issuer completes its public listing, the corresponding IPOP is expected to convert into a normal equity perpetual with external pricing and the standard (0.5) funding multiplier. Conversion occurs after the underlying asset begins regular trading and external market data is sufficient to support standard oracle pricing, typically the first regular session after listing. External pricing begins similar to how it resumes for standard XYZ perpetuals at the start of the traditional trading week.

No, because SPCX tracks the market implied expected price per share, the current trading price reflects the expected post-IPO share count. When the actual IPO happens and the real share price is known, the contract simply converges to that public trading price during the grace period. When the referenced issuer completes its public listing, the corresponding IPOP is expected to convert into a normal equity perpetual with external pricing and the standard (0.5) funding multiplier. Conversion occurs after the underlying asset begins regular trading and external market data is sufficient to support standard oracle pricing, typically the first regular session after listing. External pricing begins similar to how it resumes for standard XYZ perpetuals at the start of the traditional trading week.

Ojeyy 2026-06-04 22:24:15 Hyperliquid

https://x.com/unitxyz/status/2062539597523861845?s=20

https://x.com/unitxyz/status/2062539597523861845?s=20

Ojeyy 2026-06-04 01:15:30 Hyperliquid

https://x.com/unitxyz/status/2062214716479668266?s=20

https://x.com/unitxyz/status/2062214716479668266?s=20

Ojeyy 2026-06-03 07:35:02 Hyperliquid

https://x.com/unitxyz/status/2061954216437146076?s=20

https://x.com/unitxyz/status/2061954216437146076?s=20