Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale
Price-discovery chart
A continuous 24-hour perpetual-futures reference value. About the data
Saved open interest, contract count
Saved funding rate, per-hour decimal
- Contract ID
- io:OAI
- dex
- io
- Type
- Perpetual futures reference
- Quote unit
- USDC reference
This is a perpetual-futures reference on the market capitalization of a company before its public listing. The contract is issued by Entropy, and $1 of the contract represents $1 billion of market capitalization. It is not a share price.
Not a per-share price. Under the issuer's specification, USD 1 of price represents USD 1 billion of the company's market capitalization. This page displays a reference value in USDC.
Source: Hyperliquid · Last updated · Perpetual-futures reference value
References an unlisted company. The reference is quoted in USDC. Hyperliquid io perpetual-futures reference.
How to read the chart
Reference chart of Hyperliquid perpetual-futures candles for OpenAI, not the official cash-market chart.
Reference value and method
How the numbers and formulas on this page work: Symbol page guide.
OpenAI is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.
Not a per-share price. Under the issuer's specification, USD 1 of price represents USD 1 billion of the company's market capitalization. This page displays a reference value in USDC.
Observed value at 2026-09-27 22:04 UTC
- Asset class
- Unlisted-company reference
- Source
- Hyperliquid / io:OAI
- Price unit
- USDC reference
- Reference value
- USDC 1661.25
- 24h
- +1.35%
- Method
- Use the mid price; use the mark price only when no mid price can be obtained
- Referenced contracts
- io:OAI
- Observed time
- Saved observation
Ratio = 1661.25 / 1639.1 − 1 = +1.35% (shown as a percentage, rounded to two decimal places).
Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.
This site does not provide investment advice.
About this symbol
Sourced explanations (7)
Explanations may include summaries and translations. Follow the source links for the original text.
Contract and trading hours
-
The reference issuer of this contract is OpenAI Group PBC. Each $1 of the contract represents $1 billion of market capitalization of the underlying company. The quote asset is USDC. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
-
Before listing, published mark and oracle prices are bounded by a lower bound of 200 and an upper bound of 3,000. The bounds are reviewed on the same cadence as open interest caps. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
-
The oracle price is published approximately every 3 seconds. It blends an internal price derived from the contract's order book with an external price aggregated from private-market data sources. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
-
The open interest cap for this contract is 10M, as written in the specification, and margin is isolated. The funding multiplier is 0.125. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
-
Holding the contract confers no ownership, voting rights, dividends or IPO allocation. The contract does not require private-share inventory. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
Composition and methodology
-
Three calendar days before an announced listing, the oracle becomes a 1-hour exponential moving average of the mark. After the listing, the market continues as a market-capitalization contract. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
-
If the issuer remains unlisted, the contract settles on 2 September 2028, at the 6-month trailing time-weighted average of the mark price. If the operator issues an early-settlement notice, the contract settles at the notice time, at the 30-day time-weighted average of the mark. From the contract specification, retrieved 29 September 2026.
Source: Entropy (contract issuer)
Market observations Retrieved: 2026-09-27 22:04 UTC
24h volume Retrieved: 2026-09-27 22:04 UTC
- Notional (USDC)
- 865,228.09
- Contracts
- 527.125
- Nominal / quantity
- 1,641.409697Notional ÷ contracts, using the values before rounding; rounded to six decimal places
Open interest (OI) Retrieved: 2026-09-27 22:04 UTC
- Open interest (contracts)
- 4,107.078
- Mark price
- 1660.5
- Notional (contracts × mark price)
- 6,819,803.02Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places
Funding rate Retrieved: 2026-09-27 22:04 UTC
Funding: Hourly 0.0000319538 = 0.00319538% (shown as a percentage); ×24 (daily conversion) = 0.07668912%; ×24×365 (365-day conversion) = 27.9915288% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is positive).
- Hourly
- 0.0000319538As a percentage: 0.00319538%
- ×24 (daily conversion)
- 0.07668912%
- ×24×365 (365-day conversion)
- 27.9915288%
Hyperliquid field names and values before rounding: notional = dayNtlVlm 865228.0862999995 USDC; contracts = dayBaseVlm 527.125; open interest = openInterest 4107.078 contracts; mark price = 1660.5; hourly funding rate = funding 0.0000319538.
Daily observation log (58 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC
Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 15/58 · Missing dates: 3
Show 58 saved daily records
Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.
Scroll horizontally to see all columns.
| Observed at (UTC) | Mid price | Previous-day reference | vs previous-day reference | Open interest | 24h notional volume (USDC) |
|---|---|---|---|---|---|
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| — | 1250.0 | — | 0.0 | 0.0 | |
| 1290.9 | 1328.6 | -2.84% | 720.088 | 1976682.9944999998 | |
| 1461.05 | 1293.9 | +12.92% | 2336.558 | 5518450.3422000017 | |
| 1463.25 | 1448.4 | +1.03% | 2823.71 | 2665864.5818999992 | |
| 1498.35 | 1463.6 | +2.37% | 3198.816 | 2279373.1077000001 | |
| 1480.5 | 1498.4 | -1.19% | 3268.754 | 1122198.5769000002 | |
| 1632.55 | 1621.0 | +0.71% | 4238.704 | 3684919.9621000048 | |
| 1624.25 | 1638.7 | -0.88% | 4268.122 | 3541891.4968000017 | |
| 1633.4 | 1624.0 | +0.58% | 4635.406 | 1964675.8485000005 | |
| 1591.85 | 1633.0 | -2.52% | 4649.75 | 3521077.0739999996 | |
| 1577.65 | 1501.0 | +5.11% | 4805.918 | 2655233.3141000019 | |
| 1535.55 | 1580.4 | -2.84% | 4751.98 | 1860907.2381000018 | |
| 1569.0 | 1529.8 | +2.56% | 4469.608 | 2057492.2431999994 | |
| 1589.65 | 1568.1 | +1.37% | 4378.492 | 1832009.2141 | |
| 1590.55 | 1593.1 | -0.16% | 4478.698 | 1232954.7202999997 | |
| 1614.2 | 1590.3 | +1.50% | 4641.144 | 817274.7173000003 | |
| 1617.3 | 1615.2 | +0.13% | 4638.068 | 740731.6965999998 | |
| 1661.15 | 1617.0 | +2.73% | 4395.736 | 2172672.6843000003 | |
| 1699.1 | 1673.4 | +1.54% | 4484.058 | 1503700.0381000002 | |
| 1652.5 | 1695.6 | -2.54% | 4395.912 | 827485.8864999999 | |
| 1624.95 | 1649.5 | -1.49% | 4132.06 | 1239513.1610000001 | |
| 1622.45 | 1624.2 | -0.11% | 3676.132 | 1082460.1954999997 | |
| 1639.35 | 1622.4 | +1.04% | 3851.568 | 696375.7004999999 | |
| 1661.25 | 1639.1 | +1.35% | 4107.078 | 865228.0862999995 | |
| 1627.3 | 1660.1 | -1.98% | 4154.76 | 1006333.6299000004 | |
| 1689.95 | 1633.0 | +3.49% | 4686.578 | 5571729.712600003 | |
| 1634.05 | 1690.8 | -3.36% | 4036.428 | 1815551.7865000002 | |
| 1582.45 | 1638.3 | -3.41% | 3455.842 | 2677670.2620000001 | |
| 1616.4 | 1582.6 | +2.14% | 3482.89 | 1291803.4811999998 | |
| 1634.9 | 1617.2 | +1.09% | 3573.526 | 980874.9644000004 | |
| 1642.3 | 1634.7 | +0.46% | 3474.026 | 871747.7963000002 | |
| 1644.85 | 1641.0 | +0.23% | 3520.678 | 1049367.8433000001 | |
| 1687.65 | 1645.6 | +2.56% | 3332.058 | 1671698.0796999997 | |
| 1730.05 | 1687.8 | +2.50% | 3053.154 | 4722327.4499000013 | |
| 1673.1 | 1731.0 | -3.34% | 3176.308 | 6309606.7359000035 | |
| 1686.5 | 1673.2 | +0.79% | 3286.624 | 3562489.450799997 | |
| 1711.5 | 1686.1 | +1.51% | 3308.45 | 2451223.4976999983 | |
| 1698.75 | 1711.6 | -0.75% | 3318.244 | 4220970.105700003 | |
| 1691.85 | 1700.3 | -0.50% | 3297.428 | 3779702.6351999994 | |
| 1660.25 | 1690.8 | -1.81% | 3268.946 | 3788230.3481999985 | |
| 1623.95 | 1660.1 | -2.18% | 3823.508 | 4703956.3332999861 | |
| 1562.25 | 1625.3 | -3.88% | 4558.318 | 8696293.2563999947 | |
| 1533.75 | 1561.5 | -1.78% | 4587.846 | 5365489.256200009 | |
| 1500.05 | 1531.7 | -2.07% | 4747.868 | 3375107.6678999984 |
Dates without a saved record in the displayed period: 2026-09-07, 2026-09-08, 2026-09-13.
Missing mid price: 2026-08-18, 2026-08-19, 2026-08-20, 2026-08-21, 2026-08-22, 2026-08-23, 2026-08-24, 2026-08-25, 2026-08-26, 2026-08-27, 2026-08-28, 2026-08-29, 2026-08-30, 2026-08-31, 2026-09-01. The page does not substitute another field or another date.
Period range (43 records with a mid price)
Period range over 58 daily log rows: first mid price 1290.9; last mid price 1500.05; highest mid price in the period 1730.05; lowest mid price in the period 1290.9.
- First mid price2026-09-02 22:05:05.857 UTC
- 1290.9
- Last mid price2026-10-17 22:04:59.595 UTC
- 1500.05
- Highest mid price in the period2026-10-07 22:04:49.790 UTC
- 1730.05
- Lowest mid price in the period2026-09-02 22:05:05.857 UTC
- 1290.9
Market hours
| Trading hours | Treated as a 24-hour market. |
|---|---|
| Note | The displayed price is a Hyperliquid perpetual-futures reference. |
| Check | It can differ from cash prices and prices on other venues. |
Understanding this contract
Other symbols in this group
Related articles
Frequently asked questions
What does the OpenAI price on this page represent?
It is the io:OAI perpetual-futures reference from Hyperliquid. It is not a cash price, official index value, or exchange close. Not a per-share price. Under the issuer's specification, USD 1 of price represents USD 1 billion of the company's market capitalization. This page displays a reference value in USDC.
What is the 24h comparison for OpenAI?
It compares the current reference against the previous-day reference of the same Hyperliquid contract. It is not a comparison against the cash-market previous close.
What are the market observations for OpenAI?
They are the 24-hour volume (notional and contracts), open interest, mark price, and funding rate from the same retrieval as the reference value. Computed fields show their formulas beside them.