What is tradeeverything?
Perpetuals on about 220 US stocks and ETFs, 24 hours a day, 5 days a week, with infinite liquidity at the reference price up to the house's risk limits, no funding until the house is meaningfully one-sided, and up to 1000x leverage.
tradeeverything is a perpetuals exchange for about 220 of the most traded US stocks and ETFs, open 24 hours a day, 5 days a week.
- About 220 US stocks and ETFs, 24/5. Pre-market, regular hours, after-hours and overnight, on real prices from the session that is actually trading.
- Infinite liquidity at the reference price, up to the house's risk limits. You trade against the house pool, not an order book. A $100 trade and a $1M trade fill at the same price. Limits apply only to how far the house leans one way in a stock or the market; trades that balance the book are always accepted. See risk limits.
- No funding unless the house is meaningfully one-sided. Funding is zero until the house's net position in a stock passes 15% of its limit; the app shows that threshold in dollars. Past it, only the crowded side pays, hourly, at a rate locked and shown before the hour starts.
- No spread and no slippage.
- Up to 1000x leverage on the most liquid names in the regular session; 50x in pre-market and after-hours; 20x overnight.
- One click. Sign once with your wallet; after that a session key signs your trades with no popups and no gas.
Why it exists
Stock perps on Hyperliquid are real but thin. About 114 stock, index and commodity markets are listed by third-party deployers, most at 10 to 20x, and outside the top handful the order books are shallow: the spread to trade $100k a side runs from about 0.1 bps on the S&P contract to more than 6 bps on smaller names. A trader who wants size in anything past the top 20 names moves the price against themselves.
tradeeverything takes the opposite approach. There is no book to walk. The price is Pyth's aggregated price from institutional publishers, and the house takes the other side of every trade at that price, up to per-stock caps.
How it compares
| Hyperliquid stock perps | Papertrade | gTrade, Ostium | tradeeverything | |
|---|---|---|---|---|
| Stocks | ~114 markets (incl. indices, commodities) | none (BTC, ETH) | a limited list | ~220 |
| Price source | Own order book | Hyperliquid order-book mid | Oracle | Pyth Pro, checked against Chainlink |
| Liquidity | Order book depth | House pool | House pool | House pool |
| Funding | Hourly | No | Holding fees of some kind | Hourly, crowded side only, zero until the house passes 15% of its limit |
| Max leverage on stocks | 10 to 50x | n/a | well below 1000x | Up to 1000x intraday |
| Trading hours | 24/7 | 24/7 | Market hours | 24/5, weekends locked |
| Pool start | n/a | $0, filled by losses | Funded by depositors | $0, filled by losses |
Who you are trading against
The house pool. It starts at $0. Nobody can deposit into it; it grows only from traders' losses. When it cannot pay a winner straight away, the unpaid part of the win joins a first-in, first-out queue and is paid as later losses refill the pool. Your margin is never queued, only profit.
In the first year, losers earn $TRADE: 75% of the fixed 1B supply is shared among them over 26 two-week periods, largest first. Staked $TRADE earns half of all fees plus a share of everything the pool earns: 1% while the pool is under $5M, rising to 80% once it passes $10M.
Detail: The pool and the payout queue.