Anthropic PBC perpetual contract specifications
ANTHROPIC on Aperi is a perpetual derivative linked to Anthropic PBC. Its reviewed catalogue contract is io:ANTH on hyperliquid, using USDC collateral. This is price exposure; the contract does not deliver shares or ownership of the underlying asset.
Reviewed contract identity
- Product
- Anthropic PBC (ANTHROPIC)
- Asset class
- Pre-IPO
- Reviewed venue
- hyperliquid
- Native contract
- io:ANTH
- Native market ID
- hyperliquid.io.ANTH.USDC
- Collateral
- USDC
- Quote currency
- USDC
- Pricing model
- Native order book
- Classification
- Pre-IPO synthetic perpetual
- Routing revision
- aperi-public-preipo-v1-2026-10-09
- Underlying unit
- Cash-settled issuer equity-valuation reference; a $1 quote denotes $1 billion company market capitalization.
- Price unit
- Company valuation in USD billions; native settlement collateral is USDC.
- Reference method
- Private-market external valuation inputs plus the Entropy impact-price oracle; quoted units remain company market capitalization.
- Settlement
- Continues as a market-cap perpetual after an IPO; a published two-year unlisted-company resolution schedule applies.
What this contract represents
This is synthetic exposure to a private-company reference valuation. It is not an offer of private shares, an IPO allocation or ownership in Anthropic PBC. Reference pricing and settlement follow the native specification.
24/7 perpetual markets remain subject to market availability, venue halts, oracle limits and liquidity. Understand perpetuals and ownership.
Market data and availability
The terminal provides current public observations separately from this reviewed contract description. Prices, funding, leverage ceilings and quantity increments come from the native venue when available. Missing observations remain unavailable.
Order-book venues can expose quotes, books, trades and candle history, with individual source times. The catalogue may select another reviewed route under its liquidity policy; an existing position retains its original venue identity.
Funded trading on Aperi is currently disabled. Public data, account login and a connected wallet do not establish trading permission. Read our data methodology.
Collateral, costs and risk
The reviewed route uses USDC. Funds remain separate per venue; a combined portfolio does not provide shared collateral or automatic transfer authority. Aperi's proposed platform fee is 0.05% of notional, subject to builder qualification. Total costs also include venue fees, spread, slippage and funding.
Leverage can amplify losses and trigger liquidation. This is product documentation, not an investment recommendation. Risk disclosure · Collateral and fees · Funding and liquidation.