How to inspect the OpenAI OAI market on Hyperliquid
A current checklist for Entropy OAI: confirm valuation units, isolated margin, funding and execution depth before using the contract.
Market Guide
Start with the exact market
Reviewed September 25, 2026. Open io:OAI, the OpenAI perpetual on Entropy. The old vntl:OPENAI contract is closed. A familiar company label does not make those two markets interchangeable.
Read the quote in the correct units
OAI expresses implied OpenAI market capitalization in billions of dollars. A hypothetical 1,000 quote represents $1 trillion. It is not a share price and the contract gives no ownership or IPO allocation.
Inspect the account controls
Our API check showed USDC collateral, a 6x leverage cap and isolated-only margin (noCross). Confirm these fields in the interface. Set and inspect position margin separately from the contract's maximum permitted leverage. A lower leverage setting does not remove gap or oracle risk.
Compare the three prices
Compare the executable bid/ask, the mark used for margin, and the oracle used in the funding framework. They can differ. Check available depth at the intended size; a limit price controls the order's permitted price but does not guarantee a fill.
Read the unresolved terms
Entropy's public pages disagree about a funding multiplier and the no-IPO settlement window. The detailed OpenAI guide records both conflicts and links their sources. Do not assume a constant funding cost or a guaranteed settlement calculation from an old article.
Keep a record of the contract check
For any trade research, record the exact symbol, timestamp, margin mode, live funding, mark and oracle. Historical article snapshots are not current quotes. Consult the current operator specification and eligibility rules before using the venue.
Sources & Provenance
Sources used for this article are linked below. See our methodology for how coverage is produced.
Citations Preserved
3
Reference links carried forward from the published mover record.
Original Signal
No tweet URL was preserved in archive storage.
Market Route
Direct route preserved for readers who want to inspect the tracked Hyperliquid market behind this archive entry.
Already onboarded? Open tracked market- 1Entropy product definitiondocs.entropy.io
- 2Entropy contract parametersdocs.entropy.io
- 3Hyperliquid metadata APIhyperliquid.gitbook.io
Reviewed against the linked primary specifications and live contract metadata on September 25, 2026. AI-assisted editorial review; parameters can change.
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Live Market Metrics
Monitor real-time open interest and funding for OAI.