What is Rubicon?
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Rubicon brings ETF perpetual futures to Hyperliquid's battle-tested order book infrastructure.
Trade semiconductor and thematic ETFs with leverage, 24/7 market access, and instant settlement—all on-chain.
Traditional ETF exposure comes with friction:
Brokerage accounts — KYC, geographic restrictions, account minimums
Market hours only — Can't react to overnight news
T+2 settlement — Capital locked for days
No easy shorting — Complex borrowing requirements for retail
No leverage — Limited to 1x exposure without margin accounts
Meanwhile, DeFi offers 24/7 crypto trading but lacks exposure to traditional financial instruments like sector ETFs.
Rubicon enables perpetual futures trading on ETFs with:
Up to 3x leverage
Capital efficient exposure
24/7 access
Trade anytime, prices freeze at market close
Cash settlement
No physical delivery, settled in USDH
Non-custodial
Your keys, your funds
No KYC
Permissionless access
We fetch ETF prices directly from authoritative sources—never constructing synthetic baskets from component stocks.
Why this matters:
ETF providers handle rebalancing and corporate actions
No drift between our price and the actual ETF
Simpler, more reliable oracle infrastructure
Rubicon uses HIP-3 to deploy perpetual contracts directly on Hyperliquid's infrastructure:
Battle-tested matching engine
Deep liquidity from Hyperliquid ecosystem
Sub-second execution
On-chain order book transparency
SOXX — iShares Semiconductor ETF
Korean Semiconductor ETFs — KODEX, TIGER, HANARO exposure
How It Works — Technical architecture
Place Your First Trade — Get started in 5 minutes
Oracle Infrastructure — How we source prices
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