What is Rubicon?
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.
The Problem
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.
Our Solution
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
How We're Different
Direct ETF Price Tracking
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
Built on Hyperliquid
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
Current Markets
SOXX — iShares Semiconductor ETF
Korean Semiconductor ETFs — KODEX, TIGER, HANARO exposure
Quick Links
How It Works — Technical architecture
Place Your First Trade — Get started in 5 minutes
Oracle Infrastructure — How we source prices
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