The trading is simulated — everyone competes on the same $10,000 practice balance, priced off real Kraken market data. The stakes are not: entry fees, prize pools, and duels move real USDC. HyperStake is the exception — it’s real Hyperliquid perps, no simulation.
For newcomers
New to trading and not ready to learn the hard way? Start where the only thing on the line is your rank. Free competitions run on the same $10,000 simulated balance as everything else, with zero entry fee — so you learn the mechanics by actually competing, not by reading a manual.- Free competitions — 10,000 demo capital, same live markets as everyone else
- Real market prices from Hyperliquid + Kraken feeds — no toy sandbox, no fake candles
- Learn by competing — climb a live leaderboard instead of grinding a tutorial
- No pressure — nothing to lose but your rank
For competitive traders
Confident in your edge? Put it where it counts. Paid competitions and 1v1 duels turn your read on the market into real USDC — and leaderboards, seasons, and XP make sure everyone knows who’s actually winning.- Paid competitions — entry fees and prize pools paid in real USDC
- 1v1 duels — winner-take-all, no platform fee
- Leaderboards & seasons — a rank that means something beyond one match
- XP toward $SPEC — every buy-in and placement grows your share of the token
For degens
Want a real position, fast, with no setup? HyperStake skips the order form entirely — pick a direction, pick a payout multiple, pick your stake, and you’re live on real Hyperliquid perps.- HyperStake — one tap, no order form, no leverage math
- Real Hyperliquid perps — the one corner of Speculate that isn’t simulated
- Pick your payout multiple — set the multiple you want, the platform sets the odds
- Fixed stake — your maximum loss is locked in before you confirm