S&P 500 Index (SP500) Price on Hyperliquid
Auto-refreshes every 30s · Max leverage: 50x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is SP500 on Hyperliquid?
SP500 (S&P 500 Index) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a index perpetual — not a token — and tracks the S&P 500 Index price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 50x leverage. As of May 2026, SP500 perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional index markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker (per Hyperliquid's HIP-3 builder-market fee schedule) — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.
SP500 on Hyperliquid at a Glance
| Underlying | S&P 500 Index (Index) |
|---|---|
| Market type | HIP-3 perpetual future via trade.xyz |
| Max leverage | 50x |
| Maker fee | 0.03% |
| Taker fee | 0.09% |
| Funding interval | Hourly |
| Margin & settlement | USDC — cash-settled, no expiry |
| Trading hours | 24/7, including weekends & holidays |
Live SP500 candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
How to Trade S&P 500 Index (SP500) on Hyperliquid
The S&P 500 is the standard benchmark for large-cap US equities, weighted by market capitalization across 500 leading listed companies. Trade SP500 perpetual futures 24/7 on Hyperliquid via trade.xyz.
SP500 is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 50x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade SP500 on Hyperliquid?
Hyperliquid offers distinct advantages for index traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional index markets are closed. Self-custody ensures you retain full control of your funds at all times.
SP500 Contract Notes & Catalysts to Watch
SP500-PERP references the S&P 500 through the trade.xyz oracle with hourly funding. The index is cap-weighted, so a handful of mega-cap technology names carry a disproportionate share of the move, which is why it has tracked the AI trade far more closely than a broad-market label suggests. That concentration is also what makes the S&P 500 against XYZ100 spread worth watching, since it prices how much of any advance is coming from the same small group. The macro calendar drives the tape: inflation prints, the monthly jobs report and Federal Reserve decisions all land during US hours, and the reaction through the following Asian and European sessions is where a 24/7 contract earns its keep. As a perp there is no quarterly roll and no basis to manage, just spot tracking with hourly funding, settled in USDC. The index is licensed to trade.xyz by S&P Dow Jones Indices.
Related markets: Nasdaq 100 (XYZ100) perp, US equity volatility (VOL) perp.
Key Market Facts
Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule.
Frequently Asked Questions
How do I trade SP500 on Hyperliquid?
SP500 is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 50x leverage.
What are the fees for SP500 on Hyperliquid?
HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.
Can I trade SP500 24/7 on Hyperliquid?
Yes. Unlike traditional index markets that have set trading hours, SP500 perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
How we source and review this market data
Data collection. Live SP500 price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where SP500-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on SP500-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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Where the figures come from. Live SP500 price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where SP500-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.
Reuse. You may republish these figures with attribution and a link to entropyguides.com/markets/xyz/sp500.
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