LoadingLoadingLoadingThe S&P 500 perpetual on Hyperliquid trades at $7,392, 0.2% higher than 24 hours ago, as of . Open interest is $384.4M, 24 hour volume is $336.6M and funding is 0.0006% an hour (longs pay shorts). It is a perpetual contract that follows the S&P 500 Index, not the index itself or a share of any company in it, and it keeps trading when the index and index futures markets are closed.
Longs pay shorts
Venue: Hyperliquid, the xyz dex run by trade[XYZ], market xyz:SP500. Read . Refreshed about every hour.
The US cash session runs 9:30 AM to 4:00 PM ET. The venue reads index futures from Sunday 6:00 PM to Friday 5:00 PM ET, with a gap from 5:00 to 6:00 PM ET each day. The Hyperliquid perpetual does not stop: it trades all week and all weekend, and only the source of its price changes.
Schedule and pricing rules from trade[XYZ]'s documentation, read 2026-11-03. The venue can change them. Sources: Equity index pricing, How the oracle price works, Holiday closures, Contract specifications.
How far Hyperliquid's S&P 500 perpetual moved from Friday 5:00 PM to Sunday 6:00 PM ET and in the next hour. The next hour follows the normal futures reopen. A price record, not a return and not the futures price. The last four of 30 recorded weekends, to Friday 2026-10-23; Hyperliquid data read 2026-10-26.
| Friday | Friday to Sunday | Hour after reopen |
|---|---|---|
| 2026-10-23 | +0.11% | +0.09% |
| 2026-10-16 | -0.33% | +0.71% |
| 2026-10-09 | +0.08% | -0.03% |
| 2026-10-02 | +0.15% | +0.06% |
| Market | Price | 24h change | Funding per hour | Open interest | Hyperliquid market |
|---|---|---|---|---|---|
| WTI Crude Oil | $89.90 | +0.3% | 0.0047% | $174.0M | xyz:CL |
| Brent Crude Oil | $97.08 | -0.014% | 0.0047% | $393.9M | xyz:BRENTOIL |
| Gold | $4,076 | +0.1% | 0.0006% | $304.3M | xyz:GOLD |
| Silver | $52.09 | +0.2% | 0.0006% | $206.6M | xyz:SILVER |
| Natural Gas | $3.10 | +1.4% | 0.0008% | $24.6M | xyz:NATGAS |
| Copper | $6.27 | +0.0064% | 0.0006% | $8.5M | xyz:COPPER |
| Platinum | $1,539 | +1.1% | 0.0006% | $2.9M | xyz:PLATINUM |
| S&P 500 (this page) | $7,392 | +0.2% | 0.0006% | $384.4M | xyz:SP500 |
| XYZ100 | $26,980 | -0.022% | -0.0008% | $287.2M | xyz:XYZ100 |
| Palladium | $1,022 | -0.2% | -0.0015% | $2.1M | xyz:PALLADIUM |
| Diesel (ULSD) | $4.34 | +0.5% | 0.0101% | $119K | xyz:HO |
| Japan 225 | 58,168 | -0.3% | 0.0031% | $3.0M | xyz:JP225 |
| Korea 200 | 796.99 | -0.2% | -0.0036% | $1.0M | xyz:KR200 |
| NIFTY 50 | 24,783.00 | +0.4% | 0.0072% | $185K | xyz:NIFTY |
| EUR/USD | 1.1152 | -0.2% | 0.00000% | $31.0M | xyz:EUR |
| USD/JPY | 158.14 | -0.088% | 0.00000% | $33.0M | xyz:JPY |
| GBP/USD | 1.3349 | -0.3% | -0.0014% | $478K | xyz:GBP |
| SpaceX (SPCX) | $135.08 | +5.2% | 0.0006% | $163.1M | xyz:SPCX |
| Anthropic (ANT) | $97.96 | -10.7% | 0.0008% | $62.0M | xyz:ANT |
| OpenAI (OAI) | 1,329.7 | -2.8% | 0.0002% | $7.5M | io:OAI |
| Oura (OURA) | $48.33 | +0.2% | 0.00001% | $795K | xyz:OURA |
The venue reads the index futures price from Sunday 6:00 PM to Friday 5:00 PM ET, so it has no new price on weekends. Hyperliquid's perpetual keeps trading, and this page shows its latest price ($7,392, read ). On a weekend that price is set by Hyperliquid traders, not by index trading.
Not exactly. In the US cash session the oracle is the index value. Outside it the venue reads index futures and discounts them to an implied index value. The mark price shown here also reflects the perpetual's own order book.
Not directly. In the US cash session it follows the index itself. Outside the cash session, while index futures trade, it follows those futures discounted to an implied index value.
Hyperliquid lists a perpetual contract that follows the S&P 500 Index. You get leveraged price exposure with no expiry date, not the index itself or a share of any company in it. Whether you can trade it depends on where you live, and AlphaYou shows research only in the US and Ontario.
The S&P 500 funding rate was 0.0006% per hour (about 5.5% a year) when read on . Longs pay shorts. Funding is a payment between longs and shorts every hour, not a fee paid to Hyperliquid, and it moves as the perpetual's price drifts from the market it follows.
Open interest in the S&P 500 perpetual was $384.4M and trading volume over the last 24 hours was $336.6M, with leverage up to 50x, read on .
No. Annualizing the current hourly rate illustrates that rate held constant for a year. Funding can change direction and magnitude. It is separate from entry and exit trading fees, and neither open interest nor trading volume tells you the cost of your own fill.
No. It reports where the perpetual traded at one moment, and it can move in either direction. This page is research, not investment advice.
Prices were read from Hyperliquid on and the page refreshes about every hour. Hyperliquid's own market page is the live source.