24/7 stock perpetual futures
Get price exposure to major stocks and indices around the clock — including outside regular market hours — via USDC-settled perpetual futures.
EVENTCODE· No sign-up · One wallet connection · Applied before your first trade
HIP-3 builder markets
The HIP-3 standard, introduced in October 2025, lets builders that stake 500,000 HYPE deploy their own perpetual markets. trade.xyz uses this to run stock and index perps, which appear with an xyz: prefix on Hyperliquid.
An S&P500 index perpetual with a licensed S&P Global feed was launched in March 2026.
US stocks, global indices, pre-IPO
| Category | Markets (tickers) |
|---|---|
| US stocks | TSLA, NVDA, AAPL, MSFT, META, GOOGL, AMZN, AMD, INTC, MU, ORCL, TSM, and others |
| Global indices | SP500, JP225 (Nikkei 225), NIFTY, DXY (dollar index) |
| International stocks | Selected Asian and European large-caps, including 24/7 tickers via HIP-3 builders |
| Pre-IPO | SpaceX, OpenAI, Anthropic, Cerebras, and more |
| Commodities | Crude oil, gold, copper |
Trading works the same as any other perp
Enter via the referral link, connect a wallet, deposit USDC, then open the Perps tab and search for a ticker in the table above. Trading is identical to regular coin perps — see the perp guide.
Basis and leading indicators
Perp prices keep moving after regular markets close, which many traders use as a leading indicator for the next session's open.
Off-hours perp prices can trade at meaningful basis to the last regular-hours close, and often converge in that direction once the underlying reopens. Some traders track this basis as a signal for next-day price action.
For example, over one weekend when traditional markets were closed, Hyperliquid's crude oil perp volume reportedly jumped from about $25M to $550M, and roughly 80% of the eventual price move was already reflected before the CME reopen. Multiple exchanges have since launched their own stock perp lineups — this is still an emerging market.
Stock perp margin calculator
Enter share price, contracts, and leverage to see required margin and liquidation distance.
Estimate margin and liquidation distance
Enter the reference share price in USD to size a stock perpetual position.
Note: Stock perps track price only and do not confer share ownership, dividends, or voting rights. Watch for gap risk around regular-market open.
Cover price moves outside regular hours
Apply the 4% referral discount before your first trade to reduce cost on every fill.
EVENTCODEThe 4% discount only applies if the code is entered before your first trade.
New to the interface? See the perp guide. Not signed up yet? Start at Sign up.