S&P 500 perpetual$7,450.7▲ +0.77%(+$56.90)
Trade S&P 500
↑ Long SP500↓ Short SP500Recent SP500 trades
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If you put in $100...
Practiceat 5× leverage$500 of SP500
1×50× max
If SP500 ↑ 10%
+$50
If SP500 ↓ 10%
−$50
Liquidated at −20%
Leverage cuts both ways. Real liquidations can fire before the thresholds shown here if maintenance margin is breached, so treat these as ballpark estimates rather than guarantees.
About
S&P 500 is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an aggregate market cap of more than $61.1 trillion as of December 31, 2025.
Worth knowing
Leverage cuts both ways.
- You can be liquidated in a single move if your losses exceed your collateral.
- Funding fees apply every hour, charged by whichever side is more crowded.
- You don't own SP500 or any underlying claim — no dividends, no voting rights.
Speaking the language
Hover any term for a one-line explanation.
perpetual ?leverage ?liquidated ?funding rate ?mark price ?long ?short ?collateral ?slippage ?
Frequently asked questions
How do I trade S&P 500 on Hyperliquid?
Click the Long or Short button on this page. You'll be taken to the Hyperliquid trade form for S&P 500 perpetual where you can size the position, set leverage, and place the order. Settlement is in USDC, on-chain.
What is a S&P 500 perpetual future?
A S&P 500 perpetual is a contract whose price tracks the underlying S&P 500 asset. It has no expiration date. You post margin in USDC and your profit or loss is the price difference between entry and exit, settled in USDC. The funding-rate mechanism keeps the perpetual price aligned with the underlying.
Do I own the underlying asset?
No. Trading a perpetual gives you exposure to the price; you don't own the underlying. You don't receive dividends, voting rights, or any claim on the asset. The position is purely a price bet settled in USDC.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend. You sign transactions from your own wallet.