Liquidiction
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Stock Index Perpetual Futures

Take positions on entire stock-market indices like the S&P 500 and KOSPI 200, 24/7.

Index perpetuals on Hyperliquid let you express a view on a whole equity market in one trade. Available indices include the S&P 500, Nasdaq 100, KOSPI 200, Hang Seng, FTSE 100, and DAX, with 24/7 trading and on-chain settlement.

All indices perpetuals on Hyperliquid

Deployer
SP500
S&P 500$7,730.4
SP500 · US-0.40%
$210M 24h · xyz50x
XYZ100
XYZ 100$29,588
XYZ100 · US-0.46%
$180M 24h · xyz30x
JP225
JP225$67,224
JP225+0.27%
$2.4M 24h · xyz20x
US500
US500$770.77
US500-0.40%
$1.7M 24h · mkts25x
KR200
KOSPI 200$1,030.7
KR200 · ASIA+3.58%
$833k 24h · xyz20x

How indices perpetuals work

Index perpetuals reference the level of a stock-market index (e.g. S&P 500). You're not buying any underlying stock; you're posting margin against a contract whose price moves with the index.

Pricing is anchored to a front-month index-futures oracle so the perp tracks the same number traders see on professional terminals. Funding payments push the perp price toward that oracle hourly.

Settlement is on-chain in USDC on Hyperliquid. There's no contract roll, no exchange-specific account, and no minimum trade size beyond what Hyperliquid's perp engine enforces.

Frequently asked questions

How is this different from buying an index ETF?
An ETF is a regulated security you buy through a brokerage; you own a slice of a fund that holds stocks. An index perpetual is a derivative that tracks the same index but doesn't give you ownership in any underlying stock. Perpetuals allow leverage and 24/7 trading; ETFs trade only in market hours but pay dividends.
What index does the price track?
Each index perpetual references a specific underlying index (e.g. S&P 500 = SPX). Hyperliquid uses a futures-index oracle to keep the perpetual aligned with the live index level via the hourly funding mechanism.
What is a perpetual future?
A perpetual future is a contract that lets you bet on the price of an asset without owning it and without an expiration date. Unlike traditional futures, perpetuals never expire, so you can hold a position as long as you can pay funding and maintain margin. The price is kept in line with the underlying asset by a funding-rate mechanism.
What are funding rates?
Funding rates are small periodic payments between long and short traders that keep the perpetual price aligned with the underlying spot price. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. Hyperliquid charges funding hourly.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend; we never take possession of your funds. You sign transactions from your own wallet.
How is Liquidiction related to Hyperliquid?
Liquidiction is an independent frontend built on top of the Hyperliquid exchange. We aggregate Hyperliquid markets, surface analytics, and route trades through Hyperliquid as a builder code. We are not affiliated with the Hyperliquid Foundation.
Is this investment advice?
No. Nothing on this site is investment, legal, or tax advice. Perpetual futures are leveraged products and you can lose more than your initial margin. Do your own research and only trade with capital you can afford to lose.

Related categories

U.S.AsiaEurope

Liquidiction is a non-custodial frontend interface for the Hyperliquid decentralized exchange. We display markets and route user-initiated orders to Hyperliquid; we do not operate an exchange, match orders, or take possession of user funds at any point. Perpetual futures are leveraged products and you can lose more than your initial margin. Nothing on this page is investment, legal, or tax advice. See our Terms and Privacy Policy.

Stock company data and earnings dates are sourced from Finnhub. Verify with the official issuer before trading.

Index Perpetual Futures · Trade S&P 500, KOSPI 200, Nasdaq 100