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
 S&P 500 SP500· US | $7,450.9 | +0.77% | $323M | -0.0002% | 50x | Trade |
 US500 US500 | $742.54 | +0.75% | $8.6M | -0.0048% | 25x | Trade |
 USA500 USA500 | $7,458.04 | +0.78% | $7.8M | +0.0001% | 20x | Trade |
 KOSPI 200 KR200· ASIA | $1,219.5 | +6.29% | $297k | +0.0067% | 20x | Trade |
 JP225 JP225 | $63,411 | +1.38% | $297k | -0.0006% | 20x | Trade |
USA500 USA500 | $7,462.5 | +0.77% | $58k | -0.0001% | 30x | Trade |
 USA100 USA100 | $29,432 | +1.09% | $1.0k | +0.0008% | 30x | Trade |
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.