By Keel Research Team · Updated May 12, 2026
Hyperliquid hosts 24/7 perpetual contracts on US single stocks and equity indices — NVDA, TSLA, AAPL, MSFT, S&P 500, Nasdaq-100 — deployed by HIP-3 builders TradeXYZ and Felix. Connect a wallet, fund the exchange, place a perp trade. No brokerage account, no market hours.
You can trade Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Microsoft (MSFT), the S&P 500, and the Nasdaq-100 as perpetual contracts on Hyperliquid — 24/7, on-chain, self-custodial, with up to 30x leverage. The mechanics differ meaningfully from buying the stock through a brokerage: you hold a perpetual futures position, not the underlying share, and the contract is settled in stablecoin on a public chain rather than in USD with a broker-dealer.
The route below is the shortest path from "I want to trade stocks on Hyperliquid" to "I have a position open" — three steps, no centralized account, no brokerage approval.
Install a wallet that supports the chains Hyperliquid uses — most commonly Arbitrum One for USDC bridging. MetaMask, Rabby, and Phantom (multi-chain) all work. Fund it with USDC or USDT on the source chain.
Visit app.hyperliquid.xyz and connect your wallet. Bridge USDC from Arbitrum into Hyperliquid’s exchange wallet — this is your margin. There is no signup, no email, no KYC enrollment with Hyperliquid itself.
Navigate to a single-stock perp market (e.g. xyz:NVDA via TradeXYZ). Choose long or short, set size and leverage, place a market or limit order. The position is open the moment the order fills — including overnight, weekends, and US holidays. Funding settles every hour.
A HIP-3 stock perpetual on Hyperliquid is a perpetual futures contract — not a share. Its reference price tracks the underlying equity via an oracle during US market hours, then floats on the Hyperliquid order book overnight, weekends, and holidays. Funding rates settle hourly and pull the perp price back toward the oracle.
Practical implications:
Brokerages are custodial — they hold your shares, settle trades in USD, and operate inside US market regulation. Hyperliquid is non-custodial — you hold the keys, settlement is on-chain in USDC or USDH, and the protocol is permissionless. Trading hours, leverage, asset list, and risk profile all differ.
For a side-by-side breakdown, see Hyperliquid vs Robinhood: trading stocks.
Six priority markets are live as of May 2026, with more coming as HIP-3 builders deploy new symbols. Each market has its own page on Keel:
For the full coverage page, see Stock perpetuals on Hyperliquid →
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest, optimize, and run live strategies across single-stock perps, indices, and crypto majors — realistic fees, slippage, and funding modeled.
Free to start — connect a Hyperliquid wallet when you’re ready to go live.
Yes. Hyperliquid perpetuals trade continuously, including overnight, weekends, and US market holidays. Stock perps on Hyperliquid track their underlying via an oracle during US market hours, then float on the Hyperliquid order book the rest of the time. You can open or close a position at any moment of any day.
Hyperliquid itself is non-custodial and does not require an account. You connect a wallet — the keys never leave your control. HIP-3 builders (TradeXYZ, Felix) operate the equity-perp markets under their own terms, which may include jurisdictional restrictions; consult their documentation. There is no centralized KYC enrollment to use the exchange.
Leverage is set per market by the HIP-3 builder. As of mid-2026, TradeXYZ single-stock perps cap at 20x (e.g. NVDA, TSLA, AAPL) or 10x (e.g. MSFT). The Nasdaq-100 perp (XYZ100) caps at 30x. The S&P 500 perp (xyz:SP500) caps at 20x. Confirm the live cap on each market page before trading.
Stock perps give 24/7 directional exposure with leverage and on-chain settlement, but no dividends, no voting rights, and no actual share ownership. Funding rates (paid hourly) anchor the perp price to the underlying. Use perps for short-to-medium-horizon directional trades, hedging, or paired strategies; use a brokerage for long-term holding.
Yes. Hyperliquid is non-custodial — funds sit in a wallet you control, with on-chain settlement. There is no centralized custodian holding your assets. Standard wallet-security practice applies: protect your private key or seed phrase, beware of phishing, and consider a hardware wallet for larger balances.
How perpetual futures work, applied to single stocks and equity indices on Hyperliquid — oracle pricing, funding, off-hours behavior.
Side-by-side comparison of trading stocks on Hyperliquid vs Robinhood — hours, leverage, custody, fees, accessibility.
Full listing of HIP-3 equity perps live on Hyperliquid — venue comparison, leverage caps, builder details.