By Keel Research Team · Updated October 3, 2026
Hyperliquid hosts 24/7 perpetual contracts on US single stocks and equity indices — NVDA, TSLA, SP500, Nasdaq-100, AAPL, MSFT, GOOGL, AMZN, META, COIN, MSTR, PLTR — deployed by HIP-3 builders on the xyz dex. 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 50x 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 on the source chain (Hyperliquid’s onboarding guide lists USDC; other assets arrive via Unit).
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 on the xyz dex). 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 on the market’s schedule — hourly on core Hyperliquid perps; a HIP-3 builder sets its own cadence, shown on the market page.
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 on the market’s schedule 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, 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.
The xyz dex lists 110 live markets as of the venue read below; the 12 Keel covers with a page of their own, with each market’s live cap and margin mode:
Venue facts read from Keel’s instrument table Oct 3, 2026, 00:03 UTC (hourly sync of Hyperliquid market metadata) · last listing change observed Oct 3, 2026, 00:00 UTC.
For the full coverage page, see Stock perpetuals on Hyperliquid →
Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest, iterate on, 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 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 and can change. Across the 110 live markets on the xyz dex the caps currently range from 5x to 50x — for example NVDA 20x, TSLA 20x, SP500 50x, Nasdaq-100 30x. 3 of the 12 markets Keel covers are isolated-margin only. 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 anchor the perp price to the underlying — hourly on core Hyperliquid perps, on the builder’s schedule for a HIP-3 market. 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.