HIP-3 markets · Indices

Indices on Hyperliquid, live 24/7

These are the stock index perpetuals live on Hyperliquid, with the latest price, 24h change and volume for each. They trade 24/7, so you can see where traders price the market at night and at weekends, when the exchanges are closed.

By Keel Research Team · Updated October 15, 2026

How these markets work

An index perpetual tracks the level of a stock index without holding the shares and without expiring. While the index is calculated, an oracle feeds it to the market and funding keeps the perp close to it. The rest of the time, trading on Hyperliquid sets the price.

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Strategies on these markets are coming soon

Keel is a strategy builder for Hyperliquid. Building, backtesting and running strategies on HIP-3 markets is coming soon. Sign up, and we’ll email you when HIP-3 strategies are supported. Until then you can build and test strategies on Hyperliquid’s crypto perps. Start free.

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Questions

Can I trade the S&P 500 on Hyperliquid?

Yes, as a perpetual contract. The S&P 500 perp tracks the index and trades 24/7, with leverage and hourly funding. Its live price and funding rate are on its page.

Do index perps trade at the weekend?

Yes. They trade 24/7 on Hyperliquid, so they keep moving when the stock exchanges are closed. When the index is calculated again, funding pulls each perp back toward it.

Can I build strategies on these markets with Keel?

Not yet. Keel is a strategy builder for Hyperliquid. Support for HIP-3 markets is coming soon. Sign up, and we'll email you when HIP-3 strategies are supported. Today you can build and test strategies on Hyperliquid's crypto perps.