By Keel Research Team · Updated October 15, 2026
SMALL2000 on Hyperliquid is a perpetual contract that tracks about 2,000 smaller US public companies, the small-cap part of the US stock market. Its live price is below. It trades 24/7, so you can see where traders price the US Small Cap 2000 at night and at weekends, when the US stock market is closed.
Live numbers for SMALL2000 are unavailable right now. The current price, open interest and funding are on the Hyperliquid market page.
Venue facts: last-known snapshot as of Oct 15, 2026, 01:48 UTC. The live read was unavailable; confirm on Hyperliquid before trading.
Hyperliquid lists SMALL2000 through HIP-3, which lets independent builders add markets to its order book. This one is run by the mkts builder and settles in USDC.
While the US stock market is open, an oracle feeds the US Small Cap 2000 price to SMALL2000, and funding pulls the perp toward it. After the close, at weekends and on holidays, trading on Hyperliquid sets the price. News that lands overnight can move SMALL2000 hours before the US stock market reopens, so the price can open away from the last close. When it reopens, the oracle picks up the new price and funding pulls the perp back toward it.
Funding is paid every hour between longs and shorts. When SMALL2000 trades above its reference price, longs pay shorts; below it, shorts pay longs. The rate for the next payment is in the live numbers above, and it adds up over a hold of several days.
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SMALL2000 and the other HIP-3 markets aren’t supported yet. 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, such as BTC and ETH. Start free.
The live price of SMALL2000 is at the top of this page, with the minute it was recorded. It trades 24/7, so when the US stock market is closed it shows where traders price the US Small Cap 2000.
An index fund owns the shares and trades during exchange hours. SMALL2000 is a perpetual contract on Hyperliquid: it owns nothing, never expires and trades 24/7. You can use leverage, and you pay or receive funding while you hold it.
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.
SMALL2000 on the mkts dex offers up to 20x leverage, read from the venue’s market metadata. The market can be held cross or isolated. Margin requirements scale with position size; the live cap and margin tiers are on the Hyperliquid market page.
Funding is computed from the gap between the perpetual price and an oracle reference: when the perp trades above the oracle, longs pay shorts; below, shorts pay longs. Hyperliquid settles funding every hour, on HIP-3 markets as on its core perps, and the rate for the next payment is in the live numbers on this page. The hourly rate is small but adds up over multi-day holds.
Hyperliquid perpetuals trade 24/7. Off-hours (overnight, weekends, holidays), the perp may diverge from the underlying spot price since traditional markets are closed and price discovery happens here. Funding pulls the perp back toward the oracle over time.
Yes. You connect a wallet (e.g. via Hyperliquid’s native UI or a builder app); keys never leave your control. Hyperliquid is a non-custodial exchange.