By Keel Research Team · Updated October 15, 2026
US500 on Hyperliquid is a perpetual contract that tracks 500 of the largest US companies by market capitalisation, across every major sector. Its live price is below. It trades 24/7, so you can see where traders price the US 500 at night and at weekends, when the US stock market is closed.
Right now: US500 at $772.09, funding -0.0005% an hour (shorts pay longs), as of Oct 16, 2026, 02:56 UTC.
As of Oct 16, 2026, 02:56 UTC, from Keel’s record of Hyperliquid market data. The US stock market was closed at that time. US500 kept trading on Hyperliquid, so this price was set by traders there.
Venue facts read from Keel’s instrument table Oct 16, 2026, 02:58 UTC (hourly sync of Hyperliquid market metadata) · last listing change observed Oct 14, 2026, 11:00 UTC.
Hyperliquid lists US500 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 500 price to US500, 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 US500 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 US500 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.
Keel is a strategy builder for Hyperliquid. Describe an idea, backtest it with fees, slippage and funding, and run it live.
US500 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 US500 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 500.
An index fund owns the shares and trades during exchange hours. US500 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.
US500 on the mkts dex offers up to 25x 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.