Equity Perps on Hyperliquid - Trade 40+ Stocks 24/7 via trade.xyz

trade.xyz

The Arrival of Equity Perps

Stock markets operate Monday through Friday, 9:30 AM to 4:00 PM Eastern Time. For the other 128 hours of the week - plus holidays - traditional equity markets are closed.

Hyperliquid's infrastructure is changing that. Equity perpetual contracts - deployed via HIP-3 builder codes on trade.xyz - let you trade price exposure to stocks and indices 24 hours a day, 7 days a week, with no broker, no KYC, and instant USDC settlement.

This is not hypothetical or experimental. It is an extension of the same thesis that made Hyperliquid's commodity perps - like silver and oil - some of the highest-volume markets on the platform. Traditional assets, traded with crypto infrastructure.

How Equity Perps Work

Equity perpetuals on trade.xyz are HIP-3 builder-deployed perps running on Hyperliquid's HyperCore. They are structurally similar to the crypto perpetual contracts you may already trade, but with important distinctions.

Price Tracking

Equity perps use oracle prices derived from real-world stock exchanges. The contract tracks the price of the underlying stock or index. A funding rate mechanism keeps the perpetual price anchored to the reference price - the same system used for all perps on the platform.

Available Tickers on trade.xyz

The trade.xyz equity lineup expanded substantially in May 2026 - 40+ tickers now span US mega caps, AI and chips, Korean stocks, biotech, country ETFs, and global indices.

Indices

Index perps such as KR200 give you the whole board in one position, which is a simpler way to trade a regional move than picking a single listed company and hoping it follows the index.

Mega-Cap Tech & Software

AI, Semiconductors & Hardware

Crypto-Adjacent

Korean Stocks

Consumer, Finance & Other

Country & Sector ETFs

The XYZ100 is a synthetic index tracking the Nasdaq 100 and is the highest-volume equity product. In March 2026, trade.xyz launched the official S&P 500 perpetual (ticker: SP500) - licensed directly by S&P Dow Jones Indices - with up to 50x leverage. The May 2026 expansion added Korean equity heavyweights - you can now trade Samsung (SMSN) as an equity perp directly - alongside country ETFs, biotech, AI infrastructure plays like the ability to trade CoreWeave (CRWV) as a perpetual, and what began as the first pre-IPO equity perp - SPCX (SpaceX), which priced the company's record June 12 Nasdaq listing and now trades the public stock 24/7. Mega-cap demand leads the book - you can trade Apple (AAPL) as a perp on Hyperliquid around the clock - and the EV cohort is represented by Rivian (RIVN) equity perpetuals for traders who want leveraged exposure to the electric-vehicle cycle. Live prices and volumes for select tickers are shown at the top of this page. For a full explainer on how the venue works — oracle pricing, funding, and first-hand notes on trading a Micron (MU) perpetual off-hours — see our Hyperliquid XYZ explained guide. For currency pairs trading alongside these equities, see our FX perpetuals guide. The tables above are the headline names rather than the whole book. Chip-design licensing, for one, is covered by ARM Holdings on Hyperliquid, whose royalties sit underneath most of the mobile silicon the other tickers here design and sell.

For what those doubled fees add up to in practice, and how they compare against the funding bill on the same markets, see our measurement of what Hyperliquid perps actually cost.

Key Differences from Owning Stock

Margin and Leverage

Equity perps on trade.xyz historically used isolated margin only. However, with the introduction of unified accounts and HIP-3 cross margin, eligible trade.xyz markets can now share margin with your other cross-margined positions. Check each market's margin mode selector to see whether cross margin is available. Margin is denominated in USDC.

The same risk management practices apply: use stop-losses, size appropriately, and do not over-leverage. Because the oracle keeps marking through the weekend while the cash market is shut, the margin math is worth understanding before you size a position. Our guide to what happens when an equity perp position is liquidated walks through the maintenance-margin threshold and the partial-close mechanism that runs first, and the non-crypto perps reference works out what the weekend itself costs in funding.

HIP-3 Fee Structure

Because equity perps are HIP-3 builder-deployed, their fee structure differs from native Hyperliquid perps.

Base Fees

Fee figures are Hyperliquid's published HIP-3 builder-market fee schedule. Live rates shown on each market page are measured from the Hyperliquid API.

These rates come from a deployer fee scale of 1.0, which doubles the native perp rate and splits the result 50/50 between trade.xyz and the protocol. Since August 2026 builders can set that scale anywhere from 0.1 to 3 and can set it per market, so a single venue could price AAPL differently from a thinly traded contract. trade.xyz currently runs 1.0 across all 109 of its markets, but the number is no longer fixed, and the HIP-3 explainer has the full table of what each scale costs a trader.

Growth Mode

trade.xyz offers a Growth Mode that can reduce these fees by 90% or more. Check app.trade.xyz for current fee tiers and Growth Mode eligibility.

Why Equity Perps Matter

24/7 Access to Global Markets

The most immediate advantage is time. Earnings drop after hours. Geopolitical events happen on weekends. Fed announcements create volatility that traditional after-hours markets handle poorly with wide spreads and thin liquidity. See our after-hours trading guide for a practical walkthrough of trading equities outside market hours.

On trade.xyz, you can react to any event at any time. The XYZ100 alone regularly exceeds $350M in daily volume - liquidity is real and available around the clock.

No Intermediaries

Trading stocks traditionally involves a chain of intermediaries: your broker, a clearing house (NSCC), a depository (DTCC), and the ultimate holder of record (Cede & Co). Settlement takes one full business day (T+1). This system works, but it adds layers of counterparty risk and delay.

On Hyperliquid's HyperCore, settlement is atomic. Your trade, your margin, your PnL - all resolved on-chain in real time. Self-custody from start to finish.

Global Access

Traditional stock markets require brokerage accounts that impose KYC, geographic restrictions, and minimum balances. International investors who want exposure to US equities face particularly high barriers - currency conversion, international wire fees, and limited broker availability.

Equity perps on trade.xyz are accessible from any wallet, anywhere. Deposit USDC via our deposit guide and start trading.

How to Trade Equity Perps on trade.xyz

Equity perps are accessed through the trade.xyz interface, not the main Hyperliquid trading UI.

1Fund Your Account

You need USDC on Hyperliquid. If you have not deposited yet, follow our deposit guide. New to Hyperliquid entirely? Our beginner's guide to trading stocks on Hyperliquid walks through the full wallet-to-first-trade flow from scratch.

2Open trade.xyz

Navigate to app.trade.xyz and connect your wallet. Since trade.xyz runs on Hyperliquid's HyperCore, it uses the same wallet and USDC balance you already have on Hyperliquid.

3Find the Equity Pair

Use the asset selector on trade.xyz to browse available equity perps. You will see 40+ tickers spanning US mega caps (NVDA, AAPL, TSLA, GOOGL), AI and chips (AMD, TSM, MU), Korean stocks (SMSN, SKHX, HYUNDAI), country ETFs (EWJ, EWY, EWZ, XLE), biotech (LLY, HIMS), and indices (XYZ100, SP500, JP225, KR200, VIX). These are listed on the trade.xyz interface - they do not appear in the main Hyperliquid asset selector.

4Place Your Trade

Select your order type, set your leverage, and execute. Remember that equity perps on trade.xyz use isolated margin only. For a full walkthrough of order types, see our trading guides. You can also explore third-party trading tools for enhanced charting, analytics dashboards, and mobile apps — including charting equity perps on TradingView with the HIP3XYZ: prefix — or follow top equity perp traders through copy trading.

The Bigger Picture: Finance Is Moving On-Chain

Equity perps on trade.xyz are not just a feature - they are a signal of where finance is heading.

When Bloomberg needed a reference price for oil during the Iran attacks because traditional markets were closed, they used Hyperliquid. When silver became the #2 volume market on the platform, it proved demand for traditional assets on crypto infrastructure.

Equity perps are the next logical step. The XYZ100 doing $356M in daily volume proves the demand is real. At some point, getting leveraged exposure to any asset will not require market hours, settlement delays, or a 20-page brokerage application. You will just trade it.

Hyperliquid's HIP-3 infrastructure makes this possible by letting builders like trade.xyz deploy and manage specialized markets on HyperCore. The infrastructure is live, the liquidity is real, and traditional finance is taking notice. For a deeper look at this shift, see our analysis of why Hyperliquid is replacing traditional markets.

Equity perps are one instrument among several, and they behave differently from the native crypto markets most traders start on. If you are working out which part of the platform fits what you are trying to do, our full set of Hyperliquid trading guides covers order types, leverage, funding, commodities, and the HIP-3 venues side by side.