Equity Perps on Hyperliquid — Trade Stocks 24/7 via 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 includes major US-listed stocks and a synthetic index:

The XYZ100 is a synthetic index tracking the Nasdaq 100 and is by far the highest-volume equity product. Live prices and volumes for select tickers are shown at the top of this page.

Key Differences from Owning Stock

Margin and Leverage

Equity perps on trade.xyz use isolated margin only — each position has its own dedicated margin, separate from your other positions. This differs from native Hyperliquid perps, which support both cross and isolated margin. Margin is denominated in USDC.

The same risk management practices apply: use stop-losses, size appropriately, and do not over-leverage.

HIP-3 Fee Structure

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

Base Fees

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.

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? Start with the complete beginner guide.

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 tickers like NVDA, TSLA, AAPL, and the XYZ100 index. 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.

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.