Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale
Price-discovery chart
Solid line = the referenced cash market is in session / dotted line = outside the session (overnight and weekends); both show the same perpetual-futures reference value (line styles are not distinguished at narrow display widths). About the data
Saved open interest, contract count
Saved funding rate, per-hour decimal
A stock index made up of 500 companies listed in the United States.
Source: Hyperliquid · Last updated · Perpetual-futures reference value
Cash New York: 09:30–16:00. When closed: perpetual-futures reference. Hyperliquid xyz perpetual-futures reference.
How to read the chart
Reference chart of Hyperliquid perpetual-futures candles for S&P 500, not the official cash-market chart.
Reference value and method
How the numbers and formulas on this page work: Symbol page guide.
S&P 500 is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.
Observed value at 2026-09-27 22:04 UTC
- Asset class
- Index perpetual-futures reference
- Source
- Hyperliquid / xyz:SP500
- Price unit
- Index-point equivalent
- Reference value
- 7730.05
- 24h
- +0.05%
- Method
- Use the mid price; use the mark price only when no mid price can be obtained
- Referenced contracts
- xyz:SP500
- Observed time
- Saved observation
Ratio = 7730.05 / 7726.0 − 1 = +0.05% (shown as a percentage, rounded to two decimal places).
Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.
This site does not provide investment advice.
Range position
2026-03-18 – 2026-10-08 · 205 daily candles (settled only). Daily candles are 24-hour perpetual-futures values, not official exchange closes.
- Low for this period
- 6,311.1 (2026-03-31)
- High for this period
- 7,843.2 (2026-10-06)
- Position
- 92.6%
- Reference used for position
- 7730.05
- Observed at
Highs and lows after the collection period are not included.
About this symbol
The index is made up of 500 companies listed in the United States. It is weighted by free-float market capitalization. The S&P 500 Index is a product of S&P Dow Jones Indices LLC.
Sources: trade[XYZ] (contract issuer), trade[XYZ] (contract issuer).
As of 31 December 2025, Semiconductors & Semiconductor Equipment had the highest industry weight at 14.19%, while Software & Services ranked 2nd at 11.29%. The discount rate is updated with an exponential moving average having a 1-hour time constant. The perpetual futures contract allows maximum leverage of 50 times and a price band of 2% above or below the reference price. All of the above is from SPDR S&P 500 ETF Trust and trade[XYZ].
Sourced explanations (17)
Explanations may include summaries and translations. Follow the source links for the original text.
Composition and methodology
-
The index is made up of 500 companies listed in the United States. It is weighted by free-float market capitalization. From the contract specification, retrieved 23 August 2026.
Source: trade[XYZ] (contract issuer)
-
The S&P 500 Index is a product of S&P Dow Jones Indices LLC. That company has licensed it to the venue that issues this perpetual contract. From the contract specification, retrieved 23 August 2026.
Source: trade[XYZ] (contract issuer)
-
During the cash session the spot index value is used directly. Outside it, the futures price is discounted to an implied spot value. From the contract specification, retrieved 23 August 2026.
Source: trade[XYZ] (contract issuer)
-
Spot index values are available from 9:30 to 16:00 ET. Index futures quotes are available from Sunday 18:00 to Friday 17:00 ET. From the contract specification, retrieved 23 August 2026.
Source: trade[XYZ] (contract issuer)
-
S&P Dow Jones Indices LLC determines, composes and calculates the index. It licenses the index to the contract issuer. From the contract issuer's disclaimer page, retrieved 24 August 2026.
Source: trade[XYZ] (contract issuer)
-
The index level is the aggregate float-adjusted market capitalization of 500 companies divided by a factor called the divisor. Calculation is overseen by the S&P Index Committee. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
-
The divisor is adjusted whenever shares outstanding or constituents change, preventing a step change in the index level. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
-
There were 23 constituent-company changes in 2025. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
-
Since 1968, the index has been a component of the U.S. Commerce Department's economic indicator that precedes changes in the business cycle. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
-
Outside cash-market hours, futures are discounted by a rate derived from the difference between cash and futures prices. The rate is updated with an exponential moving average having a 1-hour time constant. From the oracle specification retrieved 25 August 2026.
Source: trade[XYZ]
Contract and trading hours
-
External pricing runs from Sunday 18:00 ET to Friday 17:00 ET. A maintenance window applies from 17:00 to 18:00 ET, Monday through Thursday. From the contract specification, retrieved 23 August 2026.
Source: trade[XYZ] (contract issuer)
-
A multiplier of 0.5 is applied to this contract's funding rate. The formula before the multiplier is the same one Hyperliquid uses. From the contract specification, retrieved 24 August 2026.
Source: trade[XYZ] (contract issuer)
-
Mark-price moves are limited to a band of 2% around a reference price. While no external price is available, the reference may be re-anchored up to 1 time(s) in each direction. From the contract specification, retrieved 24 August 2026.
Source: trade[XYZ] (contract issuer)
-
Trading follows the futures holiday closures. The contract issuer publishes the closure schedule separately. From the contract specification, retrieved 24 August 2026.
Source: trade[XYZ] (contract issuer)
-
The perpetual futures contract allows maximum leverage of 50 times. Its price band is 2% above or below the reference price. From the contract specification retrieved 25 August 2026.
Source: trade[XYZ]
Basic information
-
Constituents change several times each quarter because of mergers, acquisitions, bankruptcies, or failure to meet the criteria. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
Business and products
-
As of 31 December 2025, Semiconductors & Semiconductor Equipment had the highest industry weight at 14.19%. Software & Services ranked 2nd at 11.29%. From the SPY prospectus dated 26 January 2026.
Source: SPDR S&P 500 ETF Trust
Market observations Retrieved: 2026-09-27 22:04 UTC
24h volume Retrieved: 2026-09-27 22:04 UTC
- Notional (USDC)
- 55,774,748.33
- Contracts
- 7,213.164
- Nominal / quantity
- 7,732.355500Notional ÷ contracts, using the values before rounding; rounded to six decimal places
Open interest (OI) Retrieved: 2026-09-27 22:04 UTC
- Open interest (contracts)
- 44,328.768
- Mark price
- 7730.2
- Notional (contracts × mark price)
- 342,670,242.39Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places
Funding rate Retrieved: 2026-09-27 22:04 UTC
Funding: Hourly -0.0000039751 = -0.00039751% (shown as a percentage); ×24 (daily conversion) = -0.00954024%; ×24×365 (365-day conversion) = -3.4821876% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is negative).
- Hourly
- -0.0000039751As a percentage: -0.00039751%
- ×24 (daily conversion)
- -0.00954024%
- ×24×365 (365-day conversion)
- -3.4821876%
Hyperliquid field names and values before rounding: notional = dayNtlVlm 55774748.3264996782 USDC; contracts = dayBaseVlm 7213.164; open interest = openInterest 44328.768 contracts; mark price = 7730.2; hourly funding rate = funding -0.0000039751.
Daily observation log (67 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC
Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 0/67 · Missing dates: 4
Show 67 saved daily records
Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.
Scroll horizontally to see all columns.
| Observed at (UTC) | Mid price | Previous-day reference | vs previous-day reference | Open interest | 24h notional volume (USDC) |
|---|---|---|---|---|---|
| 7754.65 | 7756.7 | -0.03% | 60353.818 | 47987862.8106000051 | |
| 7746.75 | 7757.9 | -0.14% | 63548.162 | 75215841.9956999868 | |
| 7753.75 | 7743.0 | +0.14% | 61537.088 | 214390751.3829999566 | |
| 7728.25 | 7752.5 | -0.31% | 60829.376 | 221088046.6854000092 | |
| 7745.95 | 7731.7 | +0.18% | 67039.318 | 201548118.6288999915 | |
| 7802.55 | 7745.3 | +0.74% | 69754.336 | 305544565.3212999701 | |
| 7777.3 | 7800.3 | -0.29% | 65605.442 | 211696062.6542000175 | |
| 7776.8 | 7779.1 | -0.03% | 66426.434 | 36665302.5403000116 | |
| 7743.55 | 7788.4 | -0.58% | 64903.48 | 206729661.299399972 | |
| 7690.65 | 7743.4 | -0.68% | 64929.882 | 316075752.9016000628 | |
| 7715.65 | 7690.4 | +0.33% | 64003.804 | 382746861.6385998726 | |
| 7643.95 | 7719.4 | -0.98% | 60697.252 | 236239805.0391000211 | |
| 7685.75 | 7644.2 | +0.54% | 55341.536 | 216096315.5872999132 | |
| 7667.65 | 7690.2 | -0.29% | 55715.102 | 48786314.5037999973 | |
| 7666.15 | 7669.9 | -0.05% | 56835.252 | 78004981.9493999779 | |
| 7654.55 | 7665.5 | -0.14% | 57782.208 | 241712456.546900034 | |
| 7676.35 | 7655.6 | +0.27% | 57681.816 | 119663304.9337999672 | |
| 7717.55 | 7675.5 | +0.55% | 57671.366 | 135446231.0920000076 | |
| 7718.35 | 7716.3 | +0.03% | 51518.326 | 225044418.1130000055 | |
| 7709.75 | 7717.8 | -0.10% | 49591.856 | 190649370.2651000917 | |
| 7719.15 | 7712.8 | +0.08% | 49898.504 | 18824929.328600008 | |
| 7694.45 | 7718.0 | -0.31% | 50737.786 | 41713063.6955000088 | |
| 7692.85 | 7698.9 | -0.08% | 50406.352 | 165880228.7565000653 | |
| 7633.25 | 7690.9 | -0.75% | 51078.172 | 235560167.5812999308 | |
| 7664.5 | 7632.8 | +0.42% | 48562.936 | 161135348.1112000346 | |
| 7740.35 | 7667.9 | +0.94% | 44973.782 | 222487703.3782000244 | |
| 7713.15 | 7740.2 | -0.35% | 43214.052 | 140328150.345699966 | |
| 7729.7 | 7712.2 | +0.23% | 43071.784 | 24025136.0984999947 | |
| 7717.15 | 7728.8 | -0.15% | 43681.66 | 34212524.9435998574 | |
| 7641.65 | 7670.1 | -0.37% | 49737.8679999999 | 197237501.9302998483 | |
| 7596.95 | 7632.3 | -0.46% | 48697.2279999999 | 179344033.1176995039 | |
| 7651.85 | 7593.8 | +0.76% | 52057.094 | 238700630.2279999554 | |
| 7663.8 | 7651.2 | +0.16% | 52171.238 | 20352576.1192000136 | |
| 7623.55 | 7620.2 | +0.04% | 51303.292 | 274922054.4737000465 | |
| 7591.35 | 7624.0 | -0.43% | 52510.814 | 212951801.019299984 | |
| 7547.55 | 7592.6 | -0.59% | 51348.42 | 327083508.6909994483 | |
| 7630.65 | 7551.0 | +1.05% | 55574.096 | 325697413.7123001218 | |
| 7649.65 | 7631.4 | +0.24% | 55197.1520000001 | 316061812.5201995373 | |
| 7653.15 | 7653.3 | 0.00% | 55428.086 | 33139873.7833999842 | |
| 7648.15 | 7653.2 | -0.07% | 56276.032 | 59005578.1286002025 | |
| 7763.45 | 7644.2 | +1.56% | 55929.454 | 276107702.1111000776 | |
| 7762.15 | 7766.1 | -0.05% | 53179.88 | 221949964.1220999956 | |
| 7710.25 | 7756.4 | -0.59% | 52447.974 | 211866426.225500077 | |
| 7698.5 | 7703.5 | -0.06% | 47125.748 | 408476978.4573999643 | |
| 7742.95 | 7692.4 | +0.66% | 44183.734 | 200739553.2403998375 | |
| 7726.1 | 7742.6 | -0.21% | 43076.296 | 35629775.8153000101 | |
| 7730.05 | 7726.0 | +0.05% | 44328.768 | 55774748.3264996782 | |
| 7680.95 | 7736.5 | -0.72% | 45033.11 | 399545122.0850996375 | |
| 7685.35 | 7686.3 | -0.01% | 46640.006 | 188749554.0346000195 | |
| 7664.35 | 7681.2 | -0.22% | 45362.486 | 175503890.0172999501 | |
| 7671.65 | 7663.1 | +0.11% | 46631.69 | 350378832.2978997827 | |
| 7719.95 | 7671.4 | +0.63% | 44873.316 | 227878092.236199975 | |
| 7734.2 | 7720.0 | +0.18% | 45235.0 | 40440732.9325000122 | |
| 7730.65 | 7735.1 | -0.06% | 45314.8219999999 | 33514688.1049999893 | |
| 7779.5 | 7730.4 | +0.64% | 47386.448 | 217518929.7249991 | |
| 7826.9 | 7774.6 | +0.67% | 48921.614 | 202983807.0764000118 | |
| 7799.05 | 7825.2 | -0.33% | 47655.29 | 229472664.9091994464 | |
| 7767.05 | 7795.4 | -0.36% | 45007.512 | 234650581.6897998154 | |
| 7811.15 | 7767.5 | +0.56% | 47838.83 | 140846090.8835001588 | |
| 7811.55 | 7811.8 | 0.00% | 48201.61 | 22610975.2213999964 | |
| 7820.65 | 7811.5 | +0.12% | 48429.522 | 38315877.4339999482 | |
| 7807.45 | 7821.2 | -0.18% | 47225.308 | 163115555.2501001358 | |
| 7804.85 | 7801.8 | +0.04% | 50418.6940000001 | 166721651.2742006183 | |
| 7719.45 | 7803.3 | -1.07% | 48508.114 | 475166899.6760001183 | |
| 7743.25 | 7716.4 | +0.35% | 44600.68 | 433959183.7229008079 | |
| 7654.35 | 7738.4 | -1.09% | 43426.508 | 294473257.7816998363 | |
| 7612.55 | 7654.8 | -0.55% | 44728.0499999999 | 71487524.0463996232 |
Dates without a saved record in the displayed period: 2026-08-16, 2026-09-07, 2026-09-08, 2026-09-13.
Period range (67 records with a mid price)
Period range over 67 daily log rows: first mid price 7754.65; last mid price 7612.55; highest mid price in the period 7826.9; lowest mid price in the period 7547.55.
- First mid price2026-08-08 22:05:00.098 UTC
- 7754.65
- Last mid price2026-10-17 22:04:59.595 UTC
- 7612.55
- Highest mid price in the period2026-10-06 22:04:47.259 UTC
- 7826.9
- Lowest mid price in the period2026-09-16 22:04:52.425 UTC
- 7547.55
Market hours
| Trading hours | New York time 09:30-16:00 |
|---|---|
| Days | Weekdays. Check the related venue calendar for holidays. |
Other symbols in this group
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Frequently asked questions
Is this number the index itself?
It is not the index value itself. It is a reference value for a perpetual futures contract on the index. During the hours when the cash index is calculated, the contract references that index value. Outside those hours, it derives an index-equivalent value from index futures quotes.
Why does it move while the local market is closed?
Outside the hours when the cash index is calculated, an index-equivalent value is derived from index futures quotes. The calculation hours for each index are stated in “About this symbol.”
Who produces the index?
“About this symbol” identifies the organization that calculates and publishes the index. It is shown only for symbols where that information has been retrieved.
Is a list of index constituents available?
No. Constituents can change. “About this symbol” states only the rules and timing for constituent changes.