Trade S&P 500 (US500) Perpetual Futures

S&P 500 (US500) perpetual futures are derivative contracts that let you speculate on the price of S&P 500 index without an expiry date. Unlike traditional futures, perpetuals never settle - they use a funding rate mechanism to keep the contract price close to the spot price. On Hyperliquid, you can trade US500 perps 24/7 with leverage, fully on-chain and self-custodial.

To trade S&P 500 (US500) with leverage: 1) Connect your wallet to Beacon or the Hyperliquid DEX, 2) Deposit USDC as margin collateral, 3) Select US500 from the available markets, 4) Choose your leverage level (up to 25x), 5) Set your position size and direction (long or short), and 6) Execute your trade. Beacon provides additional tools like trading signals and market intelligence to help inform your decisions.

Yes. Unlike traditional index markets that have limited trading hours, S&P 500 perpetual futures on Hyperliquid trade around the clock, 24 hours a day, 7 days a week, including weekends and holidays. This means you can react to breaking news and global events in real-time, without waiting for market opens.

US500 perpetual futures on Hyperliquid offer up to 25x leverage. You can choose isolated margin mode to limit risk to a specific position. Higher leverage amplifies both potential gains and losses - always use proper risk management and consider starting with lower leverage.

Funding rates are periodic payments between long and short traders that keep the US500 perpetual futures price anchored to the underlying index price. When the funding rate is positive, longs pay shorts (indicating bullish sentiment). When negative, shorts pay longs (indicating bearish sentiment). Funding is typically settled every 8 hours on Hyperliquid. The current US500 funding rate is 0.0006%.