Last updated: 2026-05-04Last reviewed: 2026-05-04
Important distinction
A stock perp is a synthetic derivative. It is not a broker account, not a share certificate, and not ownership of the company named by the ticker.Direct answer
A stock perp is a perpetual futures-style contract whose oracle is intended to reference an equity or equity-like index. Traders get long or short price exposure through the perp, not ownership of the underlying stock.
Live stock perp screener
Stock perps on Hyperliquid
These are HIP-3 perpetual markets tagged as stocks by Hyperliquid public metadata. They are synthetic derivatives, not shares.
Live APIUpdated 0s ago
Stock markets
57
HIP-3 deployers
3
Open interest
$1.32B
24h volume
$1.29B
| Market | DEX | Mark | 24h | Funding | OI | Volume | OI cap | Leverage | |
|---|---|---|---|---|---|---|---|---|---|
XLE xyz:XLE | XYZ | 113.88 | +4.88% | -0.35 bps | $335.32M | $527.75M | $25M | 20x | Open |
RKLB xyz:RKLB | XYZ | 7,197.2 | -0.42% | +0.02 bps | $469.36M | $325.17M | $25M | 10x | Open |
SNDK xyz:SNDK | XYZ | 1,244 | +3.13% | -0.16 bps | $43.59M | $71.08M | $150M | 10x | Open |
MU xyz:MU | XYZ | 579.5 | +5.09% | +0.42 bps | $73.5M | $52.57M | $150M | 10x | Open |
CRCL xyz:CRCL | XYZ | 122.06 | +19.07% | +0.06 bps | $18.29M | $43.36M | $100M | 10x | Open |
NVDA xyz:NVDA | XYZ | 197.9 | -0.49% | +0.06 bps | $73.04M | $38.29M | $250M | 20x | Open |
INTC xyz:INTC | XYZ | 95.645 | -5.68% | +0.15 bps | $20.74M | $32.15M | $100M | 10x | Open |
MSTR xyz:MSTR | XYZ | 184.22 | +3.56% | +0.34 bps | $15.31M | $23.16M | $50M | 10x | Open |
PLTR xyz:PLTR | XYZ | 142.31 | -3.28% | +0.14 bps | $7.43M | $18.08M | $50M | 10x | Open |
TSLA xyz:TSLA | XYZ | 391.77 | -0.39% | +0.06 bps | $25.11M | $16.7M | $100M | 10x | Open |
MSFT xyz:MSFT | XYZ | 412.5 | -0.34% | +0.06 bps | $18.34M | $12.31M | $50M | 10x | Open |
HOOD xyz:HOOD | XYZ | 76.531 | +3.58% | +0.06 bps | $14.09M | $11.23M | $50M | 10x | Open |
COIN xyz:COIN | XYZ | 203.16 | +5.06% | +0.06 bps | $4.27M | $10.65M | $25M | 10x | Open |
META xyz:META | XYZ | 609.78 | -0.09% | +0.06 bps | $13.24M | $10.55M | $50M | 10x | Open |
GOOGL xyz:GOOGL | XYZ | 383.2 | -0.62% | +0.28 bps | $45.64M | $10.28M | $100M | 10x | Open |
ORCL xyz:ORCL | XYZ | 180.83 | +4.28% | +0.06 bps | $11.51M | $9.91M | $50M | 10x | Open |
AMZN xyz:AMZN | XYZ | 272.08 | +1.48% | +0.21 bps | $29.95M | $9.84M | $100M | 10x | Open |
AMD xyz:AMD | XYZ | 343.2 | -5.72% | +0.26 bps | $16.96M | $8.47M | $50M | 10x | Open |
DKNG xyz:DKNG | XYZ | 163.71 | +1.38% | +0.06 bps | $7.87M | $8.45M | $25M | 10x | Open |
HYUNDAI xyz:HYUNDAI | XYZ | 23.601 | -18.42% | +0.81 bps | $1.04M | $5.96M | $5M | 10x | Open |
AAPL xyz:AAPL | XYZ | 276.51 | -1.08% | +0.06 bps | $10.91M | $5.48M | $50M | 20x | Open |
CRWV xyz:CRWV | XYZ | 1,948.8 | -2.84% | +0.06 bps | $5.38M | $5.3M | $25M | 10x | Open |
TSM xyz:TSM | XYZ | 400.59 | -0.29% | +0.06 bps | $8.06M | $5.2M | $50M | 10x | Open |
SKHX xyz:SKHX | XYZ | 986.16 | +6.73% | -0.25 bps | $16.55M | $3.89M | $50M | 10x | Open |
BABA xyz:BABA | XYZ | 134.21 | +1.64% | +0.14 bps | $4.74M | $2.74M | $25M | 10x | Open |
URNM xyz:URNM | XYZ | 25.575 | -4.49% | +0.19 bps | $1.34M | $2.59M | $25M | 10x | Open |
RIVN xyz:RIVN | XYZ | 14.58 | -3.99% | +0.06 bps | $1.24M | $2.57M | $25M | 10x | Open |
PLTR km:PLTR | Markets by Kinetiq | 579.28 | +4.88% | +0.13 bps | $4.22M | $2.3M | $10M | 12x | Open |
DRAM xyz:DRAM | XYZ | 977.54 | +0.99% | +0.86 bps | $1.6M | $1.51M | $25M | 20x | Open |
MRVL xyz:MRVL | XYZ | 27.203 | -1.87% | +1.29 bps | $4.58M | $1.51M | $25M | 10x | Open |
XYZ
XLE
xyz:XLE
113.88
+4.88%
Funding
-0.35 bps
OI
$335.32M
Volume
$527.75M
XYZ
RKLB
xyz:RKLB
7,197.2
-0.42%
Funding
+0.02 bps
OI
$469.36M
Volume
$325.17M
XYZ
SNDK
xyz:SNDK
1,244
+3.13%
Funding
-0.16 bps
OI
$43.59M
Volume
$71.08M
XYZ
MU
xyz:MU
579.5
+5.09%
Funding
+0.42 bps
OI
$73.5M
Volume
$52.57M
XYZ
CRCL
xyz:CRCL
122.06
+19.07%
Funding
+0.06 bps
OI
$18.29M
Volume
$43.36M
XYZ
NVDA
xyz:NVDA
197.9
-0.49%
Funding
+0.06 bps
OI
$73.04M
Volume
$38.29M
XYZ
INTC
xyz:INTC
95.645
-5.68%
Funding
+0.15 bps
OI
$20.74M
Volume
$32.15M
XYZ
MSTR
xyz:MSTR
184.22
+3.56%
Funding
+0.34 bps
OI
$15.31M
Volume
$23.16M
XYZ
PLTR
xyz:PLTR
142.31
-3.28%
Funding
+0.14 bps
OI
$7.43M
Volume
$18.08M
XYZ
TSLA
xyz:TSLA
391.77
-0.39%
Funding
+0.06 bps
OI
$25.11M
Volume
$16.7M
XYZ
MSFT
xyz:MSFT
412.5
-0.34%
Funding
+0.06 bps
OI
$18.34M
Volume
$12.31M
XYZ
HOOD
xyz:HOOD
76.531
+3.58%
Funding
+0.06 bps
OI
$14.09M
Volume
$11.23M
XYZ
COIN
xyz:COIN
203.16
+5.06%
Funding
+0.06 bps
OI
$4.27M
Volume
$10.65M
XYZ
META
xyz:META
609.78
-0.09%
Funding
+0.06 bps
OI
$13.24M
Volume
$10.55M
XYZ
GOOGL
xyz:GOOGL
383.2
-0.62%
Funding
+0.28 bps
OI
$45.64M
Volume
$10.28M
XYZ
ORCL
xyz:ORCL
180.83
+4.28%
Funding
+0.06 bps
OI
$11.51M
Volume
$9.91M
XYZ
AMZN
xyz:AMZN
272.08
+1.48%
Funding
+0.21 bps
OI
$29.95M
Volume
$9.84M
XYZ
AMD
xyz:AMD
343.2
-5.72%
Funding
+0.26 bps
OI
$16.96M
Volume
$8.47M
XYZ
DKNG
xyz:DKNG
163.71
+1.38%
Funding
+0.06 bps
OI
$7.87M
Volume
$8.45M
XYZ
HYUNDAI
xyz:HYUNDAI
23.601
-18.42%
Funding
+0.81 bps
OI
$1.04M
Volume
$5.96M
XYZ
AAPL
xyz:AAPL
276.51
-1.08%
Funding
+0.06 bps
OI
$10.91M
Volume
$5.48M
XYZ
CRWV
xyz:CRWV
1,948.8
-2.84%
Funding
+0.06 bps
OI
$5.38M
Volume
$5.3M
XYZ
TSM
xyz:TSM
400.59
-0.29%
Funding
+0.06 bps
OI
$8.06M
Volume
$5.2M
XYZ
SKHX
xyz:SKHX
986.16
+6.73%
Funding
-0.25 bps
OI
$16.55M
Volume
$3.89M
XYZ
BABA
xyz:BABA
134.21
+1.64%
Funding
+0.14 bps
OI
$4.74M
Volume
$2.74M
XYZ
URNM
xyz:URNM
25.575
-4.49%
Funding
+0.19 bps
OI
$1.34M
Volume
$2.59M
XYZ
RIVN
xyz:RIVN
14.58
-3.99%
Funding
+0.06 bps
OI
$1.24M
Volume
$2.57M
Markets by Kinetiq
PLTR
km:PLTR
579.28
+4.88%
Funding
+0.13 bps
OI
$4.22M
Volume
$2.3M
XYZ
DRAM
xyz:DRAM
977.54
+0.99%
Funding
+0.86 bps
OI
$1.6M
Volume
$1.51M
XYZ
MRVL
xyz:MRVL
27.203
-1.87%
Funding
+1.29 bps
OI
$4.58M
Volume
$1.51M
Stock perps can trade outside traditional equity-market hours and can diverge from the referenced stock because of funding, liquidity, oracle updates, market halts, corporate actions, or deployer settings.
How to think about the risk
- Funding can make a position expensive to hold even if the price is flat.
- Basis can open between the perp and the underlying equity reference price.
- Oracle quality matters because the perp needs a reliable external reference.
- Liquidity can differ sharply from the underlying stock market.
- Corporate actions, market holidays, and after-hours moves can create extra complexity.
Stock perp vs stock
| Question | Stock perp | Traditional stock |
|---|---|---|
| Ownership | Derivative exposure | Equity ownership |
| Funding | Can apply | No perp funding |
| Expiry | No standard expiry | No expiry |
| Voting rights | No | Usually yes for common shares |
| Main risk lens | Margin, funding, oracle, liquidity | Company, market, broker, settlement |
Risk notice
Crypto perpetuals and leveraged trading are high risk. You can lose money through liquidation, funding, slippage, oracle issues, protocol failures, and market volatility.Related tools
What is HIP-3?
Learn the builder-deployed perp framework behind these markets.
Open interest
See where positioning is concentrated across live markets.
Liquidation calculator
Estimate how leverage can compress the distance to liquidation.
Risk disclaimer
Review the high-level risks behind leveraged derivatives.
Sources
- Hyperliquid Docs: HIP-3 builder-deployed perpetualsAccessed 2026-05-04
- Hyperliquid Docs: Info endpointAccessed 2026-05-04
- Hyperliquid Docs: Perpetuals info endpointAccessed 2026-05-04
- Hyperliquid Docs: Contract specificationsAccessed 2026-05-04
- Hyperliquid Docs: RisksAccessed 2026-05-04