The S&P 500 tracks the 500 largest US-listed companies and is the most widely followed equity benchmark; this contract references that index level. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.
Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.
2.3 bps
Typical distance between the traded price and the venue’s oracle while the underlying market is open. It sits within 10 bps of it 100.0% of the time.
Cost to trade it: the venue’s impact bid/ask spread runs 0.1 bps, median over the same window. It is context, not part of the rating.
median, 30 days
5.4 bps
How far the price moves when the underlying market reopens — how close the venue’s closed-hours price was to reality. It was closer than the last real price 60% of the time.
median of 5 reopens
1.8% a year
Funding actually paid over the last 30 days — longs pay at this rate. This is the running cost of holding the position, before fees.
30 days
$232.6M 24h volume
Open interest $409.4M. Weekend books hold 25% of weekday hourly volume.
latest snapshot
When the underlying market reopens, the oracle snaps back to the real price. The jump is how far the venue's closed-hours price was from reality.
Median jump 5.4 bps across 5 rated closures. The venue’s closed-hours price was closer to the reopening price than the last real price 60% of the time. Rows below are the last reopens captured, which can cover a different set of closures than the median.
| Date | Closure | Venue price | Real reopen | Jump | Beat the close? |
|---|---|---|---|---|---|
| 27 Oct 2026 | Daily break | 7720.9 | 7722.7 | +2.3 bps | Yes |
| 26 Oct 2026 | Daily break | 7673.6 | 7680.7 | +9.2 bps | No |
| 25 Oct 2026 | Weekend | 7642.8 | 7661.3 | +24.2 bps | Yes |
| 21 Oct 2026 | Daily break | 7752.1 | 7750.8 | -1.7 bps | Yes |
| 20 Oct 2026 | Daily break | 7740.6 | 7748.2 | +9.8 bps | Yes |
| 19 Oct 2026 | Daily break | 7691.9 | 7699.1 | +9.4 bps | No |
| 18 Oct 2026 | Weekend not rated | 7622.8 | 7658.5 | +46.8 bps | No |
| 15 Oct 2026 | Daily break | 7738.0 | 7741.8 | +4.9 bps | No |
| 14 Oct 2026 | Daily break | 7715.6 | 7719.4 | +4.9 bps | No |
| 13 Oct 2026 | Daily break | 7800.9 | 7806.4 | +7.0 bps | No |
| 12 Oct 2026 | Daily break | 7802.8 | 7809.9 | +9.1 bps | No |
| 11 Oct 2026 | Weekend | 7821.4 | 7817.3 | -5.2 bps | No |
| 8 Oct 2026 | Daily break | 7766.6 | 7769.0 | +3.1 bps | No |
| 7 Oct 2026 | Daily break | 7796.3 | 7800.4 | +5.3 bps | No |
| 6 Oct 2026 | Daily break | 7825.3 | 7828.3 | +3.8 bps | Yes |
| 5 Oct 2026 | Daily break | 7773.1 | 7781.4 | +10.7 bps | No |
| 4 Oct 2026 | Weekend | 7733.7 | 7731.9 | -2.3 bps | Yes |
| 1 Oct 2026 | Daily break | 7670.1 | 7671.2 | +1.4 bps | No |
| 30 Sep 2026 | Daily break | 7663.2 | 7663.9 | +0.9 bps | Yes |
| 29 Sep 2026 | Daily break | 7682.0 | 7680.5 | -1.9 bps | No |
Download this reopen record (CSV) Open data, licensed CC BY 4.0: copy, adapt and publish it, commercially included, with credit — “AlgoTraderPro HIP-3 reopen record (2026), CC BY 4.0” — and a link to this page.
69 stories in 24h · mixed lean · at least one moved the price
Fed issued its rate decision, followed by a news conference with Warsh.
Weaker-than-expected Alphabet earnings revived AI spending worries; index futures dipped.
Markets awaited the Fed rate decision as inflation pressure weighed on the outlook.
The Fed held rates steady and US index futures traded mixed in response.
Fed decision and Microsoft and Alphabet earnings are both due this week.
Trump said he will soon decide whether to make a deal with Iran or press military action.
U.S. stock futures were flat ahead of the Fed rate decision and megacap tech earnings.
S&P 500 and Nasdaq futures slipped after Trump said he needed days on an Iran ceasefire.
S&P 500 rebounded as US-Iran escalation fears eased, though bearish drivers persist.
Index futures reacted to oil prices nearing $100 a barrel.
S&P 500 and Dow futures rose after Trump ruled out an Iran strike.
U.S. futures slipped after reports Iran targeted American forces before big tech earnings.
S&P and Nasdaq futures rebounded after a Fed rate hike.
Memory chip stocks jumped after reports that U.S. and Iran halted strikes.
Anthropic filed paperwork for a large IPO.
▲ bullish · ▼ bearish · ● unclear: our read of each headline for SP500. Headlines belong to their outlets. Our notes describe the event, not a forecast.
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