PerpEquitiesCOT positioning
Long38.3%
Short61.7%
Net position-133,228
Increasing Bearish
Index
S&P 500 Index perpetual futures
SPX perpetual futures on 13 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SPXUSDT.
S&P 500 Index tracked across crypto venues with normalized contract specifications.
7,683-0.8%
Price chart
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Use the left and right arrow keys to inspect points on the chart.
Collecting venue price data...
venue perp mark · Hyperliquid HIP-3 (xyz:SP500)
Auto: highest-volume live perp venue
Trading data
Perpetual market activity
15/15 live markets
Trading data
Perpetual market activity
Venues
13
Live markets
15/15
24h volume
$415.2MCoverage: 14/15 marketsExchange-reported volume: $422.1M
Open interest
$589.2MCoverage: 13/15 markets
Best liquidity
$12.4M
LBank
Tightest spread
+0.1 bps
MEXC
Highest volume
$352.8M
Hyperliquid HIP-3
Settlement mix
USDT · 8/15
Perp/spot vol.
-
OI / float
-
Venue matrix
15 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Hyperliquid HIP-3 | Trade | xyz:SP500 | Trading | 7,683 | +5.5% APR +0.00063% every 1h | +0.1 bps | $2.7M | $352.8M | $358.3M | USDC | 50x | |
 MEXC | Trade | SP500/USDT | Trading | 7,683 | -9.2% APR -0.00840% every 8h | +0.1 bps | $3.9M | $49.6M | $63.3M | USDT | 200x | |
 Ondo Perps | Trade | US500/USD | Trading | 7,684 | - | +1.0 bps | - | $10.1M | $9.2M | USDC | 25x | |
 LBank | Trade | SPX500/USDT | Trading | 7,683 | -9.5% APR -0.00870% every 8h | +0.1 bps | $12.4M | $1.2M | - | USDT | 50x | |
 XT.com | Trade | SP500/USDT | Trading | 7,690 | +7.2% APR +0.00330% every 4h | +2.0 bps | $92.9K | $351.9K | $69.8M | USDT | 500x | |
 Pacifica | Trade | SP500/USDC | Trading | 7,683 | +11.0% APR +0.00125% every 1h | +2.1 bps | $75.5K | $248K | $432.1K | USDC | 20x | |
| MEXC | Trade | SP500/USD1 | Trading | 7,683 | +5.3% APR +0.00060% every 1h | +0.1 bps | $1.4M | $212.8K | $15.2M | USD1 | 50x | |
 Bitget | Trade | SP500/USDT | Trading | 7,687 | 0.0% APR 0.000% every 8h | +4.8 bps | - | $171.7K | $7.1M | USDT | 50x | |
| MEXC | Trade | SP500/USDC | Trading | 7,683 | +20.6% APR +0.00940% every 4h | +20.2 bps | $1.5M | $138.3K | $63.3M | USDC | 50x | |
 HTX | Trade | SPX500/USDT | Trading | 7,669 | - | +17.1 bps | $404.3K | $120.1K | - | USDT | - | |
 OKX | Trade | US500/USDT | Trading | 7,692 | +43.2% APR +0.039% every 8h | +2.0 bps | $52.5K | $113K | $121.6K | USDT | 20x | |
 Orderly Network | Trade | SPX500/USDC | Trading | 7,679 | -31.3% APR -0.029% every 8h | - | - | $99.6K | $374.8K | USDC | - | |
 Gate.io | Trade | SPX500/USDT | Trading | 7,673 | 0.0% APR 0.000% every 8h | +3.2 bps | - | $32.5K | $1.7M | USDT | 100x | |
 Paradex | Trade | US500/USD | Trading | 7,684 | +5.5% APR +0.00500% every 8h | +6,646.0 bps | $0 | $0 | $85.3K | USDC | 5x | |
 Ourbit | Trade | SPX500/USDT | Trading | 7,683 | -9.3% APR -0.00850% every 8h | +0.1 bps | $9.1M | $6.9M⚠ | $321.3K | USDT | 200x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 9 of 13 venues absorb $10k · Typical cost: +6.1 bps – +12.4 bps
No fresh book data: Bitget, Orderly Network, Gate.io, Paradex
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
SPXTightest spread
SPXHighest volume
SPXFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
Bearish
Index composition
503 constituentsTechnology16.9%
Industrials15.3%
Financial Services13.9%
Healthcare11.9%
Consumer Cyclical10.5%
Macro calendar
12UpdatedEventPreviousEstimateActual
USD · JOLTs Job Openings (Aug)7.27 M7.24 M-
USD · ADP Employment Change (Sep)38 K72 K-
USD · Goods Trade Balance (Aug)-118.8 B-113.5 B-
USD · Personal Spending MoM (Aug)0.2 %0.8 %-
USD · GDP Growth Rate QoQ (Q2)2.1 %1.5 %1.5 %
USD · Personal Income MoM (Aug)0.4 %0.4 %-
USD · Core PCE Price Index MoM (Aug)0.2 %0.3 %-
USD · Core PCE Price Index YoY (Aug)3.3 %3.4 %-
USD · Continuing Jobless Claims (Sep/19)1,719 K1,720 K-
USD · Initial Jobless Claims (Sep/26)197 K200 K-
USD · Jobless Claims 4-Week Average (Sep/26)202.25 K199 K-
USD · ISM Manufacturing PMI (Sep)54.654.9-
Frequently asked questions
Where can I trade SPX perpetual futures?
S&P 500 Index (SPX) perpetual futures trade on 13 crypto venues, including Hyperliquid HIP-3, MEXC, Ondo Perps. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade SPX around the clock?
Yes. Unlike the underlying stock, SPX perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on SPX perpetuals?
Right now the SPX perp funding rate is -1.9% annualized (venue median), ranging from -9.2% to +5.5% across 13 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
What is a SPX perpetual future?
A SPX perpetual is a derivative that tracks the price of S&P 500 Index with no expiry date. It lets you take long or short exposure to S&P 500 Index on crypto venues, around the clock.
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