Stock perps on Hyperliquid

Snapshot Tue, 20 Oct 2026 22:07:09 UTC · HIP-3 · 80 markets · deployers XYZ, EntropyIO, Paragon

Perpetuals on listed equities: US, Korean, Japanese and Chinese names, cash-settled in USDC. 80 markets, $1.69B open interest, $1.62B traded in 24h, leverage 5× to 20×.

Open interest

$1.69B

42.6% of all HIP-3

24h volume

$1.62B

notional

Longs paying

85%

of 80 markets with open interest

Largest

SKHX

$371.0M open interest

Markets

Market	Deployer	Funding 8h	APR	Mark	Open interest	24h volume	Max lev.	Also on
SKHX SK Hynix	XYZ	0.2343%	256.6%	$955.40	$371.0M	$351.9M	10×	Lighter
MU Micron	XYZ	0.0078%	8.5%	$920.80	$150.3M	$115.7M	10×	—
SNDK SanDisk	XYZ +1	0.0133%	14.6%	$1,406	$137.8M	$243.8M	10×	—
META Meta	XYZ	0.0091%	9.9%	$695.58	$109.8M	$63.6M	20×	—
GOOGL Alphabet	XYZ	0.0050%	5.5%	$340.83	$104.2M	$111.7M	20×	—
NVDA Nvidia	XYZ	0.0050%	5.5%	$221.29	$102.7M	$168.7M	20×	—
CRCL Circle	XYZ	0.0007%	0.8%	$86.38	$73.0M	$50.6M	10×	—
INTC Intel	XYZ	0.0079%	8.7%	$95.24	$59.9M	$52.7M	10×	—
TSLA Tesla	XYZ	0.0050%	5.5%	$379.44	$59.5M	$55.8M	20×	—
AAPL Apple	XYZ	0.0050%	5.5%	$338.22	$58.5M	$25.6M	20×	—
NBIS Nebius	XYZ +1	0.0383%	42.0%	$181.05	$55.1M	$42.2M	10×	—
SMSN Samsung Electronics	XYZ	0.3582%	392.2%	$166.65	$44.6M	$48.9M	10×	Lighter
MSTR Strategy	XYZ	0.0128%	14.0%	$144.94	$37.5M	$19.0M	10×	—
AMZN Amazon	XYZ	0.0143%	15.6%	$263.68	$33.1M	$20.3M	20×	—
MSFT Microsoft	XYZ	0.0050%	5.5%	$530.85	$24.6M	$14.1M	20×	—
CRWV CoreWeave	XYZ	0.0050%	5.5%	$65.03	$18.6M	$35.4M	10×	—
HOOD Robinhood	XYZ	0.0050%	5.5%	$99.73	$18.2M	$5.7M	10×	—
ORCL Oracle	XYZ	0.0050%	5.5%	$132.95	$17.3M	$3.6M	10×	—
COIN Coinbase	XYZ	0.0252%	27.5%	$172.18	$14.9M	$5.3M	10×	—
AMD AMD	XYZ	0.0140%	15.3%	$547.43	$14.8M	$34.2M	10×	—
MRNA Moderna	XYZ	-0.0386%	-42.2%	$241.22	$13.5M	$28.3M	10×	—
PLTR Palantir	XYZ	0.0050%	5.5%	$193.63	$13.1M	$3.2M	10×	—
AVGO Broadcom	XYZ +1	0.0142%	15.6%	$338.63	$12.1M	$2.3M	10×	—
PURRDAT Hyperliquid Strategies (PURR)	XYZ	0.0050%	5.5%	$9.36	$12.1M	$3.6M	10×	—
BABA Alibaba	XYZ	0.0050%	5.5%	$108.99	$11.9M	$1.8M	10×	—
MRVL Marvell	XYZ	0.0170%	18.7%	$247.18	$11.4M	$24.2M	10×	—
DELL Dell	XYZ	0.0050%	5.5%	$488.68	$9.5M	$7.4M	10×	—
TSM TSMC	XYZ	0.0053%	5.8%	$433.17	$8.4M	$3.3M	10×	—
LITE Lumentum	XYZ	-0.0267%	-29.2%	$856.38	$7.6M	$3.2M	10×	—
KIOXIA Kioxia	XYZ	0.4314%	472.4%	$88.94	$6.9M	$6.2M	10×	Lighter
NFLX Netflix	XYZ	0.0112%	12.3%	$64.83	$6.9M	$9.6M	10×	—
RKLB Rocket Lab	XYZ	0.0120%	13.1%	$52.33	$6.8M	$12.8M	10×	—
IREN IREN	XYZ +1	0.0184%	20.1%	$27.89	$6.0M	$7.1M	10×	—
AAOI Applied Optoelectronics	XYZ +1	0.0195%	21.4%	$80.31	$5.5M	$2.4M	10×	—
ARM Arm	XYZ	0.0050%	5.5%	$227.35	$5.0M	$2.3M	10×	—
GME GameStop	XYZ	0.0131%	14.3%	$26.49	$5.0M	$4.4M	10×	—
LLY Eli Lilly	XYZ	0.0050%	5.5%	$1,283	$4.6M	$1.9M	10×	—
BE Bloom Energy	XYZ	0.0118%	13.0%	$232.61	$4.1M	$4.9M	10×	—
WDC Western Digital	XYZ	0.0241%	26.4%	$372.80	$3.6M	$3.0M	10×	—
ASML ASML	XYZ	0.0224%	24.5%	$1,674	$2.8M	$1.0M	10×	—
QCOM Qualcomm	XYZ	0.0290%	31.7%	$177.54	$2.3M	$468K	10×	—
BMNR Bitmine	XYZ	0.0255%	27.9%	$23.11	$2.2M	$426K	10×	—
USAR USA Rare Earth	XYZ	0.0366%	40.1%	$10.29	$1.9M	$675K	10×	—
HIMS Hims & Hers	XYZ	0.0795%	87.1%	$29.41	$1.8M	$1.6M	10×	—
NOK Nokia	XYZ	0.0365%	40.0%	$9.21	$1.7M	$1.4M	10×	—
HYUNDAI Hyundai Motor	XYZ	0.0900%	98.6%	$238.02	$1.6M	$1.8M	10×	Lighter
IBM IBM	XYZ	0.0302%	33.1%	$241.69	$1.5M	$603K	10×	—
NOW ServiceNow	XYZ	-0.0083%	-9.1%	$148.70	$1.5M	$508K	10×	—
GLW Corning	Paragon +1	0.0536%	58.6%	$135.95	$1.3M	$360K	10×	—
TTWO Take-Two Interactive	Paragon	-0.2577%	-282.2%	$207.61	$1.3M	$32K	10×	Lighter
COHR Coherent	Paragon	0.0411%	45.0%	$240.70	$1.2M	$295K	10×	—
VST Vistra	Paragon	0.0060%	6.6%	$152.67	$1.1M	$149K	10×	—
SOFTBANK SoftBank	XYZ	0.1503%	164.6%	$29.56	$1.1M	$537K	10×	—
AMAT Applied Materials	XYZ	0.0014%	1.6%	$415.56	$1.0M	$1.2M	10×	—
RIVN Rivian	XYZ	0.0050%	5.5%	$12.46	$809K	$212K	10×	—
NET Cloudflare	XYZ +1	0.0464%	50.8%	$294.97	$666K	$208K	10×	—
CRWD CrowdStrike	XYZ +1	0.0516%	56.5%	$229.58	$646K	$957K	10×	—
CRDO Credo	Paragon	0.0219%	23.9%	$184.44	$627K	$535K	10×	—
COST Costco	XYZ	-0.0224%	-24.5%	$992.20	$551K	$367K	20×	—
LRCX Lam Research	Paragon +1	0.0060%	6.6%	$271.86	$539K	$188K	10×	—
GEV GE Vernova	XYZ	0.0497%	54.4%	$908.09	$472K	$299K	10×	Lighter
BX Blackstone	XYZ	0.0231%	25.3%	$110.83	$471K	$338K	10×	—
DKNG DraftKings	XYZ	-0.0236%	-25.9%	$20.44	$456K	$304K	10×	—
ZM Zoom	XYZ	-0.0311%	-34.1%	$98.31	$343K	$130K	10×	—
RDDT Reddit	XYZ +1	0.0288%	31.6%	$156.47	$319K	$142K	10×	—
STX Seagate	Paragon	0.0347%	38.0%	$695.00	$310K	$210K	10×	—
GPRO GoPro	EntropyIO	0.1570%	171.9%	$1.10	$280K	$23K	5×	—
EBAY eBay	XYZ	-0.0537%	-58.8%	$121.33	$233K	$68K	10×	—
CVX Chevron	XYZ	-0.0621%	-68.0%	$225.24	$232K	$75K	10×	—
SMCI Super Micro Computer	Paragon	-0.0032%	-3.5%	$36.98	$207K	$422K	10×	—
CIFR Cipher Mining	Paragon	0.0060%	6.6%	$9.33	$188K	$142K	10×	—
UMC UMC	XYZ	0.2317%	253.7%	$20.06	$168K	$70K	10×	—
SOFI SoFi	Paragon	0.0060%	6.6%	$14.76	$120K	$136K	10×	—
IONQ IonQ	EntropyIO	0.0332%	36.4%	$31.88	$104K	$78K	10×	—
XIAOMI Xiaomi	EntropyIO	0.0072%	7.9%	$3.46	$88K	$57K	10×	—
TER Teradyne	Paragon	-0.0612%	-67.0%	$346.20	$80K	$19K	10×	—
TWST Twist Bioscience	XYZ	0.0050%	5.5%	$143.28	$78K	$483K	10×	—
MELI MercadoLibre	Paragon	0.0164%	18.0%	$1,875	$58K	$31K	10×	—
CIEN Ciena	Paragon	0.0615%	67.3%	$351.25	$52K	$36K	10×	—
CAMBRICON Cambricon	XYZ	-0.2044%	-223.8%	$137.84	$12K	$3K	10×	—

Positive funding: longs pay shorts; hourly rate × 8. Markets without a link are below the $1M open-interest and volume gate.

Questions

How do stock perps work on Hyperliquid?: They are HIP-3 markets: a builder stakes 500,000 HYPE, deploys its own dex on Hyperliquid, defines the contracts and publishes the oracle prices. Positions are cash-settled in USDC and funding is paid every hour, like any Hyperliquid perp.
Which deployers list them?: XYZ, EntropyIO, Paragon. 6 of these assets are also listed on Lighter.
What leverage is available?: 5× to 20× depending on the market; the deployer sets the cap and whether cross margin is allowed.

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