How to trade stocks on Hyperliquid (SpaceX, Nvidia, Tesla)
Updated Nov 13, 2026 · 10 min read
Stock perps on Hyperliquid track one share of SpaceX, Nvidia, Tesla and more, trade 24/7 in USDC, and here is how to trade them with Senpi. Nov 7, 2026.
How do you trade stocks on Hyperliquid? Through stock perpetuals such as xyz:SPCX (SpaceX), xyz:NVDA (Nvidia) and xyz:TSLA (Tesla), listed on the XYZ market that trade[XYZ] deploys on Hyperliquid. Each one tracks the price of one share, is margined and settled in USDC, and trades around the clock, weekends included. You do not own the shares. This page explains how the contracts work, what they cost, who can use them, and how to trade them with Senpi, with market data as of Nov 7, 2026.
Key takeaways
- A stock perp references one share of the company (for example, one Nasdaq SPCX share) and is settled in USDC. It gives price exposure only: no ownership, votes or dividends.
- US stocks take outside prices 24 hours a day from Sunday 8:05 PM to Friday 8:00 PM ET (pre-market, regular, post-market and overnight sessions). At the weekend the price comes from Hyperliquid’s own order book, inside bounds of ±5% for 20x markets.
- SpaceX, Nvidia, Tesla, Apple, Microsoft, Alphabet, Amazon and Meta allow up to 20x leverage with cross margin; most other stocks allow 10x.
- These markets run in growth mode: all-in exchange fees of 0.009% taker and 0.003% maker at the base tier, at least 90% below standard. Senpi adds no fee on paid plans.
- trade.xyz’s own interface is closed to US persons, and Hyperliquid’s site excludes the US and Ontario. Senpi sets its own eligibility: 18 or over, and your use must be permitted where you live.
Stock perps on Hyperliquid, Nov 7, 2026
On Nov 7, 2026 the XYZ market had 120 active contracts, most of them stocks and stock ETFs from the US, Korea, Japan, Hong Kong, China and India, plus equity indices, commodities and currencies. These are 15 of the most traded US names. Each symbol in the table links to its live Senpi page; the full list is at senpi.ai/assets.
| Stock | Symbol | Perp price | 24h | Funding per hour | Open interest | 24h volume | Max leverage |
|---|---|---|---|---|---|---|---|
| SpaceX | xyz:SPCX | $134.66 | +1.47% | -0.0010% (-8.5% a year) | $161.7M | $57.8M | 20x |
| Nvidia | xyz:NVDA | $187.62 | -0.37% | +0.0006% (+5.5% a year) | $91.0M | $24.3M | 20x |
| Tesla | xyz:TSLA | $357.63 | -0.46% | -0.0030% (-26.1% a year) | $35.0M | $9.7M | 20x |
| Apple | xyz:AAPL | $342.21 | -0.53% | +0.0006% (+5.5% a year) | $74.3M | $9.3M | 20x |
| Microsoft | xyz:MSFT | $531.10 | -0.62% | +0.0006% (+5.5% a year) | $28.5M | $4.4M | 20x |
| Alphabet | xyz:GOOGL | $284.43 | -0.85% | +0.0009% (+8.0% a year) | $196.5M | $15.1M | 20x |
| Amazon | xyz:AMZN | $259.39 | -1.14% | -0.0002% (-2.1% a year) | $19.6M | $2.9M | 20x |
| Meta | xyz:META | $611.56 | -1.27% | +0.0005% (+4.2% a year) | $68.2M | $6.1M | 20x |
| AMD | xyz:AMD | $445.92 | +0.55% | +0.0006% (+5.5% a year) | $19.8M | $39.9M | 10x |
| Micron | xyz:MU | $689.79 | -0.97% | +0.0039% (+34.1% a year) | $179.7M | $49.0M | 10x |
| Intel | xyz:INTC | $56.07 | +0.01% | +0.0006% (+5.5% a year) | $102.0M | $17.2M | 10x |
| Coinbase | xyz:COIN | $134.32 | -0.08% | +0.0027% (+23.4% a year) | $15.7M | $1.8M | 10x |
| Robinhood | xyz:HOOD | $80.56 | +0.78% | -0.0025% (-21.7% a year) | $11.5M | $1.9M | 10x |
| Circle | xyz:CRCL | $67.26 | -0.27% | +0.0006% (+5.5% a year) | $77.7M | $29.3M | 10x |
| SanDisk | xyz:SNDK | $834.14 | -1.17% | +0.0104% (+90.8% a year) | $137.9M | $94.0M | 10x |
What a stock perp is
A perpetual has no expiry. Its price is held close to a reference price by funding, a payment between longs and shorts every hour: when the perp trades above the reference, longs pay shorts, and the other way round. On the XYZ market the reference is an oracle price built from the stock itself, so xyz:NVDA follows one Nvidia share. Matching, margin, funding, liquidations and auto-deleveraging run on HyperCore, Hyperliquid’s trading engine; trade[XYZ] supplies the prices and the market settings under the xyz deployment.
The contract is synthetic. It gives no ownership of the company and no voting, dividend or other shareholder rights. A cash dividend does not stop trading; its effect shows up in the price and funding instead. A stock split is different: trade[XYZ] settles open positions at a published price, cancels orders and reopens the market on the new share basis, as it did for Kioxia’s 3-for-1 split on Sep 28, 2026. Positions then have to be opened again.
Trading hours: 24/7, and what happens at the weekend
| Session (US stocks) | Hours, ET | Where the price comes from |
|---|---|---|
| Overnight | 8:05 PM to 4:00 AM, Sunday to Thursday nights | Blue Ocean ATS, aggregated with other sources |
| Pre-market | 4:00 AM to 9:30 AM | Outside venues and data providers |
| Regular | 9:30 AM to 4:00 PM | Outside venues and data providers |
| Post-market | 4:00 PM to 8:00 PM | Outside venues and data providers |
| Weekend and holidays | Friday 8:00 PM to Sunday 8:05 PM, plus exchange holidays | Hyperliquid’s own order book, inside discovery bounds |
When outside prices stop, the oracle starts from the last outside price, the Friday close, and drifts toward where the perp’s order book trades, smoothed over a 30-minute time constant. The mark price, which sets profit and loss, margin and liquidations, is the median of the oracle, a smoothed order-book premium and the book itself, and each update moves it by at most 0.5%.
Discovery bounds keep weekend prices in range. The mark price can move ±1/max leverage around a reference price: ±5% for SpaceX, Nvidia and Tesla at 20x. If the price reaches the edge, the reference re-anchors there and a new band opens, up to a set number of times per direction (five for SPCX, two for NVDA and TSLA). After that the band is a hard cap until Sunday evening. A position whose liquidation price sits outside the active band cannot be liquidated while the band holds. When outside prices return, the perp snaps back to them, so a weekend move can reverse at the Sunday open.
Basis: the perp against the last close
Alongside the oracle, trade[XYZ] publishes an external price: the last outside fair price, which stays fixed at the close while markets are shut. The gap between the perp and that close is the basis. During US hours it is near zero; in the table above, SpaceX’s perp was $134.66 against an oracle of $134.71. Over a weekend the basis is the market’s live estimate of where the stock will open, and it is the number to watch before Monday.
Leverage, margin and fees
| Setting | SPCX, NVDA, TSLA | Most other stocks |
|---|---|---|
| Max leverage | 20x | 10x |
| Discovery bound | ±5% | ±10% |
| Margin mode | Cross margin by default | Isolated on many (for example AMD, Coinbase, Robinhood) |
| Maintenance margin | 2.5% of notional | 5% of notional |
| Funding multiplier | 0.5 | 0.5 |
| Exchange fee, growth mode, base tier | 0.009% taker, 0.003% maker | 0.009% taker, 0.003% maker |
Standard fees on markets like these are twice Hyperliquid’s usual perp rate, 0.090% taker and 0.030% maker at the base tier, split between Hyperliquid and trade[XYZ]. Growth mode, which was on for every stock in the table on Nov 7, cuts that by 90% or more to 0.009% and 0.003%, and the usual volume tiers and HYPE staking discounts apply on top. Maintenance margin is half the initial margin at max leverage, so a position opened at the full 20x starts with 5% margin and is liquidated when losses bring it down to 2.5%: a move of about 2.5% against it. At 5x the same stock can move about 17.5% against you first, before fees and funding.
Senpi adds no fee of its own on Pro ($50 a month), Advanced ($100) or Quant ($200), and 0.03% per trade on the free trial or without a paid plan, so on a paid plan a stock perp costs Hyperliquid’s fee and the hourly funding, nothing else. Funding is the bigger number to watch: on Nov 7, SanDisk longs were paying about 91% a year at that hour’s rate, while Tesla shorts were paying longs.
How to trade stocks on Hyperliquid with Senpi
- 01
Fund your Senpi wallet
Pay by card, Apple Pay or Google Pay through the on-ramp, or send USDC on one of seven chains. Positions open from a strategy wallet, not your main wallet, so each strategy’s capital stays separate.
- 02
Ask for the trade or the strategy
In the Senpi app, or inside Claude or ChatGPT through Senpi Connectors, say what you want: “long Nvidia with $500 at 3x, stop at 10% of margin”, or “short Tesla if the weekend perp trades 3% above Friday’s close, and close it at the Sunday open”. The agent shows you the rules before anything opens. Stock symbols carry the xyz: prefix and are case-sensitive, for example xyz:TSLA.
- 03
Protect it and watch the open
Take-profit and stop-loss percentages on Senpi are measured on margin, not price: at 10x a 10% stop fires on a 1% move (funding, margin and liquidation). Strategies the agent runs add DSL, a stop that ratchets up as the trade gains, and daily-loss and drawdown halts on the account. Weekend positions carry gap risk when outside prices return on Sunday evening.
Leverage and weekend gaps
A stock perp opened at 20x is liquidated after about a 2.5% adverse move. Weekend prices come from a thinner order book inside discovery bounds and can jump when outside prices resume. No stop guarantees a fill at its trigger price.
Who can trade stock perps on Hyperliquid
trade[XYZ]’s own interface prohibits access where its terms restrict it, including to United States persons and anyone in the United States. Hyperliquid’s website excludes persons in the US and Ontario under its June 15, 2026 terms, while the chain itself has no gate. Regulated US routes are on the way but not live: the CFTC approved stock perpetuals on US exchanges on Nov 3, 2026, and ICE and trade[XYZ] agreed on Oct 29 to build a regulated US market on Hyperliquid’s infrastructure. Senpi is a separate app with its own terms: you must be 18 or over, your use must be permitted where you live, and you must not be in a sanctioned jurisdiction. Read Hyperliquid in the US for the details.
Frequently asked questions
Can I trade SpaceX stock on Hyperliquid at the weekend?
Yes, through the xyz:SPCX perp, which references one Nasdaq SPCX share and trades 24/7. From Friday 8:00 PM to Sunday 8:05 PM ET its price comes from Hyperliquid’s order book, starting at the Friday close and moving within ±5% bands that can re-anchor up to five times in each direction. When outside prices resume on Sunday evening, it returns to them.
Are stock perps on Hyperliquid real shares?
No. They are synthetic contracts that track the share price and settle in USDC. They give no ownership, voting or dividend rights, and you cannot transfer them to a broker.
Do I get dividends on a stock perp?
No. Holders are not paid dividends directly; a dividend’s effect is reflected in the perp’s price and funding through arbitrage with the shares. Stock splits are handled by settling open positions and reopening the market on the new share basis.
How much leverage can I use on Nvidia or Tesla?
Up to 20x on Nov 7, 2026 for SpaceX, Nvidia, Tesla, Apple, Microsoft, Alphabet, Amazon and Meta, and these markets allow cross margin; on Senpi, XYZ positions open isolated unless you ask for cross. Most other stocks allow 10x, many in isolated margin. At 20x the maintenance margin is 2.5% of notional, so a position at the full 20x is liquidated by a move of about 2.5% against it.
What does it cost to trade stocks on Hyperliquid?
The exchange fee, which on growth-mode markets is 0.009% taker and 0.003% maker at the base tier, plus hourly funding, which can be positive or negative. Senpi adds 0% on paid plans and 0.03% per trade on the free trial or without a paid plan.
Can US residents trade stock perps on Hyperliquid?
trade[XYZ]’s interface and Hyperliquid’s website both exclude US persons by their terms. Regulated US stock perps were approved by the CFTC on Nov 3, 2026 but are not live. Senpi requires that your use be permitted where you live; see Hyperliquid in the US for the full picture.
Can I trade Hyperliquid stock perps from ChatGPT or Claude?
Yes, with Senpi Connectors: your Senpi agent answers inside Claude, ChatGPT, Grok, Hermes and Muse and can open, edit or close positions on xyz stock perps, or build a strategy around them, using the xyz: symbols.
Which stocks can I trade on Hyperliquid?
On Nov 7, 2026 the XYZ market had 120 active contracts: most of the large US technology names (SpaceX, Nvidia, Tesla, Apple, Microsoft, Alphabet, Amazon, Meta, AMD, Micron and others), plus stocks from Korea, Japan, Hong Kong, China and India, stock ETFs, equity indices, commodities and currencies. The full list is in trade[XYZ]’s Specification Index.
Sources and date
Market data from the Hyperliquid API on Nov 7, 2026 at 17:28 UTC. Contract rules from trade[XYZ]’s documentation (Mechanics, US stocks, Specification Index, Margin Modes, Fees, Corporate Actions, Perpetuals Risks and Disclaimers, General Disclaimer). Eligibility from the Hyperliquid and trade[XYZ] terms as summarised on Hyperliquid in the US. This is information, not investment or legal advice.
Trade Nvidia, Tesla and SpaceX perps with an agent
Describe the trade or the strategy in a sentence. Senpi shows you the rules, then runs it with stops attached.
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