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S&P 500 (SPX) Perpetual Futures

S&P 500 (SPX) Perpetual Futures — Live Data

Trade SPXon 9 exchangesHyperliquid logoOpen on Hyperliquid

Market Overview

The S&P 500 is the world's most important equity index, tracking 500 large-cap US stocks and serving as the primary benchmark for global equity performance. SPX perpetual futures on decentralized exchanges allow crypto-native traders to access the most liquid equity derivative market without traditional brokerage infrastructure, enabling multi-asset portfolio construction entirely on-chain.

SPX Perps Data — Index Category

This page aggregates perpetual futures data for global equity index contracts, covering trading volume, open interest, funding rates, and liquidation flows. Index perp data provides the most direct read on macro equity sentiment from a crypto-native perspective — SPX and NDX open interest levels indicate whether equity traders are positioned defensively or aggressively, which directly correlates with BTC and ETH risk appetite. Funding rate comparisons across index perps (SPX vs NDX vs NIKKEI) reveal which geographic markets are attracting the most leveraged speculative interest. Volume spikes in index perps around Fed decisions, CPI releases, and earnings seasons are among the most reliable cross-asset volatility signals for crypto traders to monitor.

Trading Tips for S&P 500 Perps

SPX perps are the best single instrument for expressing macro equity views — they closely track ES futures and SPY ETF price action. Fed rate decisions, CPI prints, and NFP reports are the highest-impact scheduled catalysts. SPX tends to have a negative correlation with crypto during risk-off events, making it useful as a portfolio hedge.

Where to Trade S&P 500 (SPX) Perpetual Futures

S&P 500 (SPX) perpetual futures are available on 9 exchanges. Compare fees, leverage, and features below to find the best platform for trading SPX perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Trade SPXReview
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
Trade SPXReview
Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/5
Trade SPXReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Trade SPXReview
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/5
Trade SPXReview
Paradex logo
Paradex
Starknet
Maker Fee
Free
Taker Fee
0.000%
Max Leverage
50x
Rating
7.5/5
Trade SPXReview
Ostium logo
Ostium
Arbitrum
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
200x
Rating
7.5/5
Trade SPXReview
Avantis logo
Maker Fee
0.010%
Taker Fee
0.040%
Max Leverage
100x
Rating
7.0/5
Trade SPXReview
Extended logo
Extended
Arbitrum
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
7.0/5
Trade SPXReview

Frequently Asked Questions — S&P 500 (SPX)

What is the current SPX perpetual futures funding rate?▼
The live S&P 500 (SPX) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing SPX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest SPX perp trading fees?▼
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 SPX perpetual futures trade across all major exchanges. Compare fees for SPX perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does S&P 500 open interest compare across exchanges?▼
S&P 500 (SPX) open interest is broken down by exchange in the chart above, showing the total value of outstanding SPX derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the SPX long/short ratio indicate?▼
The S&P 500 long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade SPX perpetual futures?▼
S&P 500 (SPX) perps are currently listed on 9 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: Index · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

Related Index Assets

NDX
Nasdaq 100
DJI
Dow Jones
FTSE
FTSE 100
DAX
DAX 40
NIKKEI
Nikkei 225
View all 304 assets →