Daily brief / 2026-10-21 / US open

US open: stock perps on Hyperliquid, October 21, 2026

As of 09:25 ET (13:25 UTC), 4 minutes before the New York open, Hyperliquid's stock and index perps on trade.xyz hold $3.0B in open interest across 104 markets, and the S&P 500 perp trades at 7,737, +0.74% in 24h.

Stock perps OI
$3.0B
104 markets on trade.xyz
Stock perps 24h volume
$3.2B
1.09× open interest
S&P 500 perp
7,737
+0.74% in 24h

The tape before the bell

The 12 most-traded stock and index perps on trade.xyz. They trade 24/7, so the move outside market hours is already in the price. Funding is per hour; positive means longs pay.

MarketPerp24hSince closeFunding /hOpen interest24h volume
SPCX$161.27+9.68%+6.88%+0.00063%$148.6M$377.6M 2.5×
SKHX$984.47+7.50%+5.77%+0.01505%$353.7M$360.1M 1.0×
SP500$7,737+0.74%+0.21%+0.00063%$385.8M$332.1M 0.9×
XYZ100$29,709+0.96%+0.50%+0.00063%$293.9M$266.4M 0.9×
NVDA$220.56+1.98%+1.69%+0.00063%$90.4M$213.3M 2.4×
SNDK$1,421+6.28%+3.67%+0.00172%$131.9M$156.0M 1.2×
SOXL$103.29+8.47%+4.86%+0.00197%$41.4M$155.8M 3.8×
DRAM$49.80+6.27%+4.19%+0.00063%$69.8M$131.3M 1.9×
GOOGL$337.23-1.66%-0.92%+0.00063%$105.8M$128.2M 1.2×
MU$927.86+4.32%+3.23%+0.00151%$149.4M$121.7M 0.8×
SKHY$145.75+5.86%+4.13%+0.00035%$194.6M$108.7M 0.6×
META$692.99-0.56%-0.26%+0.00239%$121.0M$71.9M 0.6×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SKHX$3.2M$47.7M−$44.5M
SKHY$48.4M$200.3K+$48.2M
MU$884.3K$29.0M−$28.2M
META$207.7K$21.6M−$21.4M
SP500$14.6M$4.5M+$10.1M
SNDK$1.3M$17.4M−$16.0M
XYZ100$459.4K$16.9M−$16.4M
DRAM$1.1M$13.1M−$12.0M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
NFLXLONGS60.79−5.8%$200.1K
CBRSLONGS111.18−7.7%$103.0K
DELLSHORTS535.59+8.0%$1.6M
NOWSHORTS165.12+11.0%$597.9K
LLYSHORTS1,419+11.9%$468.6K
ORCLLONGS117.25−12.2%$311.4K
AMDLONGS478.09−12.5%$218.3K
ZHIPUSHORTS71.93+13.1%$52.3K

Whale moves since the last close

MarketWalletMoveSize
SKHX0x0242…ffa1added to SHORT$12.3M → $16.5M
SKHX0xfc66…ca06cut SHORT$14.6M → $5.3M
SP5000xecb6…2b00flipped LONG$2.8M → $12.3M
GOOGL0x0242…ffa1cut SHORT$6.6M → $5.7M
META0xfc66…ca06added to SHORT$4.5M → $5.3M
SP5000xfc66…ca06flipped SHORT$3.2M → $4.5M
SPCX0x0242…ffa1flipped LONG$4.0M → $1.1M
TSLA0x0242…ffa1cut SHORT$3.8M → $2.8M
META0x0242…ffa1added to SHORT$2.9M → $3.8M
SMSN0xfc27…9d9dcut SHORT$3.6M → $3.0M
SOXL0x0242…ffa1added to SHORT$3.1M → $3.5M
SKHXBobbyBigSizecut LONG$2.4M → $668.9K

And 103 smaller moves.

Positions read on trade.xyz at 13:25 UTC from 40 of the 40 top Hyperliquid traders by 30-day PnL that WhaleTape tracks. Positions under $50K are left out.

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Facts from public Hyperliquid data, assembled by rule at 13:25 UTC. WhaleTape does not recommend buying or selling any security or perp. Not investment advice.