Daily brief / 2026-10-22 / US open

US open: stock perps on Hyperliquid, October 22, 2026

As of 09:30 ET (13:30 UTC), just after the New York open, Hyperliquid's stock and index perps on trade.xyz hold $2.9B in open interest across 104 markets, and the S&P 500 perp trades at 7,685, -0.67% in 24h.

Stock perps OI
$2.9B
104 markets on trade.xyz
Stock perps 24h volume
$2.7B
0.96× open interest
S&P 500 perp
7,685
-0.67% 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
SKHX$925.38-6.00%-3.78%-0.00847%$338.8M$286.4M 0.8×
XYZ100$29,346-1.22%-1.55%+0.00063%$293.1M$274.8M 0.9×
SPCX$154.10-4.45%-2.88%+0.00063%$141.3M$254.3M 1.8×
SP500$7,685-0.67%-0.94%-0.00036%$391.0M$252.6M 0.6×
META$675.92-2.46%-6.10%+0.00086%$115.0M$237.8M 2.1×
SNDK$1,317-7.33%-3.94%+0.00150%$126.4M$181.4M 1.4×
TSLA$373.93-1.82%-4.77%+0.00063%$55.2M$121.3M 2.2×
MU$879.75-5.19%-3.32%+0.00068%$140.6M$97.9M 0.7×
DRAM$47.11-5.40%-3.58%+0.00063%$66.1M$96.4M 1.5×
SOXL$90.67-12.22%-10.72%+0.00503%$41.3M$95.9M 2.3×
SKHY$137.06-5.96%-3.92%+0.00063%$171.2M$78.0M 0.5×
NVDA$217.08-1.58%-2.10%+0.00063%$88.5M$65.9M 0.7×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SKHX$6.3M$52.9M−$46.7M
SKHY$50.9M$71.9K+$50.8M
MU$470.5K$31.1M−$30.6M
SNDK$3.3M$19.5M−$16.2M
META$0$22.4M−$22.4M
GOOGL$1.8M$19.0M−$17.2M
XYZ100$453.5K$14.8M−$14.3M
SP500$5.7M$8.0M−$2.3M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
CBRSLONGS107.82−5.3%$99.2K
NOWSHORTS165.96+7.3%$616.5K
SMSNLONGS149.42−7.6%$399.1K
AMDLONGS478.22−8.7%$210.3K
ORCLLONGS115.12−8.8%$247.3K
SOXLLONGS81.69−9.9%$241.5K
KIOXIALONGS71.73−10.6%$126.0K
LLYSHORTS1,422+10.6%$448.9K

Whale moves since the last close

MarketWalletMoveSize
SKHX0x0242…ffa1added to SHORT$16.1M → $18.6M
SKHX0xfc66…ca06added to SHORT$4.2M → $11.8M
XYZ1000xfc66…ca06added to SHORT$7.5M → $10.0M
SP5000xecb6…2b00flipped SHORT$410.0K → $8.0M
DRAM0x0242…ffa1cut SHORT$5.4M → $4.8M
META0x0242…ffa1added to SHORT$4.4M → $5.4M
SMSN0xfc66…ca06cut SHORT$5.2M → $4.2M
AAPL0x0242…ffa1added to LONG$3.3M → $4.2M
SMSN0xfc27…9d9dadded to SHORT$2.9M → $3.9M
META0x5b5d…c060added to SHORT$3.3M → $3.7M
SP5000xfc66…ca06added to LONG$2.2M → $3.3M
SKHXBobbyBigSizeadded to LONG$1.1M → $3.2M

And 90 smaller moves.

Positions read on trade.xyz at 13:30 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 13:30 UTC. WhaleTape does not recommend buying or selling any security or perp. Not investment advice.