Daily brief / 2026-10-23 / US open

US open: stock perps on Hyperliquid, October 23, 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 $2.8B in open interest across 105 markets, and the S&P 500 perp trades at 7,628, -0.71% in 24h.

Stock perps OI
$2.8B
105 markets on trade.xyz
Stock perps 24h volume
$3.4B
1.20× open interest
S&P 500 perp
7,628
-0.71% 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$948.60+2.66%+5.59%-0.00054%$319.8M$406.0M 1.3×
SP500$7,628-0.71%-0.43%+0.00063%$389.1M$335.5M 0.9×
XYZ100$28,892-1.49%-0.27%+0.00093%$293.7M$305.4M 1.0×
SOXL$82.53-8.84%+0.15%+0.00348%$41.2M$244.7M 5.9×
DRAM$46.98-0.12%+2.92%+0.00086%$71.3M$224.0M 3.1×
SNDK$1,287-2.15%+2.75%+0.00321%$125.1M$215.0M 1.7×
SPCX$148.10-4.06%+2.46%+0.00105%$155.2M$200.3M 1.3×
META$642.05-5.53%-0.84%+0.00276%$96.4M$167.3M 1.7×
MU$866.79-1.56%+1.16%+0.00224%$151.8M$159.1M 1.0×
SKHY$137.29+0.51%+4.04%+0.00108%$149.3M$124.2M 0.8×
MRNA$194.25-19.31%-1.64%-0.00019%$7.1M$103.5M 14.6×
TSLA$372.96+0.56%-0.17%+0.00063%$44.6M$79.7M 1.8×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SKHX$12.0M$60.2M−$48.2M
SKHY$53.5M$1.8M+$51.7M
MU$1.6M$30.4M−$28.8M
SP500$22.0M$8.5M+$13.5M
XYZ100$444.8K$29.8M−$29.4M
SNDK$6.3M$21.4M−$15.1M
AAPL$25.9M$267.7K+$25.6M
GOOGL$1.1M$19.1M−$18.0M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
NOWSHORTS167.24+6.8%$629.4K
ZHIPUSHORTS68.53+7.4%$116.5K
ORCLLONGS115.09−7.9%$245.6K
SOXLLONGS75.77−8.2%$292.4K
NBISLONGS145.35−8.9%$1.2M
SMSNLONGS145.90−9.3%$498.6K
LLYSHORTS1,428+9.5%$369.3K
CRWVLONGS49.89−9.9%$1.3M

Whale moves since the last close

MarketWalletMoveSize
SKHX0x0242…ffa1cut SHORT$19.3M → $13.0M
XYZ1000xfc66…ca06added to SHORT$8.0M → $14.6M
SKHX0xfc66…ca06cut SHORT$13.3M → $1.3M
SKHY0x0242…ffa1cut LONG$11.8M → $5.7M
SP5000xecb6…2b00flipped LONG$5.6M → $11.7M
SP5000xfc66…ca06flipped SHORT$375.4K → $8.5M
SKHX0xa61c…66b9cut LONG$7.1M → $5.6M
DRAM0x0242…ffa1added to SHORT$5.4M → $5.9M
SPCX0x0242…ffa1added to SHORT$3.9M → $5.7M
GOOGL0x0242…ffa1cut SHORT$5.2M → $4.6M
SOXL0xda37…f7b5added to SHORT$4.5M → $4.9M
SNDK0xa61c…66b9cut LONG$4.9M → $2.4M

And 122 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.

Live, every five minutes

WhaleTape Pro has these numbers live, next to every whale move, the full liquidation map and an AI brief re-generated every 30 minutes.

Get Pro: 30 days for $7.99 or try 1 hour for $0.99

All briefs

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.