Daily brief / 2026-10-26 / US open

US open: stock perps on Hyperliquid, October 26, 2026

As of 09:28 ET (13:28 UTC), 1 minute 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 7,642, +0.13% in 24h.

Stock perps OI
$2.8B
105 markets on trade.xyz
Stock perps 24h volume
$1.7B
0.59× open interest
S&P 500 perp
7,642
+0.13% 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
XYZ100$29,081+0.31%+0.23%+0.00063%$300.2M$254.7M 0.8×
SP500$7,642+0.13%+0.17%-0.00034%$383.8M$204.3M 0.5×
SKHX$975.41+1.59%+2.75%-0.01700%$305.1M$182.8M 0.6×
EWZ$31.56-29.83%-25.88%+0.00908%$30.3M$93.3M 3.1×
SNDK$1,254+0.76%+1.13%+0.00226%$124.3M$87.4M 0.7×
DRAM$47.66+0.05%+1.05%+0.00131%$76.5M$69.7M 0.9×
META$640.27-0.12%-0.38%+0.00143%$92.8M$65.0M 0.7×
MU$891.07-0.00%+1.28%+0.00063%$153.4M$64.7M 0.4×
NVDA$213.22+0.45%+0.98%+0.00102%$82.6M$60.1M 0.7×
UNITREE$96.65+1.79%+2.48%-0.02815%$25.2M$58.5M 2.3×
SKHY$140.52+1.04%+2.34%+0.00012%$142.0M$58.0M 0.4×
SPCX$147.07-0.68%-0.45%+0.00160%$156.2M$40.8M 0.3×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SKHX$11.5M$55.2M−$43.7M
SKHY$44.6M$2.6M+$41.9M
SNDK$4.6M$20.1M−$15.5M
MU$96.8K$22.6M−$22.5M
XYZ100$405.6K$19.7M−$19.3M
AAPL$19.9M$0+$19.9M
GOOGL$3.1M$13.4M−$10.3M
INTC$166.7K$16.2M−$16.1M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
NOWSHORTS168.00+5.9%$634.4K
ZHIPUSHORTS71.33+9.7%$83.7K
HIMSLONGS24.37−11.7%$194.2K
LLYSHORTS1,430+11.9%$335.2K
PLTRSHORTS226.07+14.4%$106.3K
ORCLSHORTS145.30+14.5%$184.3K
DELLSHORTS533.41+14.6%$1.2M
CXMTSHORTS7.34+14.9%$109.9K

Whale moves since the last close

MarketWalletMoveSize
SKHX0x4c78…2444cut SHORT$21.2M → $11.3M
XYZ1000xfc66…ca06added to SHORT$7.7M → $15.0M
SKHY0x84ab…4d37cut LONG$10.0M → $8.0M
SKHY0x4c78…2444cut LONG$7.0M → $3.7M
SP5000xecb6…2b00flipped SHORT$6.9M → $5.5M
SP5000xfc66…ca06added to SHORT$393.8K → $6.0M
SKHY0x0242…ffa1cut LONG$5.3M → $4.4M
MU0xfc27…9d9dcut SHORT$5.2M → $4.2M
SPCX0xfc66…ca06cut SHORT$4.9M → $4.3M
META2 freres 2 fauvesadded to SHORT$3.1M → $4.8M
META0x0242…ffa1added to SHORT$3.9M → $4.3M
NVDA0xfc66…ca06flipped SHORT$341.0K → $4.2M

And 177 smaller moves.

Positions read on trade.xyz at 13:28 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 13:28 UTC. WhaleTape does not recommend buying or selling any security or perp. Not investment advice.