Daily brief / 2026-10-28 / US open

US open: stock perps on Hyperliquid, October 28, 2026

As of 09:29 ET (13:29 UTC), just after the New York open, Hyperliquid's stock and index perps on trade.xyz hold $3.0B in open interest across 108 markets, and the S&P 500 perp trades at 7,738, +0.59% in 24h.

Stock perps OI
$3.0B
108 markets on trade.xyz
Stock perps 24h volume
$2.7B
0.90× open interest
S&P 500 perp
7,738
+0.59% 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$1,116+8.22%+8.49%-0.00014%$298.8M$481.3M 1.6×
SP500$7,738+0.59%+0.21%-0.00026%$421.4M$229.9M 0.5×
XYZ100$29,772+1.27%+0.42%+0.00063%$301.4M$172.4M 0.6×
SOXL$103.82+9.45%+4.70%+0.00063%$25.1M$162.3M 6.5×
SNDK$1,359+6.57%+4.96%+0.00304%$139.9M$157.5M 1.1×
SKHY$157.21+7.16%+8.23%+0.00063%$130.1M$149.7M 1.2×
DRAM$52.83+6.28%+5.46%+0.00063%$81.2M$148.8M 1.8×
MU$963.12+4.27%+4.13%+0.00063%$154.8M$141.2M 0.9×
SPCX$147.59-0.66%-1.07%+0.00063%$151.8M$73.7M 0.5×
SMSN$181.48+6.94%+5.59%+0.00063%$47.5M$65.2M 1.4×
TSLA$410.20+3.67%+0.85%+0.00063%$47.0M$62.8M 1.3×
GOOGL$323.97+2.50%+0.75%+0.00330%$136.0M$60.4M 0.4×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SNDK$1.9M$32.4M−$30.4M
SKHX$14.7M$15.9M−$1.2M
SKHY$26.2M$4.3M+$22.0M
META$592.6K$29.6M−$29.0M
GOOGL$703.0K$23.5M−$22.8M
MU$307.4K$23.3M−$23.0M
SPCX$5.6M$16.4M−$10.8M
INTC$346.5K$21.4M−$21.1M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
ORCLSHORTS136.54+4.2%$1.6M
DELLSHORTS540.13+7.0%$759.3K
HOODLONGS82.41−7.3%$153.7K
NBISSHORTS188.85+8.8%$368.1K
AVGOSHORTS385.65+10.4%$328.6K
NOWSHORTS168.42+10.8%$615.9K
ZHIPUSHORTS80.84+10.9%$516.3K
ORCLSHORTS145.49+11.0%$145.6K

Whale moves since the last close

MarketWalletMoveSize
SKHX0x0242…ffa1cut SHORT$16.4M → $13.6M
MU0x0242…ffa1cut SHORT$9.5M → $6.5M
SP500BobbyBigSizeadded to LONG$6.7M → $7.5M
META0xfc66…ca06added to SHORT$6.3M → $7.3M
AAPL0x0242…ffa1cut LONG$7.2M → $1.0M
XYZ1000xfc66…ca06added to SHORT$5.0M → $7.2M
GOOGL0x0242…ffa1added to SHORT$5.8M → $7.2M
DRAM0x0242…ffa1added to SHORT$6.0M → $7.1M
AAPL0xfc66…ca06cut LONG$4.9M → $4.0M
GOOGL0xfc66…ca06added to SHORT$3.1M → $4.8M
SP5000xecb6…2b00cut SHORT$4.8M → $4.1M
SKHX0xfc27…9d9dadded to LONG$2.8M → $4.7M

And 138 smaller moves.

Positions read on trade.xyz at 13:29 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 13:29 UTC. WhaleTape does not recommend buying or selling any security or perp. Not investment advice.