Daily brief / 2026-11-06 / US open

US open: stock perps on Hyperliquid, November 6, 2026

As of 09:26 ET (14:26 UTC), 3 minutes before the New York open, Hyperliquid's stock and index perps on trade.xyz hold $3.3B in open interest across 109 markets, and the S&P 500 perp trades at 7,371, -4.02% in 24h.

Stock perps OI
$3.3B
109 markets on trade.xyz
Stock perps 24h volume
$9.1B
2.75× open interest
S&P 500 perp
7,371
-4.02% 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$27,082-3.63%+1.62%+0.00063%$336.6M$1.4B 4.0×
SKHX$871.10-5.78%+2.54%-0.02982%$357.3M$1.0B 2.9×
SP500$7,371-4.02%+0.25%+0.00070%$394.8M$1.0B 2.6×
SOXL$49.42-13.82%+18.92%+0.00359%$89.9M$787.0M 8.8×
SNDK$899.75-5.92%+10.65%+0.00151%$169.2M$721.4M 4.3×
MU$711.45-5.33%+7.57%+0.00063%$199.8M$510.6M 2.6×
NVDA$190.92-3.09%+4.92%+0.00063%$105.6M$346.7M 3.3×
SMSN$143.67-2.85%+7.26%-0.02748%$45.2M$304.1M 6.7×
SPCX$130.96-0.74%+6.38%+0.00063%$164.4M$279.5M 1.7×
DRAM$40.28-4.37%+6.63%+0.00142%$94.2M$277.0M 2.9×
SKHY$129.63-2.66%+4.10%-0.00207%$128.5M$250.8M 2.0×
KORU$7.17-19.59%+10.16%+0.00063%$11.2M$211.9M 18.9×

What stands out

Whales in stock perps

MarketWhales longWhales shortNet
SKHX$5.6M$63.3M−$57.7M
SP500$17.7M$41.3M−$23.6M
XYZ100$5.3M$41.8M−$36.5M
GOOGL$1.5M$42.6M−$41.1M
SNDK$809.2K$40.1M−$39.3M
MU$0$40.3M−$40.3M
SOXL$0$30.1M−$30.1M
INTC$776.7K$28.1M−$27.3M

Where whale liquidations sit

MarketSideLiquidation priceDistanceNotional
KIOXIASHORTS59.15+6.7%$120.0K
NBISSHORTS143.93+8.7%$523.9K
DKNGLONGS15.42−9.6%$110.1K
USARSHORTS8.55+9.8%$136.1K
SMSNSHORTS159.39+10.9%$2.3M
SOXLSHORTS55.25+11.8%$10.7M
ARMSHORTS204.82+13.4%$153.4K
PLTRSHORTS179.94+13.8%$99.1K

Whale moves since the last close

MarketWalletMoveSize
XYZ1000xfc66…ca06cut SHORT$46.0M → $23.2M
SP5000xfc66…ca06cut SHORT$25.4M → $19.5M
SP5000xd8c5…99b0added to SHORT$2.7M → $21.1M
SKHX0x0242…ffa1cut SHORT$19.9M → $16.2M
SNDK0x0242…ffa1added to SHORT$16.3M → $18.0M
SP500BobbyBigSizecut LONG$15.4M → $5.8M
XYZ1000xd8c5…99b0added to SHORT$12.2M → $13.7M
SKHYBobbyBigSizecut LONG$12.9M → $10.8M
SKHX0xfc66…ca06added to SHORT$8.3M → $12.5M
SOXL0xfc27…9d9dadded to SHORT$3.9M → $10.7M
META0x0242…ffa1cut SHORT$10.4M → $8.5M
SP5000xecb6…2b00flipped LONG$4.6M → $7.4M

And 197 smaller moves.

Positions read on trade.xyz at 14:26 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 14:26 UTC. WhaleTape does not recommend buying or selling any security or perp. Not investment advice.