How often is funding paid on S&P500?

Hyperliquid funding is paid every hour between long and short holders. A positive rate means longs pay shorts; a negative rate means shorts pay longs. The rate can change each hour.

Is the S&P500 perpetual future the same as owning S&P 500?

No. This market is a derivative on the S&P 500 benchmark. It does not create ownership of an index fund or of the companies in the benchmark.

Can an AI agent trade S&P500 through Fensory?

Yes, when perpetual-futures trading is enabled and the market is on the account allow-list. The order cap, access expiry and kill-switch still apply, and the agent cannot withdraw funds.

When can the S&P500 perpetual future trade?

Continuous while the builder market is active. Reference-market closures can affect the oracle, spread and available liquidity, and the venue can pause a market.

Index perpetual future

S&P 500 perpetual futures funding and open interest

The S&P500 perpetual future tracks the venue reference price for the S&P 500 benchmark. It is a derivative with no expiry, not ownership of the companies represented by the benchmark.

Open S&P500 in the app Read the funding strategy

Current market snapshot

Hyperliquid data refreshed Oct 29, 2026, 7:38 PM UTC. This is a market reference, not a price guarantee. The terminal shows the executable order book before an order is placed.

Mark price: $7,706
Current funding: 0.00035% hourly
Open interest: $398.61M notional
24h volume: $268.39M
Max leverage: 50x
24h mark change: -0.39%

Data source: live API response.

Seven-day funding history

Daily averages summarize hourly payments. They show what happened in this window, not what the next funding payment will be.

S&P500 daily funding history
UTC date	Average	Low	High	Observations
2026-10-22	0.00032%	-0.00003%	0.00063%	5
2026-10-23	0.00043%	-0.00054%	0.00063%	24
2026-10-24	0.00037%	-0.00303%	0.00084%	24
2026-10-25	0.00058%	-0.00015%	0.00063%	24
2026-10-26	-0.00036%	-0.00110%	0.00040%	24
2026-10-27	-0.00055%	-0.00099%	0.00063%	24
2026-10-28	-0.00014%	-0.00065%	0.00050%	24
2026-10-29	0.00051%	0.00029%	0.00063%	19

Predicted funding across venues

Hyperliquid’s cross-venue prediction endpoint covers the core perpetual dex and does not publish this comparison for builder-deployed markets such as xyz:SP500. Current and historical funding above still come from the market itself.

Contract and trading hours

Venue market: xyz:SP500
Expiry: None. Funding is exchanged hourly
Margin: cross or isolated
Collateral: USDC margining on Hyperliquid
Hours: Continuous while the builder market is active. Reference-market closures can affect the oracle, spread and available liquidity, and the venue can pause a market.
Settlement: Cash-settled price exposure. No delivery of the referenced asset

Ask your assistant

The prompt asks for analysis and a draft. Account controls remain the final boundary if you later choose to submit an order.

“Review xyz:SP500 funding over the last seven days, current open interest, liquidity and my account limits. Draft a small limit order, but do not submit it.”

Questions people ask

What is the S&P500 perpetual future?: The S&P500 perpetual future tracks the venue reference price for the S&P 500 benchmark. It is a derivative with no expiry, not ownership of the companies represented by the benchmark.
How often is funding paid on S&P500?: Hyperliquid funding is paid every hour between long and short holders. A positive rate means longs pay shorts; a negative rate means shorts pay longs. The rate can change each hour.
Is the S&P500 perpetual future the same as owning S&P 500?: No. This market is a derivative on the S&P 500 benchmark. It does not create ownership of an index fund or of the companies in the benchmark.
Can an AI agent trade S&P500 through Fensory?: Yes, when perpetual-futures trading is enabled and the market is on the account allow-list. The order cap, access expiry and kill-switch still apply, and the agent cannot withdraw funds.
When can the S&P500 perpetual future trade?: Continuous while the builder market is active. Reference-market closures can affect the oracle, spread and available liquidity, and the venue can pause a market.