You can trade stock perpetual futures on Hyperliquid 24/7, including AAPL, TSLA, NVDA, GOOGL, META, AMZN, and MSFT. These are USDC-settled perp contracts that track stock prices using oracle feeds, not actual shares. Through 10X, you can access them from iPhone or desktop with no brokerage account, no KYC, and up to 20x leverage.
Stock perps aren't stocks. You're not buying shares of Apple or Tesla. You're trading a perpetual futures contract that tracks the stock price. Your PnL is settled in USDC based on price movement. No dividends, no voting rights, no K-1 forms.
The price is sourced from an oracle that pulls from major exchanges (NYSE, NASDAQ). During US market hours, the perp price tracks the stock closely. After hours and on weekends, the perp trades on its own based on supply and demand from Hyperliquid traders.
As of April 2026, Hyperliquid lists perpetual futures for the top US equities: AAPL, TSLA, NVDA, GOOGL, META, AMZN, and MSFT. New stock perps get added through Hyperliquid's HIP-3 mechanism when someone puts up the collateral to list them.
The leverage limit for stock perps is typically lower than crypto. Most support up to 20x, compared to 40x-50x for BTC and ETH. This reflects the lower volatility of equities.
Three reasons. First: 24/7 access. Traditional stock markets close at 4 PM ET and don't open on weekends. Stock perps trade around the clock. If NVDA drops on a Saturday earnings leak, you can trade it immediately.
Second: no brokerage. You don't need a Robinhood account, a Schwab account, or a FINRA-approved broker. Connect a wallet, deposit USDC, trade. No country restrictions, no accredited investor requirements.
Third: leverage. Robinhood gives you 2x margin on stocks. Hyperliquid gives you up to 20x. Whether you should use 20x on a stock perp is a separate question. The option is there.
Stock perps are useful precisely because they are always on. A mobile trader can react to after-hours news, weekend crypto-market risk, or a major tech headline without waiting for a brokerage app to reopen regular market hours.
The 10X iOS app makes that behavior practical: one app for crypto, stock, and commodity perps, all settled in USDC on Hyperliquid.
Liquidity is thinner than crypto perps. BTC perps do billions in daily volume. AAPL perps do millions. The spread can be wider, and large orders can move the price.
Weekends and after-hours can drift. If TSLA's perp trades at $320 on Saturday and the stock opens at $300 Monday morning, the perp will gap down to match. If you're long over the weekend, you eat that gap.
Oracle delays can matter during fast moves. The oracle updates every few seconds, but in a flash crash scenario, the perp might trade ahead of the oracle, leading to unexpected liquidations.
No. Stock perps are derivative contracts that track stock prices. You don't own shares, receive dividends, or have shareholder rights. Your PnL is settled in USDC.
Yes. Stock perps on Hyperliquid trade 24/7/365. During weekends, trading is thinner and the price may drift from Friday's close, then snap back when US markets reopen Monday.
Most stock perps support up to 20x leverage on Hyperliquid. This is lower than crypto perps (which go up to 40x-50x) because stocks have different risk profiles.
Yes, the same 8-hour funding mechanism as crypto perps. Rates tend to be lower and more stable for stocks since the price swings are smaller.
Stock perps on decentralized exchanges exist in a regulatory gray area. They're permissionless smart contracts, not regulated financial products. Consult a lawyer if you're unsure about your jurisdiction.
Download the iOS app or open the desktop app. Self-custodial. No KYC. 150+ markets.
Last updated 2026-05-17