S&P 500 (SP500) Perp Price
Go long or short on the S&P 500 with perpetual futures (perps), on fomo web and mobile.
Mark price
past 24 hours
Not available in the U.S. or to U.S. persons.
S&P 500 perp price chart
Closing trade prices from Hyperliquid, in your time zone.
Market Stats
- Oracle price
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- Funding (1h)
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- Open interest
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- 24h volume
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- Max leverage
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Oracle price: from outside markets Sunday 6 PM to Friday 5 PM ET, except 5 to 6 PM ET Monday to Thursday; from Trade[XYZ]’s own order book at other times and on market holidays. Live data from Hyperliquid.
S&P 500 perps on fomo
- Funding
- Paid every hour, by one side to the other
- Provided by
- Trade[XYZ]
- Fees
- fomo 0.05% per trade + protocol trading fee
Perps are leveraged and carry a high risk of fast losses. Stock and commodity perps may not have the insurance fund or backstop protections some other markets have. That raises the risk that the protocol reduces or closes positions, even profitable ones, at prices it sets (auto-deleveraging).
What is an S&P 500 perp?
An S&P 500 perp follows the S&P 500, an index of 500 leading U.S. public companies weighted by market value. Go long or short on the whole index in one position, with leverage. You don’t own the index’s shares, and the perp has no expiry date. On fomo, S&P 500 perps are provided by Trade[XYZ], with up to 50x leverage, on web, iOS and Android.
How to trade S&P 500 perps on fomo
- Log in to fomo on web or mobile, confirm you’re not a U.S. Person, and move USDC into your perps cash balance (minimum 5 USDC).
- Open Perps and pick SP500.
- Pick long or short, set your size (minimum 15 USDC, including leverage) and leverage, pick isolated or cross margin, add take profit or stop loss, and confirm.
What moves the S&P 500
- Interest rates
- What traders expect from the Federal Reserve can lift or weigh on the whole index.
- Earnings
- Company results move the index, and its largest members, many of them in tech, carry the most weight.
- The economy
- Jobs, inflation and growth data shape what investors expect for profits and rates.
Popular index perps on fomo
Every Hyperliquid and Trade[XYZ] perps market is tradeable on fomo: crypto, stocks, indices, commodities and pre-IPO. Each market page shows the live mark price, a price chart, funding and open interest.
| Market | Price | 24h change | Max leverage |
|---|---|---|---|
S&P 500 SP500 · Index | -- | -- | -- |
 XYZ U.S. 100 XYZ100 · Index | -- | -- | -- |
 Japan 225 JP225 · Index | -- | -- | -- |
Mark prices from Hyperliquid, refreshed every 20 seconds. Max leverage depends on the market.
Learn before you trade
S&P 500 perps FAQ
What leverage can I use on the S&P 500?
Up to 50x on fomo. Lower leverage gives your position more room before liquidation.
Learn more: Leverage on perps
S&P 500 perps vs an index fund: what’s the difference?
An S&P 500 fund holds the shares, so you own a slice of the companies and get their dividends. A perp only tracks the index, adds leverage, and lets you go short.
Is the S&P 500 perp officially licensed?
Yes. S&P Dow Jones Indices has licensed the S&P 500 to Trade[XYZ], which provides this perp.
Can I short the S&P 500 on fomo?
Yes. Choose short when you open the position if you think the index will fall. If it rises instead, the position loses value and can be liquidated.
Do S&P 500 perps expire?
No. A perp has no expiry date, so you can hold it as long as your margin holds up.
Updated November 2026. Product details come from fomo’s Terms of Service, Help Center and release notes; leverage and live data from Hyperliquid.