Open interest
Chart$352.9M +3.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| trade.xyz | $223.8M | +6.2% |
| MEXC | $41.2M | +1.7% |
| Polymarket Perps | $34.9M | +0.9% |
| Variational | $30.9M | +5.3% |
Indices, ETFs and rates perp · up to 200x · 16 venues
S&P 500 perpetual futures (US500)
At 03:02 UTC on November 12, 2026, the S&P 500 (US500) perp traded at 7,596.8 (+0.53% over 24 hours), with $352.9M in open interest across 16 venues, led by trade.xyz with 63%. Maximum leverage is 200x, on MEXC; open-interest-weighted funding is negative at 2.3% annualized, paid to longs.
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As of
- Veranta, 170 markets
- trade.xyz, 110 markets
- Lighter, 209 markets
- Paradex, 66 markets
- Extended, 340 markets
- QFEX, 237 markets
- Orderly, 142 markets
- Variational, 588 markets
- Polymarket Perps, 1 markets
- Pacifica, 78 markets
- Aevo, unavailable
- Ostium, 83 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
7,596.8Live
Loading the price chart.
US500 at a glance
Volume, 24h
Chart$663.9M -13.1% d/d
- Volume / OI
- 2.11x
- Nov 11, full day
- $668.7M
- Nov 5: $1.2B
- Nov 6: $798.4M
- Nov 7: $42.4M
- Nov 8: $152.8M
- Nov 9: $744.4M
- Nov 10: $769.3M
- Nov 11: $668.7M
Funding
Chart-2.3% a year
- Widest venue gap
- 49.1% long Pacifica, short Orderly
- Paid over 24h, trade.xyz
- +0.004% longs paid
Liquidations
Chart$0 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | – | $0 |
| 4h | – | $0 |
| 24h | – | $0 |
| 7d | $66.7K |
Taker flow
No trade data for this market.
Long vs short
Accounts52% long, large accounts
- Long / short
- $91.4M / $84.9M
- Accounts
- 21 long · 21 short (1.00 L/S)
- Veranta, every trader
- 49% long of $2.6M
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $10.8M
- Shorts, price up 5%
- $47.9M
- Heaviest long level
- $4.5M near 7,454.3 (-1.9%)
- Heaviest short level
- $38.8M near 7,834.2 (+3.1%)
US500 at your leverage
- Liquidation price
- 6,854.2 −9.8% from 7,596.8 on MEXC
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- +$53.00 +5.3% of margin from the 24-hour change
- Hold a day
- +$1.83 Funding pays this side today
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| MEXC | Yes | 6,854.2 | −9.8% | +$1.83 |
| Ostium | Yes | 6,856.1 | −9.8% | −$0.90 |
| Gate | Yes | 6,871.5 | −9.5% | $0.00 |
| trade.xyz | Yes | 6,906.2 | −9.1% | +$0.81 |
| Polymarket Perps | Yes | 6,906.2 | −9.1% | −$1.50 |
| Bitget | Yes | 6,906.2 | −9.1% | $0.00 |
| Lighter | Yes | 6,920.1 | −8.9% | −$0.96 |
| Veranta | Yes | 6,951.0 | −8.5% | +$0.56 |
| QFEX | Yes | 6,953.0 | −8.5% | $0.00 |
| HTX | Yes | 6,953.0 | −8.5% | −$1.50 |
| Extended | Yes | 6,976.6 | −8.2% | −$0.48 |
| Orderly | Yes | 7,012.4 | −7.7% | −$3.00 |
| Pacifica | Yes | 7,012.4 | −7.7% | +$10.46 |
| OKX | Yes | 7,012.4 | −7.7% | $0.00 |
Below 10x:Paradex Variational cap not published
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- SPYSPDR S&P 500 ETF Trust100x
- KORUDirexion Daily MSCI South Korea Bull 3X ETF50x
- DRAMRoundhill Memory ETF100x
- BTCBitcoin1000x
- ETHEther1000x
- SOLSolana500x
- HYPEHyperliquid150x
SOXL
QQQ
SPY
KORU
DRAM
HYPEUS500 perpetual market
Funding spread 49.1% · long Pacifica, short Orderly · Price dispersion 19.2 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 2 venues that cap below your 10x.
| trade.xyz | xyz:SP500 | 7,597.0 | +0.53% | $223.8M | +6.2% | 63% | $368.3M | 1.65x | -2.9% | 50x |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | SPX500_USDT | 7,595.7 | +0.52% | $41.2M | +1.7% | 12% | $14.4M | 0.35x | -6.7% | 200x |
| Polymarket Perps | SP500-USD | 7,596.2 | +0.52% | $34.9M | +0.9% | 9.9% | not published | – | +5.5% | 50x |
| Variational | US500S | 7,594.9 | +0.57% | $30.9M | +5.3% | 8.8% | $237.1M | 7.67x | – | – |
| QFEX | US500-USD | 7,596.1 | +0.54% | $6.4M | -31.2% | 1.8% | $30.5M | 4.79x | 0.0% | 30x |
| Bitget | SP500USDT | 7,607.4 | +0.43% | $5.8M | +0.6% | 1.6% | $492.1K | 0.09x | 0.0% | 50x |
| Extended | SPX500m-USD | 7,599.9 | +0.58% | $2.8M | -6.8% | 0.8% | $1.0M | 0.36x | +1.8% | 25x |
| Veranta | US500/USD | – | – | $2.6M | +0.1% | 0.7% | not published | – | -2.0% | 25x |
| Lighter | US500 | 7,597.9 | +0.39% | $1.1M | +60.2% | 0.3% | $11.1M | 10.38x | +3.5% | 50x |
| Ostium | SPX/USD | 7,602.2 | +0.58% | $956.7K | -4.0% | 0.3% | not published | – | 0.0% | 100x |
| Gate | SPX500_USDT | 7,594.0 | +0.51% | $679.3K | +2.2% | 0.2% | $36.7K | 0.05x | 0.0% | 100x |
| HTX | SPX500-USDT | 7,592.8 | +0.51% | $485.8K | +0.4% | 0.1% | $194.4K | 0.40x | +5.5% | 30x |
| Pacifica | SP500 | 7,598.0 | +0.54% | $474.6K | +4.3% | 0.1% | $66.7K | 0.14x | -38.2% | 20x |
| Orderly | PERP_SPX500_USDC | 7,597.7 | +0.59% | $436.1K | +11.3% | 0.1% | $539.7K | 1.24x | +10.9% | 20x |
| OKX | US500-USDT-SWAP | 7,599.7 | +0.38% | $337.9K | -5.0% | <0.1% | $108.2K | 0.32x | 0.0% | 20x |
| Paradex | US500-USD-PERP | 7,596.5 | +0.55% | $28.5K | -60.9% | <0.1% | $22.4K | 0.79x | +5.3% | 5x |
| All venues | 7,596.8 | +0.53% | $352.9M | +3.8% | 100% | $663.9M | 2.11x | -2.3% | 200x |
US500 funding rate
US500 funding is -2.3% a year, weighted by open interest across 16 venues, with 49.1% between the highest and lowest venue.
US500 funding settlements, 7 days
Veranta
Latest settled +0.9% APR · hourly
trade.xyz
Latest settled +0.9% APR · hourly
Lighter
Latest settled +3.5% APR · hourly
Paradex
Latest settled +2.9% APR · every 8h
Extended
Latest settled +3.5% APR · hourly
QFEX
Latest settled +1.1% APR · hourly
Orderly
Latest settled +10.9% APR · every 8h
Polymarket Perps
Latest settled +5.5% APR · hourly
Pacifica
Latest settled -39.7% APR · hourly
Ostium
Latest settled 0.0% APR · hourly
OKX
Latest settled 0.0% APR · every 8h
Bitget
Latest settled 0.0% APR · every 8h
Gate
Latest settled 0.0% APR · every 8h
MEXC
Latest settled -6.4% APR · every 8h
HTX
Latest settled +5.5% APR · hourly
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Veranta | 167 | +4.4% | -90.3% | +48.1% | 86% of hours |
| trade.xyz | 168 | +3.9% | -77.4% | +44.1% | 85% of hours |
| Lighter | 167 | +3.0% | -62.2% | +22.8% | 98% of hours |
| Paradex | 167 | +5.2% | -30.2% | +14.1% | 97% of hours |
| Extended | 167 | +1.7% | -154.2% | +38.5% | 97% of hours |
| QFEX | 167 | +4.0% | -4.0% | +17.5% | 56% of hours |
| Orderly | 29 | -10.2% | -40.6% | +11.0% | 38% of hours |
| Polymarket Perps | 167 | +8.2% | -52.1% | +71.8% | 98% of hours |
| Pacifica | 167 | +4.5% | -73.3% | +69.3% | 81% of hours |
| Ostium | 167 | 0.0% | 0.0% | 0.0% | 0% of hours |
| OKX | 29 | +9.2% | 0.0% | +47.9% | 38% of hours |
| Bitget | 29 | +13.8% | 0.0% | +121.0% | 28% of hours |
| Gate | 29 | 0.0% | 0.0% | 0.0% | 0% of hours |
| MEXC | 29 | +2.5% | -21.9% | +9.9% | 71% of hours |
| HTX | 167 | +3.6% | -138.7% | +5.5% | 98% of hours |
US500 open interest
US500 open interest is $352.9M across 16 venues.
US500 liquidation map
Range
Current price 7,596.7. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| 6,913.0 to 6,931.9 | $51.4M | $0 |
| 7,824.5 to 7,843.5 | $0 | $38.8M |
| 6,950.9 to 6,969.9 | $13.9M | $0 |
| 8,071.4 to 8,090.4 | $0 | $10.0M |
| 7,444.7 to 7,463.7 | $4.5M | $0 |
| 7,273.8 to 7,292.8 | $4.2M | $0 |
| 7,976.5 to 7,995.5 | $0 | $3.1M |
| 8,242.4 to 8,261.4 | $0 | $2.3M |
| 8,204.4 to 8,223.4 | $0 | $2.0M |
| 7,710.6 to 7,729.6 | $0 | $1.9M |
| 7,862.5 to 7,881.5 | $0 | $1.8M |
| 7,900.5 to 7,919.5 | $0 | $1.6M |
398 accounts on trade.xyz · $190.5M long · $182.3M short · Nov 12, 02:00 UTC
US500 liquidation history
US500 long and short liquidations by venue.
US500 volume and order flow
$663.9M of US500 traded in the last 24 hours across 16 venues.
US500 order book and taker flow
trade.xyz
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | – | – | – | – |
| 4 hours | – | – | – | – |
| 12 hours | – | – | – | – |
| 24 hours | – | – | – | – |
| 3 days | $604.4M | $535.1M | +$69.3M | 53% |
| 7 days | – | – | – | – |
US500 large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 12, 02:26 UTC | trade.xyz | Taker sell | $126.0K | 7,598.1 |
| Nov 12, 02:26 UTC | trade.xyz | Taker sell | $141.6K | 7,596.9 |
| Nov 12, 02:26 UTC | trade.xyz | Taker buy | $119.5K | 7,597.0 |
| Nov 12, 02:26 UTC | trade.xyz | Taker sell | $6.1M | 7,595.3 |
| Nov 12, 02:20 UTC | trade.xyz | Taker buy | $160.6K | 7,602.0 |
| Nov 12, 02:20 UTC | trade.xyz | Taker buy | $184.5K | 7,602.0 |
| Nov 12, 02:16 UTC | trade.xyz | Taker buy | $409.8K | 7,597.3 |
| Nov 12, 01:57 UTC | trade.xyz | Taker sell | $345.9K | 7,590.1 |
| Nov 12, 01:34 UTC | trade.xyz | Taker buy | $242.8K | 7,586.3 |
| Nov 11, 22:12 UTC | trade.xyz | Taker buy | $231.1K | 7,625.1 |
US500 news
Loading the latest US500 headlines.
S&P 500 coverage
Perps stories
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- US index perps can drop their expiry dates, but only until October 20Policy ·
- S&P 500 perp's drop would have wiped the most‑leveraged longsMarkets ·
US500 listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Oct 9, 2026 to Nov 11, 2026 | Veranta US500/USD | Max leverage moves between 25x and 100x (50 changes), now 25x |