Index perps: S&P 500 and Nasdaq direction from a crypto wallet

Index futures are how professionals express a macro view, and the retail path to them runs through a futures broker, margin agreements and contract specs. An index perpetual compresses that to one on-chain ticket. As of August 2026 the catalog covers seven benchmarks: SPX, NDX, DJI, DAX, FTSE, the Nikkei and the Hang Seng.

See the index listGet it on Google Play

Global coverage in one list

The set spans the three sessions, so there is nearly always an index in hours somewhere.

  • US: SPX (S&P 500), NDX (Nasdaq 100), DJI (Dow Jones)
  • Europe: DAX (quoted in EUR), FTSE 100 (quoted in GBP)
  • Asia: Nikkei 225 (quoted in JPY), Hang Seng (quoted in HKD)

Why an index instead of single names

An index position is a macro position: it prices the market, not one earnings call. Crypto traders reach for SPX or NDX perps to hedge risk-on exposure or to trade the same CPI-print volatility that moves BTC, without holding 500 stocks or a futures account.

Each index keeps its exchange hours

The DAX trades Frankfurt hours, the Nikkei trades Tokyo hours, and the US benchmarks trade New York hours. Unlike crypto, these markets keep exchange hours. The app shows a closed state outside them and blocks new orders until the market reopens, so a ticket never dies on-chain against a closed book.

One wallet, indices next to crypto

Orders route to Ostium on Arbitrum, margined in USDC from the same self-custodial wallet that trades your crypto perps. Filter the markets list to Indices and the ticket works like any other perp: leverage, take-profit, stop-loss, live PnL.

Questions

Is an index perp the same as an ES or NQ future?
It targets the same underlying direction but the instrument differs: no expiry, no contract roll, funding instead of basis, USDC margin instead of a futures margin account. For pure direction it is the simpler instrument; for CME-specific basis trades it is not a substitute.
When can I trade the S&P 500 perp?
During US equity market hours, because the oracle tracks the live index. Outside them the market shows as closed and new orders are blocked. The European and Asian indices follow their own exchange calendars, including local holidays.
Why are some indices quoted in EUR, GBP or JPY?
Each index perp is quoted in its home currency, matching how the underlying trades: DAX in euros, FTSE in sterling, Nikkei in yen, Hang Seng in Hong Kong dollars. Your margin and PnL still settle in USDC.
Can I hedge a crypto portfolio with these?
A short NDX or SPX perp is a common macro hedge for risk-on portfolios, since crypto and US equities have traded correlated in risk-off moves. Whether it hedges your book depends on your holdings; it is a directional instrument, not a guarantee.

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Hypertradeworx is an independent trading terminal. It is not built, operated or endorsed by Ostium or any other venue it routes to. Nothing here is investment advice, and perpetual futures can lose more than your initial margin.