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Home Perpetuals How to Buy US 500
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How to Buy US 500 (US500)

Trade a US500 perpetual on Hyperliquid via Fexr in three steps. Self-custody, no KYC in eligible regions, AI-assisted execution.

This is a perpetual, not the asset itselfOn Fexr you trade a perpetual futures contract on the price of US 500. You do not own the shares in the index, receive dividends, or hold voting rights. Positions are margined and settled in USDC. If you would rather hold something, Fexr's spot market lists SPY, a token that tracks it.
1

Get a Wallet

Download the Fexr wallet app (iOS or Android) or connect any EVM-compatible wallet — MetaMask, Ledger, Tangem. Set a spending cap: this is the maximum Fexr can ever use on your behalf.

2

Fund with USDC

Deposit USDC to your Fexr account via Arbitrum. USDC bridges to Hyperliquid automatically — typically 1–3 minutes.

  • Already have USDC on another chain? Bridge to Arbitrum via Arbitrum Bridge
  • Need to buy USDC with fiat? Use a CEX (Coinbase, Binance) then transfer to Arbitrum
  • Minimum deposit: $10 USDC
3

Open a US500 position

Tell the Fexr AI assistant what you want: "Buy $100 of US500 at market." The assistant shows you the position and fee before you confirm.

  • Market orders fill straight away, close to the current price, or cancel
  • Recurring buys: a fixed amount on a schedule, inside your spending cap
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FAQ

Buying US 500 — Common Questions

01. What is the minimum amount to buy US500?

$10 per order. That's Hyperliquid's minimum order value, and Fexr checks it before the order is sent.

No KYC required for eligible regions. Fexr is self-custody — you hold your own keys. Geographic restrictions apply (USA, UK retail, Ontario, Belgium, OFAC territories).

Trading US500: Hyperliquid's trading fee plus a small Fexr fee. Depositing USDC over Arbitrum costs well under a cent in gas.

There is nothing to withdraw but USDC. A US500 perpetual is cash-settled: positions open and close in USDC, which withdraws via Arbitrum. Withdrawals always return to your own wallet — Fexr cannot send funds to third parties.

Your funds stay in your own wallet. Fexr holds a capped, revocable trading permission — not custody of your assets. You can revoke it anytime.