[On-chain stock futures] CoreWeave trades 4.12% below cash close

On-chain stock futures were trading ahead of the U.S. regular session at 7:00 a.m. Friday in New York. Hyperliquid’s 24/7 xyz market listed 135 instruments, with $4.10 billion in 24-hour volume and $3.77 billion in open interest.

CoreWeave showed the widest gap from its latest cash close, trading at $66.82, a 4.12% discount to $69.69. Tesla traded 3.91% above its $362.44 close at $376.61. The Semis 3x ETF was 3.52% below its cash close, while SanDisk and Micron traded at discounts of 2.10% and 2.03%, respectively.

SK hynix led 24-hour turnover with $449.64 million, followed by the S&P 500 at $365.98 million, the Nasdaq 100 at $323.88 million, NVIDIA at $224.60 million and SanDisk at $219.42 million.

The South Korea 3x ETF was the strongest 24-hour gainer, rising 12.68%, followed by Circle at 11.21% and CoreWeave at 9.31%. Apple fell 1.06%, while AMD, Intel, NVIDIA and gold posted gains ranging from 0.07% to 0.47%.

US stocks generated the most volume by asset class at $1.42 billion. Indices recorded $697.93 million, Korea-linked instruments $577.09 million and commodities $473.15 million. WTI crude led commodities with $176.05 million, while SpaceX topped private-company contracts with $171.74 million.

[Editor’s note] Hyperliquid’s xyz market offers blockchain-based perpetual contracts that trade around the clock across stocks, indices, commodities, foreign exchange and private-company names. These instruments do not represent ownership of the underlying assets, and prices may diverge from regular-session closes while listing exchanges are shut.