USA500: USA500 Perps

USA500 is a perpetual futures contract on Polymarket that tracks the price of USA500 (USA500). It lets you go long or short on USA500 using pUSD as collateral, with no expiry date, so you can hold your position as long as you want. Right now, USA500 is trading at $7,768.6, down 0.37% in the last 24 hours.

You can trade USA500 with up to 50x leverage on Polymarket. The default margin mode is Isolated. For example, with 50x leverage and a $1,000 position, you're controlling $50,000.00 worth of USA500. Higher leverage amplifies both gains and losses, and at current settings, a 50x long position would have a liquidation price around $7,688.4.

USA500 uses two prices. The oracle price (7,768.6) reflects USA500's real-time index level from external data feeds. The mark price (7,766.9) is Polymarket's calculated fair value used for P&L and liquidations. Right now, the spread between mark and oracle is just $1.7 (0.02%), which means the contract is tracking USA500's spot price very closely. A funding rate of 0.0006% is applied every 0:16:45 to keep these prices aligned.

Yes. On the USA500 trading page, select Short at the top of the order panel, set your amount and leverage (up to 50x), and hit Trade. You'll profit when USA500's price drops.

In the last 24 hours, USA500 has done $5,174,415.97 in trading volume with $24,058,755.27 in open interest. The order book is currently showing $5,174,415.97 in total volume. You can view the full order book depth directly on the USA500 page by expanding the Order book section.