Nikkei 225 (JP225) Perp on Hyperliquid (HIP-3)
Nikkei 225 (JP225) perpetual futures on Hyperliquid's HIP-3 dexes (Non-US stocks & indices): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
JP225 trades on 1 HIP-3 dex; on trade.xyz the mark is 61,480 against an oracle of 61,468, a basis of +2.0 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $1.20M, with trade.xyz at 10% of its $25.00M cap, and $1.57M traded in 24 hours. On HTX the JP225-USDT perp funds at 0.00063% per hour (5.5% APR).
Market health
no active flags- ✓No flagsAvailable data: No JP225 market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
trade.xyzFunding multiplier ×0.5. trade.xyz applies a funding multiplier of ×0.5 to xyz:JP225, scaling the rate Hyperliquid's funding formula would otherwise give.
JP225 perp markets on Hyperliquid
Non-US stocks & indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:JP225growth | 61,480 | 61,468 | +2.0 bps | +0.53% | 0.00063% | 5.5% | ×0.5 | $1.20M | $25.00M | 10% | $1.57M | 20× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle. Trade links go to the exchange and may be referral links.
JP225 perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| HTX JP225-USDT | 61,584 | 0.00063% | 5.5% | $5,463 | $11K | Trade |
JP225 contract history
History for xyz:JP225 only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
xyz:JP225Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:JP225 observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00055% | 0.0044% | 24/24 | |
| 0.00073% | 0.0058% | 24/24 | |
| 0.00064% | 0.0051% | 24/24 | |
| 0.00046% | 0.0037% | 24/24 | |
| 0.00015% | 0.0012% | 24/24 | |
| 0.00414% | 0.0331% | 24/24 | |
| 0.00504% | 0.0403% | 24/24 |
Only xyz:JP225: means of recorded hourly quoted funding, not settled payments or realised returns. Hourly means divide the normalized 8h quotes by eight. Coverage counts observed hours out of 24; missing hours are excluded, not treated as zero. Missing dates remain unavailable. The current UTC day is excluded. Annualised projections assume a rate continues and are not historical earnings.
JP225 volume spikes
JP225 across exchanges →No recent JP225 volume spikes. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
JP225 perp FAQ
What is the JP225 price on Hyperliquid?
The JP225 perp mark is 61,480 on trade.xyz, against an oracle of 61,468. The perp mark is not the exchange-listed underlying price: it is the price of the perpetual contract, and can differ from the underlying. Missing values appear as a dash.
What is the JP225 funding rate on Hyperliquid?
0.00063% per hour on trade.xyz right now (5.5% APR), so longs pay shorts. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0050% per 8h).
How closely does the JP225 perp track the underlying?
The trade.xyz mark is 61,480 against an oracle of 61,468, a basis of +2.0 bps. Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source).
What is the JP225 open interest cap?
trade.xyz caps xyz:JP225 open interest at $25.00M, measured the way Hyperliquid counts it (long and short sides together); 10% of the cap is in use right now. When a market reaches its cap, orders that would add open interest are rejected until it falls.