JP225 perp markets on Hyperliquid
Non-US stocks & indices · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:JP225growth | 66,511 | 66,603 | -13.8 bps | -0.08% | -0.00698% | -61.1% | $3.30M | $25.00M | 13% | $39K | 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 | 66,428.8 | 0.00063% | 5.5% | $950 | $210K | Trade |
JP225 volume spikes
JP225 across exchanges →No JP225 volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
JP225 perp FAQ
What is the JP225 funding rate on Hyperliquid?
-0.00698% per hour on trade.xyz right now (-61.1% APR), so shorts pay longs. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (-0.0558% per 8h).
How closely does the JP225 perp track the underlying?
The trade.xyz mark is 66,511 against an oracle of 66,603, a basis of -13.8 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; $3.30M is in use right now (13%). When a market reaches its cap, orders that would add open interest are rejected until it falls.