JPY perp markets on Hyperliquid
FX · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:JPYgrowth | 157.32 | 157.29 | +1.9 bps | +0.01% | 0.00000% | 0.0% | $29.17M | $100.00M | 29% | $619K | 50× | 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.
JPY volume spikes
JPY across exchanges →No JPY volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
JPY perp FAQ
What is the JPY funding rate on Hyperliquid?
0.00000% per hour on trade.xyz right now (0.0% APR), so neither side pays. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0000% per 8h).
How closely does the JPY perp track the underlying?
The trade.xyz mark is 157.32 against an oracle of 157.29, a basis of +1.9 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 JPY open interest cap?
trade.xyz caps xyz:JPY open interest at $100.00M; $29.17M is in use right now (29%). When a market reaches its cap, orders that would add open interest are rejected until it falls.