JP225 (xyz) on Hyperliquid
4% fee discount with referral code HYPERLAB
JP225 (xyz) on Hyperliquid — price $63,996 (+1.20% 24h), funding +0.0006%/1h, open interest $3.1M, 24h volume $2.0M. Annualized funding +5.5%. Source: Hyperliquid official · as of 2026-10-28 04:30 UTC
- Trading status
- Live
- Max leverage
- 20×
- Margin mode
- Normal Isolated
- Open interest cap
- Capped — value not published
- Funding settlement
- Hourly (1h)
- Funding multiplier
- 0.5
- Oracle basis (underlying)
- JP225 / JPY
- Daily history since
- 2026-04-09
Contract spec from operator documentation · 2026-10-25 · snapshot as of 2026-10-28 04:30 UTC
- Max leverage
- 20×
- Open interest cap
- Capped — value not published
- Oracle basis (underlying)
- JP225 / JPY
- Margin mode
- Normal Isolated
- Discovery bound
- ±5%
- Funding rate multiplier
- 0.5
- External pricing session
- Refer to Japan
- Internal pricing session
- Refer to Japan
Source: trade[XYZ] operator documentation (Specification Index, Holiday Closures, Roll Schedules), synced weekly. · 2026-10-25
The JP225 (xyz) perpetual trades 24/7 on Hyperliquid, including while the underlying market is closed. While the underlying market is shut the oracle stops using external quotes and advances an internal price anchored to the last external print, snapping back to the external reference once quotes resume. The Indices hub explains how that works for this asset class.
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/xyz-jp225-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
The Nikkei 225 is Japan's benchmark stock market index, tracking 225 major companies listed on the Tokyo Stock Exchange and widely used as a gauge of the Japanese economy. The xyz:JP225 market on the xyz builder dex is a HIP-3 synthetic perpetual that tracks the index level via an oracle — not an investment in the index constituents themselves, and not operated by Hyperliquid's core team. Traders can take leveraged directional exposure to the broad Japanese market, up to 20x, entirely on-chain. As a builder-operated index market, xyz:JP225 carries operational risk from the xyz builder plus oracle, liquidity, and liquidation risk. No profit is guaranteed.
What does the JP225 market track?
It tracks the level of the Nikkei 225 index, Japan's benchmark stock index, via an oracle on the xyz builder dex — a HIP-3 synthetic perpetual, not direct ownership of the constituent stocks.
How is this different from buying a Nikkei 225 index fund?
There's no fund unit ownership or brokerage account involved here — this is a builder-operated synthetic derivative priced by an oracle the xyz builder configures.
What leverage and risks apply?
Up to 20x leverage is available. Even broad indices can move sharply around macro events, and combined with leverage this raises liquidation risk; builder-operated and oracle/liquidity risk also apply.
What is the JP225 (xyz) funding rate on Hyperliquid?
As of the latest snapshot, JP225 (xyz) funding is +0.0006%/1h (≈ +5.5% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 04:30 UTC.
What are JP225 (xyz)'s 24h volume and open interest?
JP225 (xyz) currently has $2.0M in 24h volume and $3.1M in open interest. As of 2026-10-28 04:30 UTC.
What is JP225 (xyz)'s all-time high on Hyperliquid?
JP225 (xyz)'s all-time high is $73,441 on 2026-06-22; the all-time low is $55,000 on 2026-04-09. The 52-week range is $55,000–$73,441. As of 2026-10-28 04:30 UTC.
How can I trade JP225 (xyz) on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the JP225 (xyz) market (a HIP-3 builder-deployed market). Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 20× on this market), so positions can be liquidated — size positions conservatively.