ZM (xyz) on Hyperliquid
4% fee discount with referral code HYPERLAB
ZM (xyz) on Hyperliquid — price $97.484 (-0.47% 24h), funding -0.0009%/1h, open interest $282.2K, 24h volume $100.4K. Annualized funding -7.8%. Source: Hyperliquid official · as of 2026-10-28 04:30 UTC
- Trading status
- Live
- Max leverage
- 10×
- Margin mode
- Normal Isolated
- Open interest cap
- Capped — value not published
- Funding settlement
- Hourly (1h)
- Funding multiplier
- 0.5
- Oracle basis (underlying)
- ZM / USD
- Trading hours
- 24/7 on Hyperliquid · underlying: NYSE / Nasdaq
Contract spec from operator documentation · 2026-10-25 · snapshot as of 2026-10-28 04:30 UTC
Open/closed is computed server-side and the page is cached for up to an hour, so the status can lag — read the times above.
- Max leverage
- 10×
- Open interest cap
- Capped — value not published
- Oracle basis (underlying)
- ZM / USD
- Margin mode
- Normal Isolated
- Discovery bound
- ±10%
- Funding rate multiplier
- 0.5
- External pricing session
- 24/5, from Sunday 8:05 PM ET to Friday 8:00 PM ET
- Internal pricing session
- Friday 8:00 PM to Sunday 8:05 PM ET, and follows equities holidays & trading hours.
Source: trade[XYZ] operator documentation (Specification Index, Holiday Closures, Roll Schedules), synced weekly. · 2026-10-25
The ZM (xyz) perpetual trades 24/7 on Hyperliquid, including while NYSE / Nasdaq 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 Stocks 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-zm-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.
xyz:ZM is a perpetual futures market on the xyz builder dex, built on Hyperliquid via the HIP-3 framework, offering synthetic price exposure to Zoom, the video communications software company. Traders open long or short positions referencing Zoom's public share price via an oracle feed, with up to 10x leverage, rather than holding actual shares. As a HIP-3 builder market, xyz sets its own margin requirements, funding rates, and oracle sourcing independently of Hyperliquid's core protocol and validators. Zoom's share price can be sensitive to enterprise software demand trends, competition in the video-conferencing and collaboration space, and broader tech-sector sentiment. Traders should treat this as a leveraged derivative wrapper referencing an equity price feed — not custody of the stock — and manage position size carefully given both crypto-market volatility and software-sector-specific swings tied to the underlying company's fundamentals and earnings results.
What is xyz:ZM?
A perpetual contract on the xyz builder dex tracking Zoom's share price via an oracle feed, offering synthetic exposure with up to 10x leverage, not actual share ownership.
What typically drives Zoom's stock price?
Enterprise software demand trends, competitive dynamics in video conferencing and collaboration tools, and broader tech-sector sentiment, along with quarterly earnings results.
Does trading xyz:ZM give me shareholder rights?
No. It's a leveraged derivative contract with no dividends, voting rights, or equity ownership — only price exposure through the xyz builder dex.
What is the ZM (xyz) funding rate on Hyperliquid?
As of the latest snapshot, ZM (xyz) funding is -0.0009%/1h (≈ -7.8% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 04:30 UTC.
What are ZM (xyz)'s 24h volume and open interest?
ZM (xyz) currently has $100.4K in 24h volume and $282.2K in open interest. As of 2026-10-28 04:30 UTC.
What is the max leverage for ZM (xyz)?
ZM (xyz) supports up to 10× leverage on Hyperliquid (margin mode: Normal Isolated).
How can I trade ZM (xyz) on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the ZM (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 10× on this market), so positions can be liquidated — size positions conservatively.