LoadingLoadingLoadingThe Japan 225 perpetual on Hyperliquid trades at 58,168 JPY index points, 0.3% lower than 24 hours ago, as of . Open interest is $3.0M, 24 hour volume is $1.8M and funding is 0.0031% an hour (longs pay shorts). It is a perpetual contract that follows the Japan 225 index, not the index itself or a share of any company in it, and it keeps trading when the index and index futures markets are closed.
Longs pay shorts
Venue: Hyperliquid, the xyz dex run by trade[XYZ], market xyz:JP225. Read . Refreshed about every hour.
The Japan cash session runs 9:00 to 11:30 AM and 12:30 to 3:30 PM Japan time (UTC+9), Monday to Friday. Outside it the venue reads index futures. The Hyperliquid perpetual does not stop: it trades all week and all weekend, and only the source of its price changes.
Schedule and pricing rules from trade[XYZ]'s documentation, read 2026-11-03. The venue can change them. Sources: Japan index pricing, Equity index pricing, How the oracle price works, Holiday closures, Contract specifications.
| Market | Price | 24h change | Funding per hour | Open interest | Hyperliquid market |
|---|---|---|---|---|---|
| WTI Crude Oil | $89.90 | +0.3% | 0.0047% | $174.0M | xyz:CL |
| Brent Crude Oil | $97.08 | -0.014% | 0.0047% | $393.9M | xyz:BRENTOIL |
| Gold | $4,076 | +0.1% | 0.0006% | $304.3M | xyz:GOLD |
| Silver | $52.09 | +0.2% | 0.0006% | $206.6M | xyz:SILVER |
| Natural Gas | $3.10 | +1.4% | 0.0008% | $24.6M | xyz:NATGAS |
| Copper | $6.27 | +0.0064% | 0.0006% | $8.5M | xyz:COPPER |
| Platinum | $1,539 | +1.1% | 0.0006% | $2.9M | xyz:PLATINUM |
| S&P 500 | $7,392 | +0.2% | 0.0006% | $384.4M | xyz:SP500 |
| XYZ100 | $26,980 | -0.022% | -0.0008% | $287.2M | xyz:XYZ100 |
| Palladium | $1,022 | -0.2% | -0.0015% | $2.1M | xyz:PALLADIUM |
| Diesel (ULSD) | $4.34 | +0.5% | 0.0101% | $119K | xyz:HO |
| Japan 225 (this page) | 58,168 | -0.3% | 0.0031% | $3.0M | xyz:JP225 |
| Korea 200 | 796.99 | -0.2% | -0.0036% | $1.0M | xyz:KR200 |
| NIFTY 50 | 24,783.00 | +0.4% | 0.0072% | $185K | xyz:NIFTY |
| EUR/USD | 1.1152 | -0.2% | 0.00000% | $31.0M | xyz:EUR |
| USD/JPY | 158.14 | -0.088% | 0.00000% | $33.0M | xyz:JPY |
| GBP/USD | 1.3349 | -0.3% | -0.0014% | $478K | xyz:GBP |
| SpaceX (SPCX) | $135.08 | +5.2% | 0.0006% | $163.1M | xyz:SPCX |
| Anthropic (ANT) | $97.96 | -10.7% | 0.0008% | $62.0M | xyz:ANT |
| OpenAI (OAI) | 1,329.7 | -2.8% | 0.0002% | $7.5M | io:OAI |
| Oura (OURA) | $48.33 | +0.2% | 0.00001% | $795K | xyz:OURA |
The venue reads the index futures price from Sunday 6:00 PM to Friday 5:00 PM ET, so it has no new price on weekends. Hyperliquid's perpetual keeps trading, and this page shows its latest price (58,168 JPY index points, read ). On a weekend that price is set by Hyperliquid traders, not by index trading.
Not exactly. In the Japan cash session the oracle is the index level. Outside it the venue reads index futures and converts them to an implied index level. The mark price shown here also reflects the perpetual's own order book.
Not directly. In the Japan cash session it follows the index itself. Outside it, while index futures trade, it follows those futures converted to an implied index level.
The price is the index's own level in Japanese yen, with no currency conversion, and profit and loss on index points is settled in USDC.
trade[XYZ] describes it as the native JPY level of the Japan 225, a price-weighted index of 225 leading Japanese equities. The venue's name for the index is Japan 225.
Hyperliquid lists a perpetual contract that follows the Japan 225 index. You get leveraged price exposure with no expiry date, not the index itself or a share of any company in it. Whether you can trade it depends on where you live, and AlphaYou shows research only in the US and Ontario.
The Japan 225 funding rate was 0.0031% per hour (about 27.3% a year) when read on . Longs pay shorts. Funding is a payment between longs and shorts every hour, not a fee paid to Hyperliquid, and it moves as the perpetual's price drifts from the market it follows.
Open interest in the Japan 225 perpetual was $3.0M and trading volume over the last 24 hours was $1.8M, with leverage up to 20x, read on .
No. Annualizing the current hourly rate illustrates that rate held constant for a year. Funding can change direction and magnitude. It is separate from entry and exit trading fees, and neither open interest nor trading volume tells you the cost of your own fill.
No. It reports where the perpetual traded at one moment, and it can move in either direction. This page is research, not investment advice.
Prices were read from Hyperliquid on and the page refreshes about every hour. Hyperliquid's own market page is the live source.