JP225

Nikkei 225 Index (JP225) Perpetuals on Hyperliquid

JP225-PERP via trade.xyz · HIP-3 Index · Live Price, Funding Rate & Trading
Concept211
Reviewed by Concept211 · Hyperliquid Guide editorial team
Active Hyperliquid trader since February 2024. Trades perpetuals on Hyperliquid daily, builds automated trading bots on the Hyperliquid API, and tests every market against the live trade.xyz interface before publishing.
Last reviewed:
$68,616.00+3.21%

Auto-refreshes every 30s · Max leverage: 20x

24h Volume
$930.1K
Open Interest
$2.30M
33.555 JP225
Funding Rate (1h)
+0.0066%
Annualized: +57.68%
Mark vs Oracle
+0.1537%
Premium

Quick Summary — What is JP225 on Hyperliquid?

JP225 (Nikkei 225 Index) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a index perpetual — not a token — and tracks the Nikkei 225 Index price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 20x leverage. As of May 2026, JP225 perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional index markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder.

How to Trade Nikkei 225 Index (JP225) on Hyperliquid

The Nikkei 225 is Japan's premier stock market index. Trade JP225 perpetual futures on Hyperliquid via trade.xyz for 24/7 Japanese equity exposure.

JP225 is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 20x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

Why Trade JP225 on Hyperliquid?

Hyperliquid offers distinct advantages for index traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional index markets are closed. Self-custody ensures you retain full control of your funds at all times.

Key Market Facts

Contract TypePerpetual Future (HIP-3)
Max Leverage20x
SettlementUSDC
Taker Fee0.09%
Maker Fee0.03%
Buildertrade.xyz
Funding IntervalHourly (continuous)
Market CategoryIndex

Frequently Asked Questions

How do I trade JP225 on Hyperliquid?

JP225 is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 20x leverage.

What are the fees for JP225 on Hyperliquid?

HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.

Can I trade JP225 24/7 on Hyperliquid?

Yes. Unlike traditional index markets that have set trading hours, JP225 perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.

Ready to Start Trading?

Join Hyperliquid with our referral link and get a 4% lifetime fee discount. No KYC, no email - just connect your wallet and trade.

Start Trading - Save 4%