SoftBank Group (SOFTBANK) Perpetuals on Hyperliquid

SoftBank is a Japanese tech conglomerate and the world's largest tech investor, with holdings in ARM, Alibaba, and its Vision Fund. Trade SOFTBANK perpetual futures on Hyperliquid via trade.xyz.

SOFTBANK 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 10x 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.

Hyperliquid offers distinct advantages for equity 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 equity markets are closed. Self-custody ensures you retain full control of your funds at all times.

SOFTBANK-PERP tracks the SoftBank Group share price via the trade.xyz oracle with hourly funding, cash-settled in USDC. SoftBank is best understood as a leveraged holding company rather than an operating business, so the perp trades on the value of what it owns. The single biggest driver is its majority stake in Arm — SoftBank still controls the overwhelming bulk of Arm shares, so ARM's moves feed almost directly into SoftBank's net asset value, and this contract is effectively a second, geared way to trade the Arm story. Layered on top: Vision Fund quarterly marks, which produce large swings from private-portfolio revaluations, the persistent NAV-discount dynamic (the stock chronically trades below the sum of its holdings), buyback announcements, and Masayoshi Son's habit of pivoting hard into whatever the current AI thesis is. The underlier lists on the Tokyo Stock Exchange (9984.T) and trades Tokyo hours, so earnings and portfolio-mark news break in the Asian session before US brokers open. JPY moves also matter given yen-denominated reporting. trade.xyz lets you trade it in the same wallet as your ARM and Alibaba perps, KYC-free, up to 5x. Funding can dislocate around Vision Fund reporting dates, so watch crowding into the print.