By Keel Research Team · Updated October 15, 2026
JP225 on Hyperliquid is a perpetual contract that tracks the Japan 225, a price-weighted index of 225 leading Japanese stocks, in index points with no currency conversion. Its live price is below. It trades 24/7, so you can see where traders price the Japan 225 at night and at weekends, when the Tokyo stock market is closed.
Right now: JP225 at $65,489.00, funding 0.0007% an hour (longs pay shorts), as of Oct 16, 2026, 02:55 UTC.
As of Oct 16, 2026, 02:55 UTC, from Keel’s record of Hyperliquid market data. JP225 trades on Hyperliquid around the clock, including nights, weekends and holidays.
Venue facts read from Keel’s instrument table Oct 16, 2026, 02:02 UTC (hourly sync of Hyperliquid market metadata) · last listing change observed Oct 14, 2026, 11:00 UTC.
Hyperliquid lists JP225 through HIP-3, which lets independent builders add markets to its order book. This one is run by the xyz builder and settles in USDC.
While the Tokyo stock market is open, an oracle feeds the Japan 225 price to JP225, and funding pulls the perp toward it. After the close, at weekends and on holidays, trading on Hyperliquid sets the price. News that lands overnight can move JP225 hours before the Tokyo stock market reopens, so the price can open away from the last close. When it reopens, the oracle picks up the new price and funding pulls the perp back toward it.
Funding is paid every hour between longs and shorts. When JP225 trades above its reference price, longs pay shorts; below it, shorts pay longs. The rate for the next payment is in the live numbers above, and it adds up over a hold of several days.
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JP225 and the other HIP-3 markets aren’t supported yet. Building, backtesting and running strategies on HIP-3 markets is coming soon. Sign up, and we’ll email you when HIP-3 strategies are supported. Until then you can build and test strategies on Hyperliquid’s crypto perps, such as BTC and ETH. Start free.
The live price of JP225 is at the top of this page, with the minute it was recorded. It trades 24/7, so when the Tokyo stock market is closed it shows where traders price the Japan 225.
An index fund owns the shares and trades during exchange hours. JP225 is a perpetual contract on Hyperliquid: it owns nothing, never expires and trades 24/7. You can use leverage, and you pay or receive funding while you hold it.
Not yet. Keel is a strategy builder for Hyperliquid. Support for HIP-3 markets is coming soon. Sign up, and we'll email you when HIP-3 strategies are supported. Today you can build and test strategies on Hyperliquid's crypto perps.
JP225 on the xyz dex offers up to 20x leverage, read from the venue’s market metadata. This market is isolated-margin only. Margin requirements scale with position size; the live cap and margin tiers are on the Hyperliquid market page.
Funding is computed from the gap between the perpetual price and an oracle reference: when the perp trades above the oracle, longs pay shorts; below, shorts pay longs. Hyperliquid settles funding every hour, on HIP-3 markets as on its core perps, and the rate for the next payment is in the live numbers on this page. The hourly rate is small but adds up over multi-day holds.
Hyperliquid perpetuals trade 24/7. Off-hours (overnight, weekends, holidays), the perp may diverge from the underlying spot price since traditional markets are closed and price discovery happens here. Funding pulls the perp back toward the oracle over time.
Yes. You connect a wallet (e.g. via Hyperliquid’s native UI or a builder app); keys never leave your control. Hyperliquid is a non-custodial exchange.