By Keel Research Team · Updated October 15, 2026
The JPY perpetual on Hyperliquid tracks the USD/JPY spot exchange rate, in Japanese yen per US dollar. Its live rate is below. The main currency markets close from Friday evening to Sunday evening, New York time, and this market keeps trading at weekends.
Right now: JPY at $157.90, funding -0.0010% an hour (shorts pay longs), as of Oct 16, 2026, 02:55 UTC.
As of Oct 16, 2026, 02:55 UTC, from Keel’s record of Hyperliquid market data. JPY 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.
The yen is the official currency of Japan. Hyperliquid lists JPY 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.
On weekdays the main currency markets trade almost around the clock, and an oracle feeds their price to JPY. From Friday evening to Sunday evening, New York time, they are shut. JPY keeps trading, so news that breaks at the weekend moves this price first, and the main currency markets can reopen away from Friday's close. Once they reopen, funding pulls the perp back toward their price.
Funding is paid every hour between longs and shorts. When JPY 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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On Hyperliquid, yes. JPY trades 24/7, including from Friday evening to Sunday evening, New York time, when the main currency markets are closed. Traders on Hyperliquid set the price then, and it can open away from Friday's close.
The USD/JPY spot exchange rate, in Japanese yen per US dollar. It is a perpetual contract with no expiry. Longs and shorts pay each other funding every hour, which keeps it close to the spot rate.
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JPY on the xyz dex offers up to 50x 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.