PerpEquities

Index

Nikkei 225 perpetual futures

NIKKEI perpetual futures on 8 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NIKKEIUSDT.

Nikkei 225 tracked across crypto venues with normalized contract specifications.

65,384-0.9%
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Price chart

 

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Collecting venue price data...
venue perp mark · Hyperliquid HIP-3 (xyz:JP225)
Auto: highest-volume live perp venue

Trading data

Perpetual market activity

8/8 live markets
Venues
8
Live markets
8/8
24h volume
$19.7M
Open interest
$50.3M
Best liquidity
$390.3K
Hyperliquid HIP-3
Tightest spread
+5.8 bps
Hyperliquid HIP-3
Highest volume
$10.5M
Hyperliquid HIP-3
Settlement mix
USDT · 6/8
Perp/spot vol.
-
OI / float
-

Venue matrix

8 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Hyperliquid HIP-3Tradexyz:JP225Trading65,384+103.9% APR
+0.012% every 1h
+5.8 bps$390.3K$10.5M$6.4MUSDC20x
XT.comTradeJP225USD/USDTTrading65,278+11.0% APR
+0.010% every 8h
+10.0 bps$47.2K$8.5M$43.2MUSDT20x
BitgetTradeJP225/USDTTrading65,4000.0% APR
0.000% every 8h
+6.7 bps-$187.3K$125.6KUSDT20x
ExtendedTradeJP225/USDTrading65,380+104.2% APR
+0.012% every 1h
+8.7 bps$298.8K$162.1K$153.4KUSD25x
MEXCTradeJP225/USDTTrading65,345-43.7% APR
-0.040% every 8h
+8.4 bps$17.1K$149.1K$390.7KUSDT50x
OurbitTradeJP225/USDTTrading65,412-42.9% APR
-0.039% every 8h
+8.3 bps$23.6K$69.6K$48.3KUSDT50x
OKXTradeJP225/USDTTrading65,409-42.2% APR
-0.039% every 8h
+8.3 bps$24.2K$43.9K$40.7KUSDT10x
HTXTradeJP225/USDTTrading65,434+5.5% APR
+0.00063% every 1h
+114.3 bps$608.5$32.6K$1.4KUSDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Adequate liquidity · 6 of 8 venues absorb $10k · Typical cost: +12.6 bps – +74.0 bps

Cheapest execution: Hyperliquid HIP-3 · +8.1 bps

No fresh book data: HTX, Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Episodic Last 7d: 12% of hours above 100% APR · median 10% · 2 episodes

Funding history

Stored venue snapshots by market

Next catalyst

Catalysts

No unusual perp activity right now.

FMP reference data

Market context

Macro calendar

12
UpdatedEventPreviousEstimateActual
USD · JOLTs Job Openings (Aug)7.27 M7.24 M-
USD · ADP Employment Change (Sep)38 K72 K-
USD · Goods Trade Balance (Aug)-118.8 B-113.5 B-
USD · Core PCE Price Index YoY (Aug)3.3 %3.4 %-
USD · Personal Spending MoM (Aug)0.2 %0.8 %-
USD · Personal Income MoM (Aug)0.4 %0.4 %-
USD · Core PCE Price Index MoM (Aug)0.2 %0.3 %-
USD · GDP Growth Rate QoQ (Q2)2.1 %1.5 %-
USD · Continuing Jobless Claims (Sep/19)1,719 K1,720 K-
USD · Jobless Claims 4-Week Average (Sep/26)202.25 K199 K-
USD · Initial Jobless Claims (Sep/26)197 K200 K-
USD · ISM Manufacturing PMI (Sep)54.654.9-

Frequently asked questions

Where can I trade NIKKEI perpetual futures?

Nikkei 225 (NIKKEI) perpetual futures trade on 8 crypto venues, including Hyperliquid HIP-3, XT.com, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NIKKEI around the clock?

Yes. Unlike the underlying stock, NIKKEI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on NIKKEI perpetuals?

Right now the NIKKEI perp funding rate is +57.4% annualized (venue median), ranging from +11.0% to +103.9% across 8 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

What is a NIKKEI perpetual future?

A NIKKEI perpetual is a derivative that tracks the price of Nikkei 225 with no expiry date. It lets you take long or short exposure to Nikkei 225 on crypto venues, around the clock.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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