Japanese Yen
JPY-PERPAbout
Hyperliquid · XYZUSDJPY tracks the United States Dollar / Japanese Yen (USD/JPY) spot exchange rate. Price of 1 USD in JPY. The Japanese yen is the official currency of Japan. The conventional market notation is the number of yen per US dollar. It is an independent, free-floating currency.
Questions
Read-only web pageWhat is the max leverage for JPY-PERP?
JPY-PERP supports up to 50x leverage on Hyperliquid. Higher leverage increases both potential gains and liquidation risk.
What is the JPY-PERP funding rate?
JPY-PERP funding accrues hourly on Hyperliquid. When funding is positive, longs pay shorts; when negative, shorts pay longs. The live hourly funding rate is shown on this page and in the Higher app.
What is JPY-PERP?
JPY-PERP is a perpetual futures contract that tracks the price of Japanese Yen. Perps have no expiry date and use funding payments to stay close to the underlying price. USDJPY tracks the United States Dollar / Japanese Yen (USD/JPY) spot exchange rate. Price of 1 USD in JPY. The Japanese yen is the official currency of Japan. The conventional market notation is the number of yen per US dollar. It is an independent, free-floating currency.
Can I trade JPY-PERP on the web?
No. Higher perp pages on the web are read-only, and Higher does not support perp trading in the app yet.
Higher provides perp market information for educational and discovery purposes only. This page is not financial advice, an offer, or a recommendation to buy or sell any asset. Perpetual futures are leveraged products: losses can exceed your initial margin and positions can be liquidated. Crypto assets and derivatives are volatile and can lose value.