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MiniMax Group (MINIMAX) Price on Hyperliquid

MINIMAX-PERP via trade.xyz · HIP-3 Equity · Live Chart, Funding Rate & Contract Specs
Concept211
Reviewed by Concept211 · EntropyGuides editorial team
Building trading bots since 2016, trading on Hyperliquid since February 2024. Trades perpetuals on Hyperliquid daily, builds automated trading bots on the Hyperliquid API, and tests every market against the live trade.xyz interface before publishing.
Last reviewed:
$39.956-0.54%

Auto-refreshes every 30s · Max leverage: 10x

24h Volume
$3.15M
Open Interest
$11.95M
299,141.76 MINIMAX
Funding Rate (1h)
-0.0025%
Annualized: -21.66%
Mark vs Oracle
-0.0339%
Premium

Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.

Quick Summary — What is MINIMAX on Hyperliquid?

MINIMAX (MiniMax Group) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a equity perpetual — not a token — and tracks the MiniMax Group price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 10x leverage. As of May 2026, MINIMAX perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional equity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker (per Hyperliquid's HIP-3 builder-market fee schedule) — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.

MINIMAX on Hyperliquid at a Glance

MINIMAX-PERP contract specification on Hyperliquid, as of . Leverage and market type are read from the Hyperliquid API's market metadata; fees are Hyperliquid's published HIP-3 builder-market fee schedule; the underlying price is referenced through the trade.xyz oracle.
UnderlyingMiniMax Group (Equity)
Market typeHIP-3 perpetual future via trade.xyz
Max leverage10x
Maker fee0.03%
Taker fee0.09%
Funding intervalHourly
Margin & settlementUSDC — cash-settled, no expiry
Trading hours24/7, including weekends & holidays
MiniMax Group price · trade.xyz
Loading MiniMax Group chart…

Live MINIMAX candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.

How to Trade MiniMax Group (MINIMAX) on Hyperliquid

MiniMax is a Shanghai-headquartered AI foundation model company building multimodal models across language, video, speech and music, listed in Hong Kong. Trade MINIMAX perpetual futures 24/7 on Hyperliquid via trade.xyz.

MINIMAX 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.

How a MINIMAX HIP-3 perpetual on Hyperliquid works: real-world asset to deployer oracle feed to on-chain CLOB matching to USDC-margined settlement
The lifecycle of a HIP-3 real-world-asset perpetual — from underlying price feed to USDC settlement on HyperCore.

Why Trade MINIMAX on Hyperliquid?

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.

MINIMAX Contract Notes & Catalysts to Watch

MINIMAX-PERP references the Hong Kong-listed Class A ordinary share of MiniMax Group through the trade.xyz oracle, converted from Hong Kong dollars to US dollars, with hourly funding. This is one of the few ways to hold listed exposure to a Chinese foundation model developer rather than to the platforms that deploy models. What moves it is model release cadence, benchmark results and enterprise adoption, plus the domestic compute constraint, since Chinese AI labs work under export restrictions on advanced accelerators and any change to those rules affects the whole cohort. Hong Kong trades Asian hours and keeps its own holiday calendar, so the perp is often the only live price during a Western session. ZHIPU is the other Chinese AI model developer listed on this venue.

Related markets: Zhipu (ZHIPU) perp.

Key Market Facts

Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule.

Contract TypePerpetual Future (HIP-3)
Max Leverage10x
SettlementUSDC
Taker Fee0.09%
Maker Fee0.03%
Buildertrade.xyz
Funding IntervalHourly (continuous)
Market CategoryEquity

Frequently Asked Questions

How do I trade MINIMAX on Hyperliquid?

MINIMAX is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 10x leverage.

What are the fees for MINIMAX on Hyperliquid?

HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.

Can I trade MINIMAX 24/7 on Hyperliquid?

Yes. Unlike traditional equity markets that have set trading hours, MINIMAX perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.

How we source and review this market data

Data collection. Live MINIMAX price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where MINIMAX-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.

Editorial review. The trading context on MINIMAX-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.

Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.

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Where the figures come from. Live MINIMAX price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where MINIMAX-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.

Reuse. You may republish these figures with attribution and a link to entropyguides.com/markets/xyz/minimax.

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