Cost of carry
9.2% a year
Funding actually paid over the last 30 days — shorts pay at this rate. This is the running cost of holding the position, before fees.
30 days
Shein is the private, Chinese-founded fast-fashion e-commerce giant — a pre-IPO company with no shares to trade, so this contract tracks a synthetic reference price rather than a market price. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.
4.63 −0.42%
—
Not graded
No traded underlying — priced on Hyperliquid alone
How good a synthetic is it?
How this is graded ›Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.
Liquidity
$684.4K 24h volume
Open interest $625.3K. Weekend liquidity is not yet available.
latest snapshot
90-day history
Contract mechanics
- What it tracks
- Shein — equities. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
- Trading hours
- No traded underlying, so there is no external session — this contract trades on Hyperliquid continuously. The contract itself trades on Hyperliquid 24/7.
- When the real market is closed
- There is no external market at any hour. The price is set by trading on Hyperliquid alone, and funding is charged against that price.
- Leverage
- Up to 10×
- Margin mode
- Isolated only
- Settles in
- USDC — margin and profit are in this token, not the quote of the underlying market.
- Deployer’s documentation
- trade.xyz docs →