MiniMaxReference
23.732+6.17%Difference +1.38

Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale

Five daily saved mark prices, 2026-10-15 to 2026-10-19 / Low 22.249 · High 23.732

Price-discovery chart

Solid line = the referenced cash market is in session / dotted line = outside the session (overnight and weekends); both show the same perpetual-futures reference value (line styles are not distinguished at narrow display widths). About the data

Open interest (contracts)129923.78 contracts

Saved open interest, contract count

Funding rate (per hour)0.0000202686

Saved funding rate, per-hour decimal

China-based. Foundation models for generative AI and video generation.

Source: Hyperliquid · Last updated · Perpetual-futures reference value

Cash Hong Kong: 09:30–12:00 / 13:00–16:00. When closed: perpetual-futures reference. Hyperliquid xyz perpetual-futures reference.

How to read the chart

Reference chart of Hyperliquid perpetual-futures candles for MiniMax, not the official cash-market chart.

Reference value and method

How the numbers and formulas on this page work: Symbol page guide.

MiniMax is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.

Observed value at 2026-09-27 22:04 UTC

Asset class
Listed-company stock reference
Source
Hyperliquid / xyz:MINIMAX
Price unit
USDC reference
Reference value
USDC 35.377
24h
+1.37%
Method
Use the mid price; use the mark price only when no mid price can be obtained
Referenced contracts
xyz:MINIMAX
Observed time
Saved observation

Ratio = 35.377 / 34.899 − 1 = +1.37% (shown as a percentage, rounded to two decimal places).

Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.

This site does not provide investment advice.

Range position

2026-06-18 – 2026-10-08 · 113 daily candles (settled only). Daily candles are 24-hour perpetual-futures values, not official exchange closes.

Low for this period
USDC 23.781 (2026-07-27)
High for this period
USDC 87.45 (2026-06-22)
Position
18.2%
Reference used for position
USDC 35.377
Observed at

Highs and lows after the collection period are not included.

Symbol facts and market observations

About this symbol

The issuer is MiniMax Group Inc., listed on HKEX under code 0100. This contract references one Class A ordinary share. The Hong Kong dollar share price is converted to USD at the prevailing USD/HKD rate.

Sources: trade[XYZ] (contract issuer), MiniMax Group Inc. (issuer).

Sourced explanations (17)

Explanations may include summaries and translations. Follow the source links for the original text.

Contract and trading hours

  • The issuer is MiniMax Group Inc., listed on HKEX under code 0100. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • This contract references one Class A ordinary share. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The Hong Kong dollar share price is converted to USD at the prevailing USD/HKD rate. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • External pricing is available from 9:30 to 12:00 and 13:00 to 16:00 Hong Kong time. Internal pricing applies during the 12:00–13:00 lunch break, from 16:00 to 9:30, and on weekends and holidays. From the contract specification, retrieved 23 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The Hong Kong equities holiday list enumerates 14 closed days, plus 3 half days with only the morning session. From the contract holiday-closures page, retrieved 24 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The mark price is held within 10% either side of a reference price, and the reference is configured not to re-anchor. From the contract specification, retrieved 24 August 2026.

    Source: trade[XYZ] (contract issuer)

  • For the USD/HKD rate used in conversion, the specification links to a Pyth price feed. From the contract specification, retrieved 24 August 2026.

    Source: trade[XYZ] (contract issuer)

  • The funding rate multiplier is 0.5, applied as a scaling factor on Hyperliquid's funding formula. From the contract specification, retrieved 24 August 2026.

    Source: trade[XYZ] (contract issuer)

  • It listed as a specialist technology company under Chapter 18C of the Listing Rules. At listing, it was a pre-commercial company that did not meet the revenue threshold. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

  • The offering price was HKD 165.00 for 1 share. There were 309,255,668 issued shares at listing. According to the announcement dated 2026-01-08.

    Source: HKEXnews

People and history

  • The company was founded in early 2022. From the issuer's about section, retrieved 23 August 2026.

    Source: MiniMax Group Inc. (issuer)

  • The issuer is a limited liability company incorporated in the Cayman Islands. It is controlled through a weighted voting rights structure. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

  • At the end of 2025-09, there were 385 full-time employees. R&D accounted for 284 employees, or 73.8%. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

Basic information

  • In an announcement dated 2026-03-13, it disclosed that approval had been received to change its classification to a commercial company. The stock short name changed to MINIMAX-W on 2026-03-18. According to the announcement dated 2026-03-13.

    Source: HKEXnews

  • The central foundation models are MiniMax-M2, Hailuo-02, and Speech-02. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

  • Revenue was USD 3,500,000 in 2023 and USD 30,500,000 in 2024. It was USD 53,400,000 from 2025-01 to 2025-09. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

  • Loss for the year ended 2024-12 was USD 465,200,000. Loss from 2025-01 to 2025-09 was USD 512,000,000. According to the prospectus dated 2025-12-31.

    Source: HKEXnews

Market observations Retrieved: 2026-09-27 22:04 UTC

24h volume Retrieved: 2026-09-27 22:04 UTC

Notional (USDC)
59,991.76
Contracts
1,712.290
Nominal / quantity
35.035982Notional ÷ contracts, using the values before rounding; rounded to six decimal places

Open interest (OI) Retrieved: 2026-09-27 22:04 UTC

Bars: OI nominal 4,793,760.49 USDC vs 24h turnover 59,991.76 USDC at the actual ratio, with 100% width = OI nominal 4,793,760.49 USDC.
Open interest (contracts)
135,428.440
Mark price
35.397
Notional (contracts × mark price)
4,793,760.49Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places

Funding rate Retrieved: 2026-09-27 22:04 UTC

Funding: Hourly -0.0000581248 = -0.00581248% (shown as a percentage); ×24 (daily conversion) = -0.13949952%; ×24×365 (365-day conversion) = -50.9173248% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is negative).

Hourly
-0.0000581248As a percentage: -0.00581248%
×24 (daily conversion)
-0.13949952%
×24×365 (365-day conversion)
-50.9173248%

Hyperliquid field names and values before rounding: notional = dayNtlVlm 59991.76144 USDC; contracts = dayBaseVlm 1712.29; open interest = openInterest 135428.44 contracts; mark price = 35.397; hourly funding rate = funding -0.0000581248.

Daily observation log (67 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC

Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 0/67 · Missing dates: 4

Show 67 saved daily records

Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.

Scroll horizontally to see all columns.

Observed at (UTC) Mid price Previous-day reference vs previous-day reference Open interest 24h notional volume (USDC)
42.8035 43.037 -0.54% 268665.56 367564.3045799999
43.3145 42.8 +1.20% 271364.52 270177.18308
42.208 43.45 -2.86% 286971.04 7206948.3086499991
41.524 42.275 -1.78% 291381.64 5034107.3038600031
46.1575 41.557 +11.07% 274060.48 9742987.1402799934
48.157 46.176 +4.29% 265181.18 5366716.0213900022
41.9625 48.235 -13.00% 271025.62 5960599.2584599983
42.7135 41.85 +2.06% 270810.14 102826.32489
42.3045 43.059 -1.75% 287560.06 3476769.8977099997
38.9075 42.463 -8.37% 317420.82 7430053.2642400041
37.056 38.927 -4.81% 283563.64 5325625.7347800005
39.585 37.058 +6.82% 274972.56 3925140.3869599993
41.8085 39.616 +5.53% 274976.04 4612107.1284900028
42.006 41.725 +0.67% 280342.22 505502.4764600001
42.8935 42.005 +2.12% 275821.68 393930.1410499999
39.487 42.961 -8.09% 267334.5 2149261.1170699997
39.421 39.491 -0.18% 270697.96 2564495.5582500002
40.561 39.439 +2.84% 287884.2 3788565.6997699984
40.37 40.506 -0.34% 298690.08 3063572.0857399995
38.2735 40.348 -5.14% 298056.1 1921825.1263200005
39.0125 38.269 +1.94% 297127.54 113778.93792
39.454 39.032 +1.08% 298485.24 227907.5943599999
45.4415 39.381 +15.39% 281695.9 5720015.5944599994
42.6155 45.587 -6.52% 308837.56 5311136.6234700037
45.211 42.55 +6.25% 302555.78 2825290.0854199994
46.1025 45.142 +2.13% 308374.26 4325323.6127800001
46.0775 46.121 -0.09% 302116.08 2980397.9286900009
46.6105 46.073 +1.17% 303112.5 140082.64604
46.6625 46.625 +0.08% 292659.22 527179.8374400003
40.8345 42.575 -4.09% 302182.64 3032477.4927299991
36.0105 40.845 -11.84% 317179.62 4224362.0137799997
33.0085 36.02 -8.36% 252705.62 10915109.3851200044
33.0365 33.009 +0.08% 255570.54 489147.7193099999
33.0765 32.733 +1.05% 257527.46 3338348.1893299986
29.2375 33.086 -11.63% 254015.88 7922391.9995799959
30.23 29.224 +3.44% 236576.56 4760139.6695700018
33.2115 30.271 +9.71% 190159.58 4041475.4049300002
37.7545 33.208 +13.69% 128828.74 6436313.1400199989
38.5545 37.784 +2.04% 126917.84 204088.35715
39.2045 38.56 +1.67% 124512.86 903560.5613399998
39.657 39.218 +1.12% 116544.52 2913444.0294000003
37.389 39.754 -5.95% 130106.3 3458061.8624100005
34.44 37.353 -7.80% 122417.02 2341640.5527800005
35.804 34.431 +3.99% 127448.06 1735114.6240599998
34.938 35.776 -2.34% 134842.04 1647729.4702100009
34.9055 34.944 -0.11% 136047.88 56300.70182
35.377 34.899 +1.37% 135428.44 59991.76144
31.537 35.454 -11.05% 137923.52 2751042.1984500019
31.068 31.519 -1.43% 131293.64 1538335.5134100011
31.803 31.052 +2.42% 129043.36 1107804.2476100002
31.931 31.806 +0.39% 128357.48 172511.8572800001
30.4695 31.919 -4.54% 129239.64 1017967.6320699999
30.4845 30.482 +0.01% 129139.66 22439.99112
30.5285 30.42 +0.36% 129189.24 14906.03302
31.412 30.492 +3.02% 120062.06 842991.1501099997
31.987 31.394 +1.89% 119735.56 1411335.3385599998
30.2445 31.967 -5.39% 114656.2 1478972.3379800001
25.3465 30.246 -16.20% 128128.3 4341796.3184200022
26.749 25.347 +5.53% 120207.38 4227226.4558000006
26.798 26.756 +0.16% 120104.08 51568.6838
27.6995 26.799 +3.36% 119729.88 164627.42397
26.8545 27.704 -3.07% 119837.14 2128680.6993500036
27.0015 26.833 +0.63% 121170.76 2498975.3711800007
25.3515 27.022 -6.18% 111968.64 2717657.4476399994
23.4435 25.364 -7.57% 102563.3 3930832.7945400006
23.0965 23.426 -1.41% 100387.08 1474132.5552899998
22.2215 23.088 -3.75% 107624.1599999997 696879.807869999

Dates without a saved record in the displayed period: 2026-08-16, 2026-09-07, 2026-09-08, 2026-09-13.

Period range (67 records with a mid price)

Period range over 67 daily log rows: first mid price 42.8035; last mid price 22.2215; highest mid price in the period 48.157; lowest mid price in the period 22.2215.

First mid price2026-08-08 22:05:00.098 UTC
42.8035
Last mid price2026-10-17 22:04:59.595 UTC
22.2215
Highest mid price in the period2026-08-13 22:05:00.577 UTC
48.157
Lowest mid price in the period2026-10-17 22:04:59.595 UTC
22.2215

Market hours

Trading hours Hong Kong time 09:30-12:00 / 13:00-16:00
Days Weekdays. Check the related venue calendar for holidays.

Other symbols in this group

Related articles

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Frequently asked questions

Why is it shown in USD when the share trades in local currency?

The contract converts the value to USD using its specified rate. The type of conversion rate is stated in “About this symbol.”

Why are there no financial figures?

Financials are shown only for symbols whose annual figures can be retrieved from the U.S. SEC’s EDGAR system. They cannot be retrieved for this symbol, so the page shows facts such as the registered company name, listing market, and location.

What is the price when the local market is closed?

It switches to an internal price outside trading hours. The trading hours are stated in “About this symbol.”