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About Alibaba
BABA tracks the value of 1 American depositary share of Alibaba Group Holding Ltd. Alibaba operates e-commerce marketplaces, cloud services, and digital payments in China.
On Hyperliquid, BABA trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
BABA is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: China Equity, Consumer Tech.
US Market Hours vs Hyperliquid 24/7 Perpetual
Comparing BABA New York Stock Exchange session hours with continuous crypto trading
US Equity Market (BABA)US Market Open
- Regular Session
- 09:30 – 16:00 ET
- Trading Days
- Mon – Fri (Closed Weekends & Holidays)
- Settlement Rule
- T+1 Settlement (No same-day resale)
Hyperliquid HIP-3 PerpetualOpen 24/7/365
- Trading Hours
- Continuous 24 Hours / Day
- Lunch Break
- None (No Midday Pause)
- Weekend Trading
- Active 24/7 (No Weekend Shutdown)
- Trading Schedule
- Monday – Sunday 365 Days
- Settlement Rule
- T+0 Instant Execution & Hedging
Frequently Asked Questions
- Does trading BABA give me any of the rights of owning Alibaba stock?
- No. BABA is a synthetic perpetual with no delivery mechanism or arbitrage bridge to Alibaba's actual ADS. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying shares.
- Does BABA track the American Depositary Share (ADS) or Alibaba's Hong Kong-listed ordinary share?
- It tracks the ADS, which trades in USD. Alibaba is dual-primary-listed: its ADS trades on the NYSE in U.S. dollars, and its ordinary shares also trade on the Stock Exchange of Hong Kong in Hong Kong dollars (HKD). Because BABA tracks the USD-denominated ADS, no live FX conversion is needed for the price.
- How is BABA different from other names, like COIN?
- BABA tracks a Chinese e-commerce, cloud, and digital-payments conglomerate whose core business is tied to the Chinese market. COIN, by contrast, operates a cryptocurrency exchange with no comparable single-country retail business.
- What is BABA on Hyperliquid?
- BABA on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 American depositary share of Alibaba Group Holding Ltd. — Alibaba operates e-commerce marketplaces, cloud services, and digital payments in China. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can BABA's Hyperliquid price differ from the underlying market's price?
- BABA's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade BABA on Hyperliquid around the clock?
- Yes. BABA trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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