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About DXY
DXY tracks a U.S. dollar basket index, measuring the value of the U.S. dollar against six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
On Hyperliquid, DXY trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
DXY 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: FX.
Frequently Asked Questions
- Does trading DXY give me actual currency I can withdraw?
- No. DXY is a synthetic perpetual with no delivery mechanism — no actual currency changes hands. It gives price exposure to the index level only; positions are opened, margined, and settled in USDC.
- Which currencies make up the DXY basket?
- DXY measures the U.S. dollar against six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The euro carries the largest weight of the six, so DXY tends to move most closely with EUR/USD, even though the other five currencies also contribute.
- How is DXY different from other names, like EUR?
- DXY tracks a basket index measuring the dollar against six currencies at once. EUR, by contrast, tracks a single currency pair, EUR/USD — one of the six inputs to the DXY basket, but not the whole basket.
- What is DXY on Hyperliquid?
- DXY on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks a U.S. dollar basket index, measuring the value of the U.S. dollar against six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem.
- Why can DXY's Hyperliquid price differ from the underlying market's price?
- DXY'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 DXY on Hyperliquid around the clock?
- Yes. DXY 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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