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About MiniMax Group
MINIMAX tracks the value of 1 Class A ordinary share of MiniMax Group Inc., listed on the Stock Exchange of Hong Kong (stock code 0100). The oracle converts the underlying stock's HKD price to USD at the prevailing USD/HKD FX rate. MiniMax is a Shanghai-headquartered AI foundation model company, founded is 2022, building multimodal models spanning language, video, speech, and music.
On Hyperliquid, MINIMAX trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
MINIMAX 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: AI & Big Tech, China Equity.
HKEX Market Hours vs Hyperliquid 24/7 Perpetual
Comparing 0100.HK Hong Kong Stock Exchange session hours with continuous crypto trading
- Morning Session
- 09:30 – 12:00 HKT
- Lunch Break
- 12:00 – 13:00 HKT (Closed)
- Afternoon Session
- 13:00 – 16:00 HKT
- Trading Days
- Mon – Fri (Closed Weekends & Holidays)
- Settlement Rule
- T+2 Settlement
- 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 MINIMAX give me any of the rights of owning MiniMax stock?
- No. MINIMAX is a synthetic perpetual with no delivery mechanism or arbitrage bridge to MiniMax's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying stock.
- Does MINIMAX carry foreign-exchange risk?
- Yes. MiniMax's share trades in HKD on the Stock Exchange of Hong Kong, so MINIMAX's oracle price converts that HKD price to USD at the prevailing exchange rate. That means MINIMAX carries exposure to that currency's exchange rate against the dollar, alongside the underlying stock.
- How is MINIMAX different from other names, like ZHIPU?
- MINIMAX and ZHIPU are both Chinese AI foundation-model companies listed in Hong Kong, but MiniMax, based in Shanghai, focuses on multimodal models across language, video, speech, and music, while Zhipu, based in Beijing, focuses on its open-weight GLM series of large language models.
- What is MINIMAX on Hyperliquid?
- MINIMAX on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 Class A ordinary share of MiniMax Group Inc. — MiniMax is a Shanghai-headquartered AI foundation model company, founded in 2022, building multimodal models spanning language, video, speech, and music. 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 MINIMAX's Hyperliquid price differ from the underlying market's price?
- MINIMAX'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 MINIMAX on Hyperliquid around the clock?
- Yes. MINIMAX 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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