Price chart
Loading Hyperliquid candles…
About Z.ai
ZHIPU tracks the value of 1 H-share of Knowledge Atlas Technology JSC, listed on the Stock Exchange of Hong Kong (stock code 2513). The oracle converts the underlying stock's HKD price to USD at the prevailing USD/HKD FX rate. Zhipu (z.ai) is a Beijing-headquartered AI foundation model company, founded in 2019, building the open-weight GLM series of LLMs.
On Hyperliquid, ZHIPU trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
ZHIPU 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 2513.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 ZHIPU give me any of the rights of owning Zhipu stock?
- No. ZHIPU is a synthetic perpetual with no delivery mechanism or arbitrage bridge to Zhipu'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 ZHIPU carry foreign-exchange risk?
- Yes. Zhipu's share trades in HKD on the Stock Exchange of Hong Kong, so ZHIPU's oracle price converts that HKD price to USD at the prevailing exchange rate. That means ZHIPU carries exposure to that currency's exchange rate against the dollar, alongside the underlying stock.
- How is ZHIPU different from other names, like MINIMAX?
- ZHIPU and MINIMAX are both Chinese AI foundation-model companies listed in Hong Kong, but Zhipu, based in Beijing, focuses on its open-weight GLM series of large language models, while MiniMax, based in Shanghai, focuses on multimodal models across language, video, speech, and music.
- What is ZHIPU on Hyperliquid?
- ZHIPU on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 H-share of Knowledge Atlas Technology JSC — Zhipu (z.ai) is a Beijing-headquartered AI foundation model company, founded in 2019, building the open-weight GLM series of LLMs. 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 ZHIPU's Hyperliquid price differ from the underlying market's price?
- ZHIPU'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 ZHIPU on Hyperliquid around the clock?
- Yes. ZHIPU 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.
Related instruments
Other HIP-3 markets sharing this asset's sectors.
Related articles
- Leveraged ETF Perps: Three Kinds of Leverage in One PositionSOXL, TQQQ, SOXS and TZA trade as perpetual futures on crypto venues. Work through the daily-reset arithmetic that makes a flat index cost money in both directions, what the perp wrapper adds on top, and why shorting both sides is a path bet rather than a free harvest.
- How crypto leverage trading worksCrypto leverage lets you control a larger position with a smaller deposit of collateral.
- Open Interest in Crypto: What It Tells You and How to Read ItUnderstand what Open Interest (OI) measures, how it differs from trading volume, and how to analyze price and OI trends to detect market squeezes.
