What a perpetual-futures reference value is on StockTicker24
Source: Hyperliquid / Last updated: / Perpetual-futures prices are reference values.
Two different prints
StockTicker24 is a dashboard of 24-hour reference prices for indices, stocks, commodities, foreign exchange and crypto. The live numbers are requested in the browser from the public Hyperliquid API. For the contracts this site lists, those numbers are mark or mid prices of perpetual futures.
A perpetual future is a derivative with no expiry date. Positions can be held from one day to the next without a delivery date. The contract is designed to stay near a reference through a funding mechanism between long and short positions. That mechanism is not described here as a trading method. It is the reason a print can keep updating after a cash market has closed.
| This board shows | This board does not show |
|---|---|
| Mark or mid of a perpetual future | Last cash trade of the listed stock |
| A print that can exist after cash close | Official index value from the index owner |
| Yen converted with the USD/JPY perpetual | Tokyo cash FX print |
The board shows a perpetual-futures reference, not a renamed cash-market print.
What the reference is not
The print on this site is a reference value. It is not:
- the last trade of the listed stock on its cash venue,
- the official index value published by an index owner,
- a settlement price from a dated futures pit,
- a forecast of the next cash print.
Cash-market prices and perpetual-futures prices can differ. The difference can be small or large. This site reports both the perpetual-futures reference and, when the figure exists, a labeled comparison. It does not tell the reader which print to treat as "the real price."
Conversions and other instruments
Yen figures, when they appear, are indicative conversions that use the Hyperliquid USD/JPY perpetual-futures price. They are not Tokyo cash FX prints.
Crypto contracts on the same board are also perpetual-futures references from the same venue family. They are listed with stocks and indices because the site's job is a single 24-hour board, not because they are the same instrument as a cash equity.
The operator does not place a Hyperliquid referral link. Hyperliquid is named because it is the feed. Account opening, leverage, and order types are outside this site.
Common questions
Are yen figures Tokyo cash FX?
No. When yen figures appear, they are indicative conversions that use the Hyperliquid USD/JPY perpetual-futures price.
Why are crypto contracts on the same board as stocks?
The site's job is a single 24-hour board. They are still perpetual-futures references, not cash equities.
Does the operator place a Hyperliquid referral link?
No. Hyperliquid is named because it is the feed.
Related notes: labels and gaps, solid and dashed, after-hours index prints.
The number is a perpetual-futures reference. It is not the cash instrument and it is not a prediction.