EWY

South Korea Equities Index (EWY) Perpetuals on Hyperliquid

EWY-PERP via trade.xyz · HIP-3 Index · Live Price, Funding Rate & Trading
Concept211
Reviewed by Concept211 · Hyperliquid Guide editorial team
Active Hyperliquid trader since February 2024. Trades perpetuals on Hyperliquid daily, builds automated trading bots on the Hyperliquid API, and tests every market against the live trade.xyz interface before publishing.
Last reviewed:
$214.41+2.88%

Auto-refreshes every 30s · Max leverage: 20x

24h Volume
$11.20M
Open Interest
$10.34M
48,237.542 EWY
Funding Rate (1h)
+0.0006%
Annualized: +5.48%
Mark vs Oracle
-0.0147%
Premium

Quick Summary — What is EWY on Hyperliquid?

EWY (South Korea Equities Index) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a index perpetual — not a token — and tracks the South Korea Equities Index price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 20x leverage. As of May 2026, EWY perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional index markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder.

How to Trade South Korea Equities Index (EWY) on Hyperliquid

EWY tracks broad South Korean equity exposure. Trade Korean stock market perpetual futures 24/7 on Hyperliquid via trade.xyz — even during Asian market closures.

EWY is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 20x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

Why Trade EWY on Hyperliquid?

Hyperliquid offers distinct advantages for index traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional index markets are closed. Self-custody ensures you retain full control of your funds at all times.

Key Market Facts

Contract TypePerpetual Future (HIP-3)
Max Leverage20x
SettlementUSDC
Taker Fee0.09%
Maker Fee0.03%
Buildertrade.xyz
Funding IntervalHourly (continuous)
Market CategoryIndex

Frequently Asked Questions

How do I trade EWY on Hyperliquid?

EWY is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 20x leverage.

What are the fees for EWY on Hyperliquid?

HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.

Can I trade EWY 24/7 on Hyperliquid?

Yes. Unlike traditional index markets that have set trading hours, EWY perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.

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