iShares MSCI South Korea ETF (EWY) Perp on Hyperliquid (HIP-3)
iShares MSCI South Korea ETF (EWY) perpetual futures on Hyperliquid's HIP-3 dexes (ETFs): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
EWY trades on 2 HIP-3 dexes; on trade.xyz the mark is 146.25 against an oracle of 146.21, a basis of +2.7 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $5.31M, with trade.xyz at 10% of its $100.00M cap, and $25.58M traded in 24 hours. The US market is closed (after hours) until Thu 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.
Market health
no active flags- ✓No flagsAvailable data: No EWY market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
trade.xyzFunding multiplier ×0.5. trade.xyz applies a funding multiplier of ×0.5 to xyz:EWY, scaling the rate Hyperliquid's funding formula would otherwise give.
EWY perp markets on Hyperliquid
ETFs · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:EWYgrowth | 146.25 | 146.21 | +2.7 bps | +1.13% | 0.00063% | 5.5% | ×0.5 | $5.15M | $100.00M | 10% | $25.30M | 20× | Trade |
| EntropyIO io:EWYgrowth | 146.46 | 146.22 | +16.4 bps | +1.19% | 0.00063% | 5.5% | ×0.5 | $154K | $5.00M | 6% | $276K | 25× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle; while the US market is closed the oracle is maintained by the deployer, not a live exchange price. Trade links go to the exchange and may be referral links.
EWY perps elsewhere
same ticker on other venuesEWY contract history
History for xyz:EWY only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
xyz:EWYLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:EWY observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00101% | 0.0081% | 24/24 | |
| 0.00077% | 0.0062% | 24/24 | |
| 0.00089% | 0.0072% | 24/24 | |
| -0.00079% | -0.0063% | 24/24 | |
| 0.00051% | 0.0040% | 24/24 | |
| 0.00024% | 0.0019% | 24/24 | |
| 0.00210% | 0.0168% | 24/24 |
Only xyz:EWY: means of recorded hourly quoted funding, not settled payments or realised returns. Hourly means divide the normalized 8h quotes by eight. Coverage counts observed hours out of 24; missing hours are excluded, not treated as zero. Missing dates remain unavailable. The current UTC day is excluded. Annualised projections assume a rate continues and are not historical earnings.
EWY volume spikes
EWY across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 2h ago | xyz:EWY | SELL | $76K | 4.5× | -0.31% | +0.43% | +1.37% |
| 4h ago | xyz:EWY | SELL | $421K | 11.7× | -0.27% | -0.77% | -0.64% |
| 4h ago | xyz:EWY | BUY | $148K | 4.3× | +0.19% | -0.08% | -0.30% |
| 4h ago | xyz:EWY | MIXED | $211K | 8.8× | +0.17% | +0.32% | +0.01% |
| 4h ago | xyz:EWY | SELL | $495K | 27.0× | -0.11% | +0.60% | -0.47% |
| 4h ago | xyz:EWY | BUY | $246K | 13.4× | +0.48% | +0.78% | +0.01% |
| 4h ago | xyz:EWY | MIXED | $210K | 17.7× | -0.37% | -0.26% | -0.16% |
| 4h ago | xyz:EWY | MIXED | $792K | 76.8× | -0.31% | -0.70% | -0.43% |
| 4h ago | xyz:EWY | BUY | $270K | 26.2× | +0.22% | -0.27% | -0.43% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
EWY perp FAQ
What is the EWY price on Hyperliquid?
The EWY perp mark is 146.25 on trade.xyz, against an oracle of 146.21. The perp mark is not the exchange-listed underlying price: it is the price of the perpetual contract, and can differ from the underlying. Missing values appear as a dash.
What is the EWY funding rate on Hyperliquid?
0.00063% per hour on trade.xyz right now (5.5% APR), so longs pay shorts. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0050% per 8h).
How closely does the EWY perp track the underlying?
The trade.xyz mark is 146.25 against an oracle of 146.21, a basis of +2.7 bps. Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source). The US market is closed right now, so the deployer maintains the oracle until the open.
Can I trade EWY when the US market is closed?
Yes. The perp trades 24/7 on Hyperliquid, but the US session runs 09:30 to 16:00 New York time on trading days; outside it the oracle is set by the deployer and prices can gap at the open. Status now: US market closed · after hours.