Trade KORU on Hyperliquid

What xyz:KORU tracks

xyz:KORU is a HIP-3 perpetual deployed by trade.xyz that references 1 share of the Direxion Daily MSCI South Korea Bull 3X ETF (NYSE Arca: KORU), quoted in US dollars. The fund seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Korea 25/50 Index; local-currency exposure is embedded in the ETF. It is a linear contract margined and settled in USDC: you gain or lose the dollar move times your size, paid in USDC. You don’t own shares of the fund, can’t vote them and don’t receive dividends.

Hours: 24/5 external price, 24/7 trading

xyz:KORU trades every hour of the week, but the price it follows doesn’t. trade.xyz’s relayer takes an external price 24/5, from Sunday 8:05 PM to Friday 8:00 PM ET, stitching together pre-market (4:00–9:30 AM), the regular session, after-hours (to 8:00 PM) and the overnight session on Blue Ocean ATS (8:05 PM–4:00 AM). From Friday 8:00 PM to Sunday 8:05 PM ET, and on US equity holidays, the oracle switches to internal pricing: a 30-minute moving average that follows Hyperliquid’s own order book, held inside discovery bounds. When the external feed returns, the price snaps back to it, so weekend positions can gap at the open. On trade.xyz’s 2026 holiday schedule, the next US equity closure is Thanksgiving, November 26 (the overnight session is also shut on November 25), with an early close on November 27.

Leverage, margin and price limits

xyz:KORU allows up to 10x leverage (Hyperliquid API, November 4, 2026) with isolated margin only: each position carries its own margin, so a liquidation here can’t take collateral from your other positions. At 10x, a 10% move against you wipes out your margin, and maintenance margin (5%, half the initial margin at max leverage) liquidates you before that.

Whenever the external feed is off, the mark is held inside a ±10% discovery bound with 1 re-anchor per direction. From Friday’s last external price, it can move at most about +21% / −19% before a hard cap holds until the feed returns. If your liquidation price sits outside the active bound, you can’t be liquidated while that bound is in force; the risk moves to the reopen, when the price can jump past your stop.

Fees. Growth mode is on for this market (Hyperliquid API, November 4, 2026), which cuts HIP-3 fees by 90%: trade.xyz’s tier-0 rate is 0.009% taker / 0.003% maker before staking and referral discounts, against 0.09% / 0.03% at standard HIP-3 rates. Growth mode can be switched off; the live card above shows the current rate.

Leverage on leverage, and Korea’s time zone

KORU is a 3x fund: Direxion seeks 300% of the daily move of the MSCI Korea 25/50 Index, before fees, resetting daily. Put 10x on the perp and your position moves roughly 30 times the index’s daily move. A 3.3% fall in Korean stocks is about −10% for KORU, the whole margin of a 10x position, and maintenance margin (5% at 10x) liquidates you before that. The daily reset also makes KORU drift lower in choppy markets: +10% then −10% leaves the index 1% down but a 3x daily fund 9% down.

KORU is a US-listed fund, so trade.xyz prices it on the US equity schedule (24/5 ET), not on Korean hours. Korean stocks themselves trade during the US evening and night. trade.xyz’s spec notes that “local-currency exposure is embedded in the ETF”: the won’s moves against the dollar pass straight through to KORU’s price.

If you’d rather follow Seoul prices directly, trade.xyz lists Samsung Electronics (xyz:SMSN), SK hynix (xyz:SKHX) and the Korea 200 index (xyz:KR200), all priced during Korea Exchange sessions. The unleveraged fund is EWY.

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