Trade Samsung Electronics on Hyperliquid
A perp on the Seoul-listed Samsung share, converted to dollars, priced during Korean market hours.
Yes. trade.xyz's xyz:SMSN perpetual tracks one Samsung Electronics common share on the Korea Exchange (KRX: 005930), converted to US dollars at the live USD/KRW rate, margined in USDC and isolated-margin only. In the 24 hours to 2026-11-04 10:16 UTC, xyz:SMSN traded $56.7M with $41.7M open interest at a mark of $165.37 (Hyperliquid API).
Live market data
xyz:SMSN HIP-3 · run by trade.xyz - Mark price
- $165.37
- 24h change
- −0.07%
- 24h volume
- $56.7M
- Open interest
- $41.7M
- Funding (1h)
- +0.0212%
- Funding (annualized)
- +185.3%
- Max leverage
- 10x isolated
- Taker / maker fee
- 0.009% / 0.003%
Growth mode on (deployer fee scale 1): fees are 0.2x core perp rates. Fees are tier 0 before staking or referral discounts.
Hyperliquid API snapshot, 2026-11-04 10:16 UTC. Positive funding means longs pay shorts; it is charged every hour, and the annualized figure is the current hourly rate × 8,760 (it changes every hour). Open interest is in USD at the mark price.
What xyz:SMSN tracks
xyz:SMSN references one common share of Samsung Electronics Co., Ltd. on the Korea Exchange (KRX: 005930). trade.xyz converts the KRW price to dollars at the live USD/KRW rate. Its own example: 181,000 KRW ÷ 1,444.10 KRW per dollar = $125.34. So the perp moves with the stock and the won; if the won weakens 2% on a flat stock day, the perp falls about 2%.
It references the common share, not Samsung’s preferred shares (005935) or its London-listed GDRs.
Hours and limits
External prices run during KRX sessions only (Korea time, 9:01 AM–3:20 PM and 4:05–8:00 PM). Overnight, weekends (Friday 8:00 PM to Monday 9:01 AM KST), Korean holidays and any pause of more than 15 seconds in the external feed use trade.xyz’s internal pricing. Discovery bands are ±10% with one re-anchor per direction.
The market is isolated-margin only, unlike SK hynix’s SKHX, which allows cross margin. Each Samsung position carries its own margin.
Korea on Hyperliquid
trade.xyz also lists Hyundai Motor (xyz:HYUNDAI), the Korea 200 index (xyz:KR200), the iShares MSCI South Korea ETF (xyz:EWY) and Direxion’s 3x Korea ETF (xyz:KORU).
Contract specs
xyz:SMSN · trade.xyz
| Tracks | 1 common share of Samsung Electronics Co., Ltd. on the Korea Exchange (KRX: 005930), converted to USD. |
|---|---|
| Price source | KRX quotes divided by the live USD/KRW rate (Pyth FX feed). |
| External hours | External price during KRX sessions (Korea time): 9:01 AM–3:20 PM main session and 4:05–8:00 PM after-hours. |
| Outside those hours | Between sessions, overnight, weekends (Friday 8:00 PM to Monday 9:01 AM KST) and Korean holidays the oracle runs on internal pricing; it also does so whenever external data pauses for more than 15 seconds. |
| Max leverage | 10x (live from the API) |
| Margin mode | Isolated only; live from the API |
| Price limits | ±10% per band, 1 re-anchor per direction |
| Settlement | Cash-settled in USDC; no shares, coins or barrels change hands. |
| Spec source | trade.xyz docs: Korea stocks (reviewed November 4, 2026) |
How to trade it
- Check you're allowed to. Hyperliquid's terms restrict the United States, Ontario and other places, and trade.xyz's terms bar US persons. If you're in a restricted place, stop here.
- Set up a Hyperliquid account with a fee discount. Connect a wallet at app.hyperliquid.xyz and set a referral code before your first trade: our code gives 4% off fees on your first $25M of volume. Full walkthrough: how to start trading on Hyperliquid.
- Deposit USDC. Every market here is margined and settled in USDC. See how to deposit USDC to Hyperliquid.
- Open the market. Use trade.xyz (its link applies the same Hyperliquid referral) or the official Hyperliquid app, which lists HIP-3 markets alongside core perps. Search for
xyz:SMSN. Each HIP-3 dex keeps its own margin, separate from core perps, so the app may ask you to move USDC into that dex first. - Choose margin mode and leverage. Some HIP-3 markets are isolated-only (the margin mode row above says which). Leverage is a ceiling, not a target: at 10x, a 10% move against you wipes out your margin, and liquidation comes earlier than that.
- Place a small first order and set a stop. Limit orders pay the lower maker fee. Watch the funding rate: you pay or receive it every hour you hold the position.
Risks
- It's a perp, not the asset. You get cash-settled price exposure in USDC. No share ownership, votes or dividends, and the price you trade can drift from the underlying, especially when its home market is closed.
- The deployer runs the oracle. trade.xyz publishes the price that drives funding and liquidations, sets leverage limits and can halt and settle a market. Each HIP-3 deployer stakes 500,000 HYPE that validators can vote to slash if the deployer's actions harm the protocol, which is an incentive, not insurance for your position.
- Outside market hours the price is set by traders here. When the underlying market is shut, the oracle follows this order book within discovery bounds. When the real market reopens, the price can jump to wherever it opens, and stops can fill far from where you set them.
- Liquidation. If your equity falls below maintenance margin (half the initial margin at max leverage), the position is closed at market. With cross margin, a loss here can take collateral from your other cross positions.
- Funding cuts both ways. Rates change every hour. A positive rate costs longs money every hour the position is open; over weeks that adds up.
- Thin books. Smaller markets can have wide spreads; big orders and liquidations move the price.
Nothing here is investment advice or a price forecast. Leveraged perps can lose more than you expect, fast.
Questions people ask
Can you trade Samsung stock on Hyperliquid?
Yes, as a perp. trade.xyz's xyz:SMSN tracks one KRX-listed Samsung Electronics common share (005930) in US dollars. You don't own shares or receive dividends.
When does the Samsung perp follow the Korean market?
During KRX sessions, Korea time: 9:01 AM–3:20 PM and 4:05–8:00 PM. Outside those sessions, on weekends and Korean holidays it trades on trade.xyz's internal pricing.
Can I trade this on Hyperliquid from the US?
No. Hyperliquid's terms restrict the United States (and Ontario, among others), and trade.xyz's terms bar US persons. ICE said on October 29, 2026 that it is backing a US version of trade.xyz's markets, subject to CFTC approval; nothing is live for US users yet.
Sources
- trade.xyz docs: Specification Index
- trade.xyz docs: Korea stocks (sessions, FX conversion)
- trade.xyz docs: Discovery bounds
- trade.xyz docs: Fees and growth mode
- trade.xyz docs: General disclaimer (restricted persons)
- The Block: ICE moves to bring trade.xyz Hyperliquid perps to the US (2026-10-29)
- Hyperliquid info API (metaAndAssetCtxs, snapshot 2026-11-04 10:16 UTC)
- Hyperliquid Docs: HIP-3 builder-deployed perpetuals
- Hyperliquid Docs: Fees (HIP-3 and growth mode)