What is SK hynix?
SK hynix is a South Korean maker of memory chips, producing DRAM and NAND flash, including high-bandwidth memory used in AI accelerators, data centers, phones and PCs. Its common shares trade on the Korea Exchange under the code 000660. The contract references one U.S.-listed ADS (Nasdaq: SKHY), which represents one-tenth of a common share.
The xyz:SKHY perpetual tracks the share price of SK hynix, settles in USDC and never expires. It is listed on XYZ, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 10× leverage, around the clock.
Contract details
- Market
xyz:SKHYon XYZ (builder exchange)- Tracks
- The share price of SK hynix
- Settlement
- USDC, no expiry
- Leverage
- 10× at any size
- Margin
- Cross or isolated
- Size step
- 0.01 SKHY
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a SKHY trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 149.90, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 146.90
- Size
- 3.23 SKHY ($484.16)
- Loss at the stop, fees included
- $9.99
- Leverage
- 10× cross, $48.42 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about SKHY
What is the maximum leverage on SKHY?
10×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on SKHY?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade SKHY on Hypurr Desk?
At the exchange's base tier, 0.034% of the position value for market orders and 0.028% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Can I trade SK hynix when its home market is closed?
Yes. The perpetual trades around the clock, every day, including weekends and holidays. Prices can jump when the main market reopens, so a stop may fill away from its price.
Do I own SK hynix when I trade this market?
No. A perpetual tracks the share price of SK hynix and settles gains and losses in USDC. You never hold any shares, and positions can be closed out if losses use up their margin.
