Coming Soon: EWYUSDT Perpetual Swap Listing with up to 20x Leverage
A new perp listing for EWY (iShares MSCI South Korea ETF) – EWYUSDT – will soon be available to trade on BitMEX, with up to 20x leverage.
Trading will begin here on 23 April 2026 at 12:00 UTC.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to 5,050 USDT in Trading Credits for verified users- you can register here.
EWYUSDT Contract Specs
EWYUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of EWY and trade it with leverage, without needing to have any holdings in the iShares MSCI South Korea ETF.
Key contract details for our EWY ETF listing:
Symbol: EWYUSDT
Margin Currency: USDT
Contract Size: 0.01 EWY
Lot Size: 1
Minimum Trade Amount: 0.01 EWY
Underlying: .BEWYT
Max Leverage: 20x
Maker Fee: 0.05%
Taker Fee: 0.05%
Base Initial Margin: 5.00%
Base Maintenance Margin: 2.50%
You will be able to trade the EWYUSDT perpetual contract here, or refer to the full contract specs here.
Why Trade EWYUSDT?
Gain exposure to large and mid-sized companies in South Korea (particularly on technology and industrial sectors)
Get targeted access to South Korean stocks
Express directional view on a single country
Do all of the above using crypto as collateral, with 24/7 exposure
About EWY, the iShares MSCI South Korea ETF
EWY tracks the MSCI Korea 25/50 Index, which consists of large and mid-sized companies traded on the Korea Exchange (such as Samsung Electronics, SK Hynix, and Hyundai Motor). The heavy weighting on the technology and industrial sectors means investors can take a high-conviction position on the global semiconductor and industrial cycle, rather than relying on correlated emerging market baskets to express a regional view.
Our EWYUSDT Perp is a derivative that allows you to access leveraged exposure to the iShares MSCI South Korea ETF prices as traded on traditional markets directly on BitMEX. Like other perpetual swaps, it never expires, trades 24/7, with up to 20x leverage, and settles in USDT (Tether).
The index price of the EWYUSDT on BitMEX is constructed using oracles that track traditional markets. When traditional markets are open, the majority of the index price is provided by oracles (Pyth), with the remainder made up of the median of the bid, ask and last prices of the EWYUSDT contract on BitMEX.
When traditional markets are closed, the index price will be the median of the bid, ask, and last prices of the EWYUSDT contract on BitMEX: in this case a 2% hourly price band is applied.
Like every swap on BitMEX, funding is exchanged between longs and shorts every 8 hours. The funding bias is neutral, meaning that if Mark Price is in line with the Index, neither side pays a funding fee. This differs from most venues which naturally force long positions to pay a funding “tax”.
Click here to learn more about the mark method applied to this contract.
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In the meantime, if you have any questions please contact Support who are available 24/7.
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