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Samsung and SK Hynix keep a price after Seoul closes

Both trade around the clock as perpetuals on Hyperliquid xyz. This page shows how much of each week's move happened while the home floor was shut, which names are hot tonight, and who pays to hold.

Flagship prices

Waiting for the first board read.

Moved while Seoul slept

Each name's 7-day move, split by whether its home floor was open or shut

The open-versus-shut split is not available right now. Prices above and below still update every minute.

The night tape

Waiting for the first board read.

0 names live · updated no data

Supply chain, priced

From memory to machines, every tile a live perp

Waiting for the first board read.

updated no data

Who pays to hold

Funding per day on each name, highest first

Waiting for the first board read.

updated no data

Memory thesis on the record

A paper book weighting Samsung memory, published before the outcome

Read the Samsung memory index weighting thesis. The Memory Big4 index is registered but has no published level yet.

Curator Andy · semiconductors deskAndy keeps this desk
The rails we already scan7
VQ71
DL52
QK47
WV46
YZ44
GN43
VK21

Stock perps per venue. Survey 2026-07-19 · static. All inside our standard market feed.

How it trades — the venues, per product0
VenueProduct (live)NamesLeverage (venue-set)Taker (static)Funding (live)
The venue table is not available right now.

Live: product and funding interval from /rwa/board. Static: taker fees from the 2026-07-19 rails survey (base tier 0.045% on Hyperliquid xyz, ~0.05% on VQ); verify current schedules at each venue. Leverage caps vary by name. Not investment advice.

How to trade — a staged path3

These perps live on offshore rails, so trading them is a staged path. Today: the trade terminal and the venue guides. Nothing on this page signs or moves funds.

1 · Learn the rail
How HL xyz equity perps and VQ pre-IPO perps price around the clock.
Open
2 · Check eligibility
Confirm the product is permitted where you live (table below).
3 · Venue guide
Each venue's own onboarding and funding docs (offsite).

Staged onboarding. Guides only today; no wallet flow on this page.

Eligibility and regions

Eligibility & Regionsself-verifyTokenized Semiconductors

Availability of these products varies by jurisdiction. It is your responsibility to confirm that a product is permitted in your country of residence before using it. This page is not investment advice and not legal advice. NightWatch prices these markets for information only and does not solicit or facilitate trades in any restricted jurisdiction.

VenueRestricted (per public ToS)Source
HyperliquidUS persons (perps); front-end geo-blocks restricted jurisdictions.
Non-custodial DEX; the protocol is on-chain, the front-end enforces the geo-block.
hyperliquid.gitbook.io — Terms
VQUS persons; certain products limited by region.
xStocks / pre-IPO perps availability varies by residency.
venue user agreement
Summarized from each venue's public Terms of Service, as of 2026-07-20 — not exhaustive, may change without notice, not legal advice. HyperLiquid restricts US persons on perps; other venues restrict US persons and additional jurisdictions per their terms. Confirm against the venue's current terms before trading.
Haru's Read — the overnight hedge4

What happened

KRX closed at 3:30pm. Your Samsung position didn't stop moving. SMSN kept trading all night on a rail you couldn't see.

How a desk reads it

Overnight gap risk isn't fate. It's an unhedged short option you're handing the market for free.

Your instrument

Night price feed, funding cost and the hedge math, per name. Strategy content, not investment advice.

The number nobody publishes

The overnight basis between the KRX close and the SMSN/SKHX perp, a leading indicator of tomorrow's KRX gap.

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