How to trade SK Hynix perpetuals on Bybit

Semiconductor stocks like SK Hynix move fast. AI chip demand, memory pricing cycles, and global trade policy can all shift the price significantly within a single session. Bybit now lists SKHYNIXUSDT as a USDT perpetual contract, giving traders direct 24/7 exposure to one of South Korea's most actively traded equities — no brokerage account, no market hours, and no expiry date. 

This guide covers how to find the contract, understand the key price drivers, set your leverage, and place your first trade.

Key takeaways:

• SKHYNIXUSDT is a USDT perpetual contract on Bybit, offering up to 20x leverage and 24/7 trading with no expiry date.

• SK Hynix is the world's leading supplier of High Bandwidth Memory (HBM) chips, making it a direct beneficiary of AI infrastructure investment.

• The stock is driven by AI chip demand, DRAM pricing cycles, and US-China export policy — all of which can move the price outside traditional market hours.

• The contract uses a funding rate mechanism with an 8-hour interval to keep the perpetual price aligned with the underlying asset.

What is SK Hynix?

SK Hynix Inc. is a South Korean semiconductor company and one of the world's top producers of DRAM, NAND flash, and High Bandwidth Memory (HBM) chips. It is listed on the Korea Stock Exchange (KRX) under ticker 000660 and is a major component of the KOSPI index.

The company posted record revenue of 97.15 trillion Korean won in 2025 — an increase of nearly 50% year-over-year — driven by surging demand for HBM chips used in AI data centers. Annual operating profit more than doubled to 47.21 trillion won over the same period.

SK Hynix holds roughly 52% of the global HBM market and commands approximately 38% of the broader DRAM market by revenue. NVIDIA accounts for around 27% of SK Hynix revenue, making it the company's single most important customer and a key reason the stock tracks AI infrastructure sentiment closely.

SK Hynix stock performance at a glance

The following data is sourced from Google Finance as of Jun 10, 2026. Verify all figures at time of writing before publication.

• KRX ticker: 000660

• Price (Jun 10, 2026): approximately $1,341

• 52-week high: approximately $1,576

• 52-week low: approximately $149

• Market cap: approximately $956 billion

• P/E ratio: 19.39

• Analyst consensus: Strong Buy (38 analysts)

• 12-month average price target: approximately $1,360 — roughly 1% upside from Jun 10 levels, suggesting the stock is fairly valued near term

• Bybit ticker: SKHYNIXUSDT

Why SK Hynix stock is moving

Bullish factors

• AI-driven HBM demand: SK Hynix is the dominant supplier of HBM3E chips to NVIDIA for use in H100 and H200 GPUs. HBM revenue more than doubled in 2025 as AI infrastructure buildout accelerated.

• NVIDIA partnership: NVIDIA drove roughly 27% of SK Hynix revenue in the first half of 2025. The two companies signed a multiyear technology partnership to co-develop next-generation HBM.

• Memory upcycle: DRAM and NAND prices are recovering after a prolonged downturn. The broader memory market has shifted toward a higher-value product mix.

• Strong earnings momentum: Revenue and operating profit both set records in 2025, with the next earnings report scheduled for Jul 29, 2026.

• Data center expansion: Hyperscaler capital expenditure growth — across Amazon, Google, Microsoft, and others — is sustaining chip demand well into 2026.

Bearish factors and risks

• US-China trade restrictions: US export controls on advanced semiconductors limit SK Hynix's access to Chinese customers. Any escalation in trade policy is a near-term risk.

• Inventory risk: Consumer electronics demand remains soft. A slowdown in mobile or PC chip orders could create oversupply pressure in lower-margin product lines.

• Competition: Samsung and Micron are both investing heavily in HBM capacity. Samsung is working to complete NVIDIA's HBM3E qualification, which could erode SK Hynix's supply dominance.

• Macro sensitivity: A global economic slowdown or reduction in hyperscaler capital expenditure would impact demand for enterprise and consumer chips alike.

SKHYNIXUSDT contract specifications

How to trade SK Hynix on Bybit

SKHYNIXUSDT is available under Trade → Futures. The steps below follow the same order panel layout used for all USDT perpetual contracts on Bybit.

Step 1: Log in and navigate to the contract

1. Log in to your Bybit account at bybit.com.

2. From the top navigation bar, select Trade > Futures.

3. In the Futures panel, select the USDT tab and search for SKHYNIXUSDT in the search bar.

4. Click on the contract to open the trading view.

Step 2: Review the contract and set leverage

Before entering a trade, review the following on the contract page:

• Current price and recent price action.

• Funding rate — a positive rate means long positions are paying shorts. Factor this into your holding cost, especially for multi-day positions.

• 24-hour volume and open interest — higher figures indicate more liquidity.

To set leverage, click the leverage indicator above the order panel and use the slider to choose a multiplier between 1x and 20x. Lower leverage is recommended during high-volatility periods or for traders new to stock perps.

Step 3: Place your order

• Choose your direction: Select Long (buy) if you expect the price to rise, or Short (sell) if you expect it to fall.

• Select your order type: Market order for immediate execution, Limit order for a specific entry price, or Conditional order for a trigger-based entry.

• Enter your order size: Input the amount in USDT or number of contracts.

• Set take profit and stop loss: Always set a stop loss when trading leveraged products. Memory stocks can move sharply on macro or earnings news.

• Confirm and submit: Review the order summary, then click Buy/Long or Sell/Short to submit. Your position appears in the Positions tab below the chart.

Tips for trading SKHYNIXUSDT perps

• Watch earnings and chip pricing data: SK Hynix reports quarterly earnings — the next date is Jul 29, 2026. DRAM and NAND spot price moves can also shift the stock independently of earnings.

• Monitor the funding rate: The funding interval is every 8 hours with a maximum rate of 2.5%. A sustained positive rate means the cost of holding a long position compounds over time.

• Follow AI infrastructure news: NVIDIA earnings, hyperscaler capital expenditure announcements, and US semiconductor export policy all move SK Hynix directly.

• Track the KOSPI: SK Hynix is a major KOSPI component. Broad Korean market moves, currency fluctuations, and regional geopolitical events can affect the stock alongside company-specific news.

• Always use a stop loss: Semiconductor stocks can gap sharply on macro announcements. Set your stop loss before submitting every leveraged trade.

The bottom line

SKHYNIXUSDT perpetuals on Bybit give you 24/7 exposure to one of South Korea's most actively traded tech stocks — with up to 20x leverage, USDT collateral, and no expiry date. As the world's leading HBM supplier and a direct play on AI infrastructure investment, SK Hynix is a contract worth understanding before you trade it.

Ready to start? Trade SKHYNIXUSDT on Bybit today.

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