EWY PERP, Korea exposure up to 20x on Swapmos

EWY tracks the MSCI South Korea index, which leans heavily on semiconductors, so the memory cycle, the won and monthly export data drive most of it, with autos and shipbuilding behind. The perpetual follows the ETF price without a brokerage account or foreign market access, margined and settled in USDC. There is no expiry, funding is periodic, and 20x leaves a thin buffer.

Taking you to the live market

Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.