Existing knowledge hypergraph embedding methods mainly focused on improving model performance, but their model structures are becoming more complex and redundant. Furthermore, due to the inherent complex semantic knowledge, the computation of knowledge hypergraph embedding models is often very expensive, leading to low efficiency. In this paper, we propose a feature interaction and extraction-enhanced 3D circular convolutional embedding model, HyCubE, which designs a novel 3D circular convolutional neural network and introduces the alternate mask stack strategy to achieve efficient n-ary knowledge hypergraph embedding. By adaptively adjusting the 3D circular convolution kernel size and uniformly embedding the entity position information, HyCubE improves the model performance with fewer parameters and reaches a better trade-off between model performance and efficiency. In addition, we use 1-N multilinear scoring based on the entity mask mechanism to further accelerate the model training efficiency. Finally, extensive experimental results on all datasets demonstrate that HyCubE consistently outperforms state-of-the-art baselines, with an average improvement of 4.08%-10.77% and a maximum improvement of 21.16% across all metrics. Commendably, HyCubE speeds up by an average of 7.55x and reduces memory usage by an average of 77.02% compared to the latest state-of-the-art baselines.