Direxion Daily Semiconductor Bull 3X (SOXL) Perp on Hyperliquid (HIP-3)
Direxion Daily Semiconductor Bull 3X (SOXL) perpetual futures on Hyperliquid's HIP-3 dexes (ETFs): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
SOXL trades on 1 HIP-3 dex; on trade.xyz the mark is 62.344 against an oracle of 62.370, a basis of -4.2 bps. Funding is 0.00013% per hour (1.2% APR), so longs pay shorts. Open interest is $17.00M, with trade.xyz at 23% of its $150.00M cap, and $415.04M traded in 24 hours. The US market is closed (after hours) until Thu 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.
Market health
no active flags- ✓No flagsAvailable data: No SOXL market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
trade.xyzFunding multiplier ×0.5. trade.xyz applies a funding multiplier of ×0.5 to xyz:SOXL, scaling the rate Hyperliquid's funding formula would otherwise give.
SOXL perp markets on Hyperliquid
ETFs · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:SOXLgrowth | 62.344 | 62.370 | -4.2 bps | +0.89% | 0.00013% | 1.2% | ×0.5 | $17.00M | $150.00M | 23% | $415.04M | 10× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle; while the US market is closed the oracle is maintained by the deployer, not a live exchange price. Trade links go to the exchange and may be referral links.
SOXL perps elsewhere
same ticker on other venuesSOXL contract history
History for xyz:SOXL only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
xyz:SOXLLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:SOXL observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00028% | 0.0022% | 24/24 | |
| 0.00208% | 0.0167% | 24/24 | |
| 0.00149% | 0.0119% | 24/24 | |
| -0.00472% | -0.0378% | 24/24 | |
| 0.00022% | 0.0018% | 24/24 | |
| 0.00218% | 0.0174% | 24/24 | |
| 0.00706% | 0.0565% | 24/24 |
Only xyz:SOXL: means of recorded hourly quoted funding, not settled payments or realised returns. Hourly means divide the normalized 8h quotes by eight. Coverage counts observed hours out of 24; missing hours are excluded, not treated as zero. Missing dates remain unavailable. The current UTC day is excluded. Annualised projections assume a rate continues and are not historical earnings.
SOXL volume spikes
SOXL across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| just now | xyz:SOXL | SELL | $895K | 12.4× | — | — | — |
| 11m ago | xyz:SOXL | SELL | $3.55M | 45.8× | -0.05% | — | — |
| 45m ago | xyz:SOXL | SELL | $461K | 5.2× | -1.48% | -1.17% | — |
| 65m ago | xyz:SOXL | SELL | $2.62M | 29.0× | +0.03% | +0.18% | -3.14% |
| 70m ago | xyz:SOXL | BUY | $3.29M | 37.3× | +0.91% | +0.95% | -2.59% |
| 73m ago | xyz:SOXL | BUY | $1.09M | 13.9× | +0.82% | +0.65% | -1.23% |
| 82m ago | xyz:SOXL | SELL | $395K | 4.4× | +0.73% | +2.47% | +1.12% |
| 2h ago | xyz:SOXL | BUY | $902K | 9.5× | -0.52% | -0.28% | -0.05% |
| 2h ago | xyz:SOXL | BUY | $2.08M | 15.6× | -0.89% | -0.61% | +1.49% |
| 2h ago | xyz:SOXL | BUY | $616K | 4.6× | -0.71% | -0.83% | +0.81% |
| 3h ago | xyz:SOXL | BUY | $656K | 4.3× | +0.27% | -0.15% | +2.15% |
| 4h ago | xyz:SOXL | BUY | $1.86M | 6.8× | +1.84% | +4.45% | +3.11% |
| 4h ago | xyz:SOXL | SELL | $1.08M | 4.8× | -1.55% | +0.96% | +1.59% |
| 4h ago | xyz:SOXL | MIXED | $1.25M | 6.8× | +0.33% | -1.77% | +0.32% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
SOXL perp FAQ
What is the SOXL price on Hyperliquid?
The SOXL perp mark is 62.344 on trade.xyz, against an oracle of 62.370. The perp mark is not the exchange-listed underlying price: it is the price of the perpetual contract, and can differ from the underlying. Missing values appear as a dash.
What is the SOXL funding rate on Hyperliquid?
0.00013% per hour on trade.xyz right now (1.2% APR), so longs pay shorts. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0011% per 8h).
How closely does the SOXL perp track the underlying?
The trade.xyz mark is 62.344 against an oracle of 62.370, a basis of -4.2 bps. Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source). The US market is closed right now, so the deployer maintains the oracle until the open.
Can I trade SOXL when the US market is closed?
Yes. The perp trades 24/7 on Hyperliquid, but the US session runs 09:30 to 16:00 New York time on trading days; outside it the oracle is set by the deployer and prices can gap at the open. Status now: US market closed · after hours.