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SOXL Perp on Hyperliquid (HIP-3)

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 153.06 against an oracle of 153.16, a basis of -6.5 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $28.78M, with trade.xyz at 58% of its $50.00M cap, and $3.82M traded in 24 hours. The US market is closed (weekend) until Mon 09:30 ET, so the deployer maintains the oracle and the basis is not a live arbitrage reference until then.

US market closed · weekendAs of 16:47 UTC

Marktrade.xyz
153.06
Oracle 153.16-6.5 bps
Funding per hour
0.00063%
5.5% APRlongs pay shorts
Open interest
$28.78M
58% of $50.00M cap
24h volumeUS closed
$3.82M
+1.70% 24hopens Mon 09:30 ET

SOXL perp markets on Hyperliquid

ETFs · by open interest
Dex Mark Oracle Basis 24h Funding /h APR OI OI cap Cap use 24h vol Max lev. Trade
trade.xyz xyz:SOXLgrowth 153.06 153.16 -6.5 bps +1.70% 0.00063% 5.5% $28.78M $50.00M 58% $3.82M 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 venues
MarketPriceFunding /hAPROI24h volTrade
Bybit SOXLUSDT 153.02 0.00000% 0.0% $31.01M $48.31M Trade
HTX SOXL-USDT 152.97 0.00000% 0.0% $74K $53K Trade

SOXL volume spikes

SOXL across exchanges →
Buy-side: 0Sell-side: 1
WhenDexSide$ in 1m× normal+5m+15m+1h
14m ago xyz:SOXL SELL $140K 223.5× -0.08% — —

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 funding rate on Hyperliquid?

0.00063% per hour on trade.xyz right now (5.5% 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 (0.0050% per 8h).

How closely does the SOXL perp track the underlying?

The trade.xyz mark is 153.06 against an oracle of 153.16, a basis of -6.5 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.

What is the SOXL open interest cap?

trade.xyz caps xyz:SOXL open interest at $50.00M; $28.78M is in use right now (58%). When a market reaches its cap, orders that would add open interest are rejected until it falls.

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 · weekend.