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 60.664 against an oracle of 60.664, a basis of +0.0 bps. Funding is 0.00063% per hour (5.5% APR), so longs pay shorts. Open interest is $17.33M, with trade.xyz at 23% of its $150.00M cap, and $441.56M traded in 24 hours. The US market is closed (pre-market) 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 | 60.664 | 60.664 | +0.0 bps | -5.84% | 0.00063% | 5.5% | ×0.5 | $17.33M | $150.00M | 23% | $441.56M | 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 |
|---|---|---|---|---|---|---|---|
| 5m ago | xyz:SOXL | SELL | $607K | 5.8× | +0.30% | — | — |
| 16m ago | xyz:SOXL | BUY | $672K | 7.3× | -0.07% | +1.37% | — |
| 22m ago | xyz:SOXL | BUY | $537K | 5.6× | +0.49% | +1.04% | — |
| 27m ago | xyz:SOXL | SELL | $17.11M | 184.6× | -1.07% | -0.28% | — |
| 28m ago | xyz:SOXL | SELL | $975K | 10.6× | -2.88% | -1.80% | — |
| 52m ago | xyz:SOXL | SELL | $544K | 4.3× | -0.79% | -0.74% | — |
| 2h ago | xyz:SOXL | SELL | $605K | 6.5× | +0.08% | +2.10% | -0.99% |
| 2h ago | xyz:SOXL | SELL | $524K | 6.6× | -0.04% | -0.74% | -1.19% |
| 2h ago | xyz:SOXL | BUY | $351K | 4.4× | -0.52% | -0.49% | -2.30% |
| 2h ago | xyz:SOXL | SELL | $365K | 5.0× | +0.33% | +1.33% | -0.19% |
| 2h ago | xyz:SOXL | SELL | $305K | 4.2× | -0.63% | -0.09% | -0.35% |
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 60.664 on trade.xyz, against an oracle of 60.664. 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?
0.00063% 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 60.664 against an oracle of 60.664, a basis of +0.0 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 · pre-market.