Before U.S. stock markets opened Tuesday, a Hyperliquid contract linked to Direxion Daily Semiconductor Bull 3X ETF (SOXL) traded at $54.72 on its around-the-clock xyz market, below the fund's last close.
The ETF's latest regular-session close was $56.20, Hyperliquid data showed at 7 a.m. ET (12:00 UTC). The $1.48 difference equaled 2.63%. The $54.72 quote is below SOXL’s last cash-market close; the 18.20% figure tracks the contract’s rolling daily move.
At 7 a.m. ET (12:00 UTC), xyz had $4.23 billion in open interest across 144 instruments; turnover over the preceding 24 hours was $5.01 billion. NVIDIA-linked contracts led turnover at $591.66 million, followed by SK hynix-linked contracts at $489.12 million. The SOXL-linked contract accounted for $386.42 million.
Other contracts also traded below their corresponding last closes. The SanDisk-linked contract showed a 1.02% gap, while contracts linked to Micron and AMD were each 0.80% lower. On Saturday, an earlier snapshot of the SOXL-linked contract put its gap below the ETF's last close at 0.8%.
