A contract linked to Direxion Daily Semiconductor Bull 3X ETF (SOXL) stood 8.63% above the fund’s Nov. 2 close in a premarket Hyperliquid snapshot, showing the spread to its last cash price.
At 8:21 a.m. ET Tuesday, Hyperliquid data showed the contract at $74.05, compared with SOXL’s $68.17 market close from Nov. 2. U.S. cash trading had not opened.
The snapshot put xyz’s open interest at $4.29 billion and showed $4.68 billion in trading volume across 142 instruments over the preceding 24 hours. WTI crude led volume at $528.41 million, ahead of Brent crude at $467.69 million.
The premium uses SOXL’s Nov. 2 closing price as its baseline, rather than the contract’s price 24 hours earlier. Hyperliquid’s xyz market operates around the clock, while the ETF’s quoted close reflects its latest regular session.
An Oct. 21 snapshot of the same contract put it 4.48% above SOXL’s Oct. 20 close.
