Tradr 2X Long SNDK ETF (SNXX) perpetual futures
Go long or short SNXX with up to 10x leverage and isolated margin on Hyperliquid, funded straight from your pump wallet.
- Mark
- $3.6045
- 24h change
- +9.74%
- Leverage
- 10x
- Funding
- 0.00826% (72.32% APR)
- Funding interval
- Every hour
- Next funding
- 24h volume
- $18.2M
- Open interest
- $5.04M
- Min order
- $10.00
- Provider
- Hyperliquid
About
The SNXX fund aims to generate gains by taking a bullish stance on Sandisk Corporation (NASDAQ: SNDK) shares, primarily through the use of swap agreements and listed call options. Direct investment in SNDK stock is also a possible strategy for the fund. Sandisk is a technology firm specializing in the creation, production, and supply of storage solutions leveraging NAND flash technology, with a product portfolio encompassing items like solid state drives, various memory cards, and USB flash drives. Through daily rebalancing, SNXX strives to achieve daily leveraged exposure, targeting a return equivalent to twice the daily percentage movement of SNDK's share price. It's important to note that holding the fund for more than one day may lead to returns diverging significantly from the targeted 200%, primarily due to the effects of volatility and compounding. For collateral purposes, the fund intends to allocate capital to US Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt.
What are the risks?
If the price moves too far against you, your position gets liquidated and you lose the money you put in. Higher leverage means a smaller move can wipe you out.
SNXX
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