Yep. Everything is calculated into price. Token is backed by real asset. Binance is constantly rebalancing amount of tokens. You only need to know that you need to subscribe/redeem your funds (max20k per user). Every fees (except trading fees), funding too is transfered into asset price.
"iv. Management fees: A daily management fee of 0.01% will be charged at 00:00 UTC and reflected directly in the net asset value of the leveraged tokens;
v. Funding fees: Funding fees are paid (or paid to) the underlying fund based on the funding rate and reflected directly in the net asset value of the Leveraged tokens. Binance takes no fees for funding rate transfers; these are directly between traders."
https://www.binance.com/en/leveraged-tokens/tokens/allTokensThe only fee that is not reflected into price are Subscription and Redemption fees.
"ii. Subscription fees: Subscription fees are charged when users choose to subscribe tokens, which is currently set at 0.1% per subscription.
iii. Redemption fees: Redemption fees are charged when users choose to redeem tokens, which is currently set at 0.1% per redemption."
It is technically possible for price to go 0.
thanks for your reply.
I don't have all the time that I used to have previously in my week days now, so I usually end up carrying some things to the weekend where I have more time. So I guess I'll be processing in more details on your answer and in case elaborate something.
ps: yeah redw. one fun exercise if you have time would be to compare (by charts) how a particular token rose or declined compared to the corresponding underlying asset.
I am sure we'll find out that BTCUP rose less compared to how much btcusd rose; and BTCDOWN declined more than how much btcusd rose