SOXS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitSOXS_USDC-PERPETUAL	75.935	−0.0315	get 0.0039% / 1h	45m 22s	$310K	$4.5M	10x	Long Deribit
SHORT	Kraken FuturesPF_SOXSUSD	75.467	−0.9783	pay 0.1223% / 1h	45m 22s	$235K	$345K	20x	Short Kraken Futures

Price gap−0.616%

Funding gap−0.9468% /8h

Both sides work against this direction now: funding costs $284 a day on $10k and the gap is 0.580% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$37−0.9468% /8h now · paid −0.370% over the last 7D

Price−$58spread −0.616% now, avg −0.036% → −0.580% if it goes back

Costs−$6896.888% of $10k · taker + slippage, in and out

Result−$784−7.84%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.370% in total, about −0.0176%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.616%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOXS on 20 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size15.4 / 363.6 bp
At $10k entering Kraken Futures costs 363.6 bp, fee and slippage, 23.6× Deribit’s.
Note: Margin at max leverage$1,000 + $500
Deribit 10x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$284.04Long Deribit: 24 payments, +$9.44; short Kraken Futures: 24 payments, −$293.48.
Watch: Gap narrower than usual−0.616% vs −0.036%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$235K vs $310K OI
Kraken Futures sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCDeribit Yes · Kraken Futures Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0176%/8h × 21 periods−$37.04

Price spread−0.616% → −0.036% (7d avg)−$58.01

Slippage, 4 orderslive order books−$671.77

Fee Deribit bp × 2 orders−$7.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$783.82

Costs to cover6.888%Break-evennever at this rate

Slippage: Deribit: live order book, 1 min ago; Kraken Futures: live order book, 35 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit7.2515.4 bp−$1529.8 bp−$298doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures106.33363.6 bp−$364doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

SOXS news

posts that mention SOXS or Direxion Semiconductor Bear 3x, from every exchange

10-29 09:00	Gate	Listing	Gate ETF New Listing: $SOXS (SOXS) & $CBRS (Cerebras) 🔹 Trading Pairs: #SOXS3L / $USDT & #SOXS3S / $USDT & #CBRS3L / $USDT & #CBRS3S / $USDT 🔹 Trading Starts: 7:00 AM, Oct 29th, 2026 (UTC) 🔹 3× leverage for long and short positions, with greater flexibility Details: @Gate on X ↗
10-29 09:00	Gate	Other	Trade $SOXS: Trade $CBRS: @Gate on X ↗
10-15 08:22	Orderly	Other	start trading $SOXS and $SQQQ now @OrderlyNetwork on X ↗
10-15 08:20	Orderly	Other	2 leveraged ETFs just got perped 🟣 $SOXS - 3x inverse semiconductor ETF $SQQQ - 3x inverse Nasdaq 100 ETF Long or short both across 500+ Orderly-powered DEXs @OrderlyNetwork on X ↗
10-14 14:41	Orderly	Listing	new market PERP_SOXS_USDC_mythos ($SOXS) seen by our collector
10-14 10:07	Deribit	Listing	🚨 Now live on Deribit: CRWV • ORCL • SOXS • DELL • PLTR & SNXX USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗