Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG78.691−0.9382get 0.1173% / 1h51m 01s$246K$344K20xLong Kraken Futures
SHORT79.260−0.0209pay 0.0209% / 8h7h 51m$996K$3.8M—Short BingX
Price gap+0.723%46s
Funding gap+0.9173% /8h

Both sides work: funding pays +$275 a day on $10k, and the gap is 0.537% above its 7d average: +$54 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$44+0.9173% /8h now · paid +0.444% over the last 7D
Price—spread +0.723%46s now · prices read too far apart to compare
Costs−$6716.712% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.444% in total, about +0.0211%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.723%
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

0 ok · 5 to watch
  • Watch: Thin at this size293.9 / 8.0 bp
    At $10k entering Kraken Futures costs 293.9 bp, fee and slippage, 36.7× BingX’s.
  • Note: Margin at max leverage$500 + —
    Kraken Futures 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$275.18Long Kraken Futures: 24 payments, +$281.45; short BingX: 3 payments, −$6.27.
  • Watch: Prices read 46 s apart+0.723% vs +0.186%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$246K vs $996K OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCKraken Futures Yes · BingX Yes
    Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0211%/8h × 21 periods+$44.36
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$651.22
Fee Kraken Futures bp × 2 orders−$10.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$626.87
price spread not counted: prices read too far apart
Costs to cover6.712%Break-even105.9 days
Slippage: Kraken Futures: live order book, 30 min ago; BingX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKraken Futures106.33293.9 bp−$294doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.638.0 bp−$811.8 bp−$11870.8 bp−$7,078218.1 bp−$109.0K

Closing costs about the same again.

Alert

SOXS news

posts that mention SOXS or Direxion Semiconductor Bear 3x, from every exchange
10-29 09:00GateListingGate 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 09:00GateOtherTrade $SOXS: Trade $CBRS: @Gate on X ↗
10-15 08:22OrderlyOtherstart trading $SOXS and $SQQQ now @OrderlyNetwork on X ↗
10-15 08:20OrderlyOther2 leveraged ETFs just got perped 🟣 $SOXS - 3x inverse semiconductor ETF $SQQQ - 3x inverse Nasdaq 100 ETF Long or short both across 500+ Orderly-powered DEXs @OrderlyNetwork on X ↗
10-14 14:41OrderlyListingnew market PERP_SOXS_USDC_mythos ($SOXS) seen by our collector
10-14 10:07DeribitListing🚨 Now live on Deribit: CRWV • ORCL • SOXS • DELL • PLTR & SNXX USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗