Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG78.691−0.9382get 0.1173% / 1h51m 04s$246K$344K20xLong Kraken Futures
SHORT79.160+0.0072get 0.0009% / 1h51m 04s$556$333K20xShort TxFlow5% off
Price gap+0.596%
Funding gap+0.9453% /8h

Both sides work: funding pays +$284 a day on $10k, and the gap is 0.553% above its 7d average: +$55 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$67+0.9453% /8h now · paid +0.672% over the last 7D
Price+$55spread +0.596% now, avg +0.043% → +0.553% if it goes back
Costs−$6716.705% of $10k · taker + slippage, in and out
Result−$548−5.48%+ Points / potential airdropTxFlow: Season 1 · farm board

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.672% in total, about +0.0320%/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+0.596%
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

3 ok · 3 to watch
  • Watch: Thin at this size293.9 / 5.8 bp
    At $10k entering Kraken Futures costs 293.9 bp, fee and slippage, 50.5× TxFlow’s.
  • Note: Margin at max leverage$500 + $500
    Kraken Futures 20x, TxFlow 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: +$283.60Long Kraken Futures: 24 payments, +$281.45; short TxFlow: 24 payments, +$2.15.
  • OK: Entry gap works for you+0.596% vs +0.043%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$556 vs $246K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow Season 1
    Volume here counts toward the points program.
  • Watch: KYCKraken Futures Yes · TxFlow No
    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+0.0320%/8h × 21 periods+$67.22
Price spread+0.596% → +0.043% (7d avg)+$55.27
Slippage, 4 orderslive order books−$651.54
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$548.06
Costs to cover6.705%Break-even64.1 days
Slippage: Kraken Futures: live order book, 29 min ago; TxFlow: live order book, 28 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 · SHORTTxFlow1.335.8 bp−$612.1 bp−$12161.2 bp−$6,118doesn’t fit

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 ↗