SOXS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXSOXS-USD	32.770	+0.0026	pay 0.0003% / 1h	21m 49s	$1.1M	$3.7M	30x	Long QFEX
SHORT	PhemexSOXSUSDT	32.750	0	0.0000% / 8h	2h 21m	$1.4M	$1.7M	20x	Short Phemex

Price gap−0.061%

Funding gap−0.0026% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.088% 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−$2−0.0026% /8h now · paid −0.022% over the last 5 days (all we have)

Price−$9spread −0.061% now, avg +0.027% → −0.088% if it goes back

Costs−$1241.241% of $10k · taker + slippage, in and out

Result−$135−1.35%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.061%

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 16 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Watch: Thin at this size10.2 / 47.2 bp
At $10k entering Phemex costs 47.2 bp, fee and slippage, 4.6× QFEX’s.
Note: Margin at max leverage$333 + $500
QFEX 30x, Phemex 20x. 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: −$0.78Long QFEX: 24 payments, −$0.78; short Phemex: 3 payments, $0.00.
Watch: Gap narrower than usual−0.061% vs +0.027%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$1.1M vs $1.4M OI
Both legs are deep; QFEX is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0015%/8h × 21 periods−$3.20

Price spread−0.061% → +0.027% (7d avg)−$8.80

Slippage, 4 orderslive order books−$102.13

Fee QFEX bp × 2 orders−$10.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$136.14

Costs to cover1.241%Break-evennever at this rate

Slippage: QFEX: live order book, 5 min ago; Phemex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX4.5910.2 bp−$10doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPhemex15.3047.2 bp−$47doesn’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 exchangeSearch all news →

09-28 13:30	QFEX	Listing	$SOXS - Direxion Daily Semiconductor Bear 3X ETF is now trading 24/7 on QFEX @QFEX on X ↗
09-25 16:48	QFEX	Listing	new market SOXS-USD ($SOXS) seen by our collector
09-22 22:30	Binance	Other	SOXS bStock (SOXSB) dividends are now in your Spot Wallet ✅ If you were holding tokens before 23 Sep 2026, your dividend should now be available. → $0.43 USD dividend per share → Distributed as additional SOXSB Thank you for being part of Binance bStocks. 🫡 @binance on X ↗