Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG53.030+0.0100pay 0.0013% / 1h1m 11s$9K$223K20xLong TxFlow5% off
SHORT53.28000.0000% / 8h4h 01m$2.1M$315K20xShort Variational Omni+15% pts
Price gap+0.472%45s
Funding gap−0.0100% /8h

The gap pays +$47 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 16 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0−0.0100% /8h now · paid +0.003% over the last 7D
Price—spread +0.472%45s now · prices read too far apart to compare
Costs−$290.290% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropTxFlow: points · Variational Omni: points · farm boardneeds both prices read together

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+0.472%
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

2 ok · 4 to watch
  • Watch: Large against open interest7.3 / 6.9 bp
    $10k is over 10% of TxFlow’s open interest.
  • Note: Margin at max leverage$500 + $500
    TxFlow 20x, Variational Omni 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: −$3.00Long TxFlow: 24 payments, −$3.00; short Variational Omni: 3 payments, $0.00.
  • Watch: Prices read 45 s apart+0.472% vs +0.006%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$9K vs $2.1M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points · Variational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legTxFlow No · Variational Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0001%/8h × 21 periods+$0.26
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$20.01
Fee TxFlow bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$28.75
price spread not counted: prices read too far apart
Costs to cover0.290%Break-even772.4 days
Slippage: TxFlow: live order book, 4 min ago; Variational Omni: RFQ quote, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow2.827.3 bp−$78.7 bp−$8760.2 bp−$6,017doesn’t fit
SELL · SHORTVariational Omni3.326.9 bp−$710.5 bp−$105doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SOXS news

posts that mention SOXS or Direxion Semiconductor Bear 3x, from every exchangeSearch all news →
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 ↗
10-14 10:00DeribitListingnew market SOXS_USDC-PERPETUAL ($SOXS) seen by our collector
10-12 12:59DeribitListing🚨 New Equity & ETF Perpetuals. Coming to Deribit. On Wednesday, October 14, 2026 at 10:00 AM UTC, Deribit will launch the following USDC-settled equity perpetuals: CRWV • ORCL • SOXS • DELL • PLTR • SNXX Contract details: 🔹 Settlement: USDC 🔹 Full specs: @DeribitOfficial on X ↗