SOXS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniSOXS	52.621	0	0.0000% / 8h	3h 09m	$2.1M	$308K	20x	Long Variational Omni+15% pts
SHORT	DeribitSOXS_USDC-PERPETUAL	52.684	0	0.0000% / 1h	9m 57s	$106K	$196K	10x	Short Deribit

Price gap+0.121%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding−$120.0000% /8h now · paid −0.122% over the last 7D

Price+$13spread +0.121% now, avg −0.013% → +0.134% if it goes back

Costs−$370.366% of $10k · taker + slippage, in and out

Result−$35−0.35%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.121%

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: Thin at this size7.1 / 15.9 bp
At $10k entering Deribit costs 15.9 bp, fee and slippage, 2.3× Variational Omni’s.
Note: Margin at max leverage$500 + $1,000
Variational Omni 20x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 3 payments, $0.00; short Deribit: 24 payments, $0.00.
OK: Entry gap works for you+0.121% vs −0.013%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$106K vs $2.1M OI
Deribit sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · Deribit 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−0.0058%/8h × 21 periods−$12.16

Price spread+0.121% → −0.013% (7d avg)+$13.41

Slippage, 4 orderslive order books−$29.62

Fee Variational Omni bp × 2 orders$0.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k−$35.37

Costs to cover0.366%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni3.337.1 bp−$710.8 bp−$108doesn’t fitdoesn’t fit

SELL · SHORTDeribit3.7615.9 bp−$1618.5 bp−$185doesn’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 →

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 ↗
10-14 10:00	Deribit	Listing	new market SOXS_USDC-PERPETUAL ($SOXS) seen by our collector
10-12 12:59	Deribit	Listing	🚨 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 ↗