Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Pacifica against Bitget0.000%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.606% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now 0.000%, 7d avg −0.035%
=Together, before fees+0.154%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.035% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SP500USDT | 7,767.3 | 0 | get 0.0000% / 8h | 54m 20s | $7.2M | $784K | 50x |
| Short | Pacifica SP500 | 7,767.3 | 0.0100 | get 0.0013% / 1h | 54m 20s | $258K | $195K | 20x |
Bitget SP500USDT
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: 0.000% → −0.035%
- $3.48
- Slippage, 4 orders
- −$40.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$36.14
- Costs to cover
- 0.606%
- Break-even
- 19.0 days
Slippage from Bitget: live order book, 4 min ago; Pacifica: live order book, 24 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 4 min ago | 2.45 bp | 21.3 bp −$21 | 36.4 bp −$364 | 39.3 bp −$3,934 | doesn't fit |
| Sell Pacifica live order book, 24 min ago | 1.22 bp | 5.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
SP500 on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,666.6 | −1.296% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,766.9 | −0.005% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765 | −0.030% | $153K | $293K | 20x | as long as short |
| Bitget SP500USDTlong | 0.0000% | 8h | 7,767.3 | long leg | $7.2M | $784K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,742.1 | −0.324% | $17.2M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.2 | −0.001% | $12K | $106K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,765.4 | −0.024% | $2.3M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767.9 | +0.008% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.7 | −0.381% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,832.3 | +0.836% | — | $3.5M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,768.8 | +0.019% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765 | −0.029% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.1 | −0.003% | $436.1M | $255.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765 | −0.030% | $8.0M | $1.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.2 | −0.001% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,767.2 | −0.001% | $9.5M | $6.7M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0074% | 1h | 7,763.1 | −0.054% | $518 | $21K | 10x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,767.3 | 0.000% | $258K | $195K | 20x |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD