Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Pacifica against Bullet+0.024%45s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.317% of the position
Funding, last 3 days (all we have)+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.024%, 7d avg +0.002%
=Together, before fees+0.074%+ Points / potential airdropPacifica: Active · farm board+$7 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 0.022% dearer against Bullet than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,766.2 | 0 | get 0.0000% / 1h | 31m 39s | $13K | $105K | 10x |
| Short | Pacifica SP500 | 7,768.1 | 0.0100 | get 0.0013% / 1h | 31m 39s | $261K | $177K | 20x |
Bullet US500-USD
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bullet. 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: +0.024% → +0.002%
- $2.19
- Slippage, 4 orders
- −$15.74
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$8.55
- Costs to cover
- 0.317%
- Break-even
- 9.9 days
Slippage from Bullet: live order book, 12 min ago; Pacifica: live order book, 11 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 Bullet live order book, 12 min ago | 0.50 bp | 6.2 bp −$6 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 11 min ago | 0.71 bp | 10.1 bp −$10 | 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 | 7,664.6 | −1.309% | $7K | $107 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,766.6 | +0.005% | $11.9M | $2.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.6 | −0.008% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.1 | +0.037% | $7.2M | $773K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,741.3 | −0.321% | $17.5M | $9.3M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,766.2 | long leg | $13K | $105K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,765.6 | −0.008% | $2.0M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.4 | +0.028% | $3.2M | $14.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.2 | −0.361% | $1.6M | $7.5M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.863% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 | 7,768.1 | +0.024% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,765.9 | −0.004% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,766.5 | +0.003% | $431.1M | $234.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,765.6 | −0.008% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.3 | +0.001% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.7 | +0.031% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,768.1 | +0.024% | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0311% | 1h | 7,768.5 | +0.029% | $575 | $27K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD