Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.025%
Price spread now: Pacifica against Extended+0.009%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.009%, 7d avg +0.048%
=Together, before fees+0.227%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.039% cheaper against Extended than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.048%). If the spread goes back, that is −$4 on $10k: about 46 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX500m-USD | 7,756.5 | 0.0032 | pay 0.0004% / 1h | 51m 04s | $3.3M | $11.9M | 25x |
| Short | Pacifica SP500 | 7,757.2 | 0.0100 | get 0.0013% / 1h | 51m 04s | $259K | $168K | 20x |
Extended SPX500m-USD
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Extended. 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
- $14.28
- Price spread: +0.009% → +0.048%
- −$3.89
- Slippage, 4 orders
- −$17.63
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$20.23
- Costs to cover
- 0.306%
- Break-even
- 16.9 days
Slippage from Extended: live order book, 3 min ago; Pacifica: live order book, 47 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 Extended live order book, 3 min ago | 0.77 bp | 3.3 bp −$3 | 6.3 bp −$63 | 20.3 bp −$2,026 | doesn't fit |
| Sell Pacifica live order book, 47 min ago | 2.51 bp | 13.7 bp −$14 | 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 | 7,663.3 | −1.201% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,754.1 | −0.030% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762.6 | +0.079% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,756.8 | +0.004% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,733.9 | −0.291% | $17.5M | $8.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,754.1 | −0.031% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0018% | 1h | 7,753.5 | −0.038% | $431.4M | $233.8M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,753.5 | −0.038% | $2.0M | $28.0M | 50x | as long as short |
| Extended SPX500m-USDlong | +0.0032% | 1h | 7,756.5 | long leg | $3.3M | $11.9M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,726.7 | −0.384% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,822.6 | +0.853% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,758.4 | +0.025% | $624K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,754.6 | −0.023% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,756.4 | −0.001% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,753.8 | −0.034% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,755.7 | −0.010% | $9.5M | $8.3M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,757.2 | +0.009% | $259K | $168K | 20x | |
| Aftermath Perps US500USD | +0.0331% | 1h | 7,754.3 | −0.027% | $497 | $29K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD