Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.002%
Price spread now: Pacifica against Markets by Kinetiq+0.379%7-day average +0.302% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.379%, 7d avg +0.302%
=Together, before fees+0.059%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.077% dearer against Markets by Kinetiq than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.302%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,742.1 | 0.0046 | pay 0.0006% / 1h | 47m 29s | $1.6M | $7.1M | 25x |
| Short | Pacifica SP500 | 7,771.5 | 0.0100 | get 0.0013% / 1h | 47m 29s | $259K | $175K | 20x |
Markets by Kinetiq mkts:US500
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Markets by Kinetiq. 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
- $11.41
- Price spread: +0.379% → +0.302%
- $7.72
- Slippage, 4 orders
- −$11.05
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$1.54
- Costs to cover
- 0.207%
- Break-even
- 7.9 days
Slippage from Markets by Kinetiq: live order book, 9 min ago; Pacifica: live order book, 26 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 Markets by Kinetiq live order book, 9 min ago | 0.06 bp | 0.9 bp −$1 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 26 min ago | 2.38 bp | 9.5 bp −$9 | 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 | 7,667.9 | −0.958% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,772.7 | +0.395% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.9 | +0.359% | $152K | $248K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | +0.390% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.2 | +0.041% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,772.1 | +0.388% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,769.8 | +0.358% | $2.1M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,772 | +0.387% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500long | +0.0046% | 1h | 7,742.1 | long leg | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.8 | +1.223% | — | $3.6M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
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 | 7,773.4 | +0.404% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.3 | +0.352% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,772 | +0.386% | $436.5M | $246.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.4 | +0.353% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771.5 | +0.380% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.6 | +0.381% | $9.5M | $7.0M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,771.5 | +0.379% | $259K | $175K | 20x | |
| Aftermath Perps US500USD | +0.0160% | 1h | 7,767.4 | +0.326% | $459 | $21K | 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