Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Pacifica against OKX−0.131%49s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.131%, 7d avg −0.065%
=Together, before fees−0.386%+ Points / potential airdropPacifica: Active · farm board−$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.066% cheaper against OKX than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.065%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.364%, so the current rate has only just turned in your favour. The two prices were read 49 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 | OKX US500-USDT-SWAP | 7,762.6 | 0 | get 0.0000% / 8h | 7h 44m | $141K | $228K | 20x |
| Short | Pacifica SP500 | 7,752.5 | 0.0100 | get 0.0013% / 1h | 44m 50s | $258K | $173K | 20x |
OKX US500-USDT-SWAP
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against OKX. 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: −0.131% → −0.065%
- −$6.58
- Slippage, 4 orders
- −$24.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$27.87
- Costs to cover
- 0.423%
- Break-even
- 16.3 days
Slippage from OKX: live order book, 50 min ago; Pacifica: live order book, 53 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 OKX live order book, 50 min ago | 1.16 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 53 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 | −1.279% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,752.5 | −0.130% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,762.6 | long leg | $141K | $228K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,755.8 | −0.088% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,730.8 | −0.410% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,752.1 | −0.135% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0015% | 1h | 7,751.8 | −0.139% | $430.6M | $235.1M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,751.6 | −0.142% | $2.0M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,754.6 | −0.103% | $3.3M | $11.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,725.3 | −0.481% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Extended SPX500m-USD
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 | 7,820.1 | +0.741% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,755.7 | −0.089% | $624K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,751.8 | −0.138% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,754.2 | −0.108% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,751.7 | −0.140% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,753.5 | −0.117% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,752.5 | −0.131% | $258K | $173K | 20x | |
| Aftermath Perps US500USD | +0.0330% | 1h | 7,754 | −0.111% | $527 | $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