Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Bitget against Pacifica+0.067%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$600.605% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.067%, 7d avg +0.035%
=Together, before fees−0.246%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.032% dearer against Pacifica than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.035%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,766.9 | 0.0100 | pay 0.0013% / 1h | 26m 46s | $261K | $177K | 20x |
| Short | Bitget SP500USDT | 7,772.1 | 0 | get 0.0000% / 8h | 6h 26m | $7.2M | $754K | 50x |
Pacifica SP500
Bitget SP500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Pacifica. 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: +0.067% → +0.035%
- $3.18
- Slippage, 4 orders
- −$40.47
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.29
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 41 min ago; Bitget: live order book, 2 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 Pacifica live order book, 41 min ago | 1.87 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.61 bp | 23.9 bp −$24 | 35.1 bp −$351 | 40.6 bp −$4,059 | 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 | 7,664.3 | −1.321% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,764.8 | −0.027% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.2 | −0.009% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDTshort | 0.0000% | 8h | 7,772.1 | +0.067% | $7.2M | $754K | 50x | |
| Variational Omni US500 | 0.0000% | 8h | 7,740.8 | −0.337% | $17.2M | $8.9M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,765.1 | −0.024% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764 | −0.038% | $2.2M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.4 | −0.007% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.2 | −0.383% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.1 | +0.827% | — | $4.3M | 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 | 7,767 | +0.001% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.8 | −0.040% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.2 | −0.022% | $432.5M | $242.0M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.2 | −0.035% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.1 | −0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.5 | −0.006% | $9.5M | $7.3M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,766.9 | long leg | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0344% | 1h | 7,765.4 | −0.020% | $502 | $22K | 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