Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%
Price spread now: Bullet against Pacifica−0.010%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 3 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.010%, 7d avg −0.002%
=Together, before fees−0.079%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,766.5 | 0.0100 | pay 0.0013% / 1h | 49m 47s | $261K | $177K | 20x |
| Short | Bullet US500-USD | 7,765.7 | 0 | get 0.0000% / 1h | 49m 47s | $13K | $105K | 10x |
Pacifica SP500
Bullet US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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: −0.010% → −0.002%
- −$0.84
- Slippage, 4 orders
- −$15.74
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$53.58
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; Bullet: live order book, 4 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, 3 min ago | 1.16 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bullet live order book, 4 min ago | 0.50 bp | 6.3 bp −$6 | 20.6 bp −$206 | 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 | 7,664.2 | −1.317% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0030% | 1h | 7,764.7 | −0.023% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,765.8 | −0.008% | $151K | $221K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,768.9 | +0.031% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.2 | −0.338% | $17.5M | $9.5M | — | as long as short |
| Bullet US500-USDshort | 0.0000% | 1h | 7,765.7 | −0.010% | $13K | $105K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,763.8 | −0.034% | $2.1M | $28.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.9 | −0.007% | $3.2M | $15.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.9 | −0.381% | $1.6M | $6.9M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.3 | +0.834% | — | $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 | 7,767.4 | +0.012% | $584K | $487K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | −0.037% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.2 | −0.016% | $431.5M | $237.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.2 | −0.029% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,765.3 | −0.015% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,766.3 | −0.002% | $9.5M | $7.7M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,766.5 | long leg | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0260% | 1h | 7,764.9 | −0.020% | $579 | $25K | 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