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: Markets by Kinetiq against Pacifica−0.385%7-day average −0.302% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as 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)+0.052%+$5 · spread now −0.385%, 7d avg −0.302%
=Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Markets by Kinetiq is 0.083% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.302%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,771.7 | 0.0100 | pay 0.0013% / 1h | 48m 01s | $259K | $175K | 20x |
| Short | Markets by Kinetiq mkts:US500 | 7,741.8 | 0.0046 | get 0.0006% / 1h | 48m 01s | $1.6M | $7.1M | 25x |
Pacifica SP500
Markets by Kinetiq mkts:US500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- −$11.41
- Price spread: −0.385% → −0.302%
- −$8.25
- Slippage, 4 orders
- −$11.05
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- −$40.34
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 25 min ago; Markets by Kinetiq: live order book, 8 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, 25 min ago | 2.38 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Markets by Kinetiq live order book, 8 min ago | 0.06 bp | 0.9 bp −$1 | 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 | −1.335% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0045% | 1h | 7,772.7 | +0.013% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.9 | −0.023% | $152K | $248K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.3 | +0.008% | $7.2M | $789K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.2 | −0.340% | $17.2M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,771.9 | +0.002% | $12K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,769.7 | −0.026% | $2.1M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,772.4 | +0.009% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500short | +0.0046% | 1h | 7,741.8 | −0.385% | $1.6M | $7.1M | 25x | |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,837 | +0.840% | — | $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 | 7,772.5 | +0.011% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.6 | −0.026% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,771.6 | −0.001% | $436.5M | $246.5M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.8 | −0.024% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771.5 | −0.002% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.6 | −0.001% | $9.5M | $7.0M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,771.7 | long leg | $259K | $175K | 20x | |
| Aftermath Perps US500USD | +0.0161% | 1h | 7,767.2 | −0.058% | $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