Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.022%
Price spread now: Polymarket Perps against Pacifica+0.003%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.003%, 7d avg −0.021%
=Together, before fees−0.209%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.024% dearer against Pacifica than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.021%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,762 | 0.0100 | pay 0.0013% / 1h | 21m 55s | $258K | $196K | 20x |
| Short | Polymarket Perps SP500-USD | 7,762.2 | 0.0050 | get 0.0006% / 1h | 21m 55s | $7.6M | $1.5M | 50x |
Pacifica SP500
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$10.5
- Price spread: +0.003% → −0.021%
- $2.38
- Slippage, 4 orders
- −$12.22
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$36.34
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 1 min ago; Polymarket Perps: live order book, 7 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, 1 min ago | 1.55 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 7 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.5 bp −$548 | 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 | 7,660.6 | −1.306% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0028% | 1h | 7,763.5 | +0.020% | $11.7M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,761.6 | −0.005% | $152K | $300K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,766.4 | +0.057% | $7.2M | $801K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,737.2 | −0.319% | $17.5M | $10.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,763.9 | +0.025% | $13K | $108K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,761.4 | −0.007% | $2.5M | $28.0M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,761.5 | −0.006% | $3.2M | $15.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,735.5 | −0.341% | $1.6M | $7.6M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,828.3 | +0.854% | — | $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
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 | 7,764.8 | +0.037% | $428K | $323K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.4 | +0.006% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,763.9 | +0.025% | $434.2M | $276.4M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,762.2 | +0.003% | $7.6M | $1.5M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,760.1 | −0.024% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,761 | −0.013% | $9.5M | $6.4M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,762 | long leg | $258K | $196K | 20x | |
| Aftermath Perps US500USD | +0.0310% | 1h | 7,759.8 | −0.028% | $525 | $20K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD