Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Popdex against Pacifica+0.013%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 4 days (all we have)−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.013%, 7d avg +0.022%
=Together, before fees−0.036%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$2 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 33s | $259K | $175K | 20x |
| Short | Popdex US500USDT | 7,767.5 | 0.0048 | get 0.0006% / 1h | 49m 33s | $624K | $513K | 20x |
Pacifica SP500
Popdex US500USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$10.92
- Price spread: +0.013% → +0.022%
- −$0.8
- Slippage, 4 orders
- −$11.91
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$38.03
- Costs to cover
- 0.263%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 57 min ago; Popdex: live order book, 58 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, 57 min ago | 1.42 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 58 min ago | 0.64 bp | 3.8 bp −$4 | 3.8 bp −$38 | 6.4 bp −$637 | doesn't fit |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0039% | 1h | 7,767 | +0.007% | $10.0M | $3.5M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768 | +0.020% | $135K | $249K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,763.9 | −0.033% | $7.2M | $419K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,745.4 | −0.271% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,770.8 | +0.055% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,763.6 | −0.037% | $2.1M | $28.6M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,767 | +0.007% | $3.3M | $10.0M | 25x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.396% | $7K | $92 | 52x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.1 | −0.378% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,837.4 | +0.913% | — | $4.3M | 50x | as long as short |
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Injective US500/USDC PERP
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDTshort | +0.0048% | 1h | 7,767.5 | +0.013% | $624K | $513K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.2 | −0.030% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,765.4 | −0.014% | $432.9M | $242.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,768.5 | +0.026% | $9.2M | $5.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.7 | −0.023% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.2 | +0.036% | $9.5M | $8.9M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,766.5 | long leg | $259K | $175K | 20x | |
| Aftermath Perps US500USD | +0.0317% | 1h | 7,768.8 | +0.030% | $569 | $28K | 10x | as long as short |
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD