Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.018%
Price spread now: tradeXYZ against Pacifica−0.002%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.002%, 7d avg −0.007%
=Together, before fees−0.208%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, 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 | 7,766.9 | 0.0100 | pay 0.0013% / 1h | 27m 16s | $261K | $177K | 20x |
| Short | tradeXYZ xyz:SP500 | 7,766.7 | 0.0050 | get 0.0006% / 1h | 27m 16s | $431.6M | $241.3M | 50x |
Pacifica SP500
tradeXYZ xyz:SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.002% → −0.007%
- $0.49
- Slippage, 4 orders
- −$10.29
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$46.3
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 36 min ago; tradeXYZ: live order book, 12 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, 36 min ago | 1.22 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 0.06 bp | 9.1 bp −$9 | 9.1 bp −$91 | 10.1 bp −$1,010 | 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 | 7,666.5 | −1.292% | $7K | $106 | 52x | as long as short |
| QFEX US500-USD | −0.0036% | 1h | 7,767.4 | +0.007% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768.6 | +0.022% | $152K | $218K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.8 | +0.050% | $7.2M | $763K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.3 | −0.304% | $17.5M | $9.1M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,766.6 | −0.004% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,764.8 | −0.027% | $2.2M | $28.3M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,766.7 | −0.002% | $3.2M | $15.5M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.7 | −0.363% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.8 | +0.835% | — | $4.3M | 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 | 7,767.9 | +0.013% | $583K | $486K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,764.1 | −0.036% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500short | +0.0050% | 1h | 7,766.7 | −0.002% | $431.6M | $241.3M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,764.7 | −0.028% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,766.1 | −0.010% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.5 | +0.020% | $9.5M | $7.4M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,766.9 | long leg | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0277% | 1h | 7,764.9 | −0.026% | $529 | $23K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD