Funding you earn now, next payment 09:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%
Price spread now: Pacifica against Popdex−0.045%54s7-day average −0.022% · 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—prices read too far apart to compare
costs, in and out, $10k−$280.278% of the position
Funding, last 4 days (all we have)+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.045%, 7d avg −0.022%
=Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.023% cheaper against Popdex than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.022%). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex US500USDT | 7,753.2 | 0.0048 | pay 0.0006% / 1h | 38m 39s | $623K | $527K | 20x |
| Short | Pacifica SP500 | 7,749.7 | 0.0100 | get 0.0013% / 1h | 38m 39s | $258K | $173K | 20x |
Popdex US500USDT
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Popdex. 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: −0.045% → −0.022%
- −$2.31
- Slippage, 4 orders
- −$13.38
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$19.17
- Costs to cover
- 0.278%
- Break-even
- 19.3 days
Slippage from Popdex: live order book, 60 min ago; Pacifica: live order book, 59 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 Popdex live order book, 60 min ago | 0.51 bp | 3.7 bp −$4 | 3.9 bp −$39 | 7.4 bp −$743 | doesn't fit |
| Sell Pacifica live order book, 59 min ago | 2.51 bp | 13.7 bp −$14 | 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 | 7,663.3 | −1.160% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,749.2 | −0.052% | $9.9M | $3.1M | 30x | as long as short |
| Extended SPX500m-USD | −0.0008% | 1h | 7,750.3 | −0.038% | $3.3M | $11.4M | 25x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,754.4 | +0.015% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,752.2 | −0.013% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,725.4 | −0.359% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,748.9 | −0.056% | $14K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0008% | 1h | 7,747.1 | −0.079% | $428.6M | $236.6M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,747.5 | −0.074% | $2.0M | $28.1M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,720.3 | −0.424% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,817.3 | +0.826% | — | $4.3M | 50x | as long as short |
| Popdex US500USDTlong | +0.0048% | 1h | 7,753.2 | long leg | $623K | $527K | 20x | |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,746.8 | −0.083% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,751.7 | −0.019% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,748.4 | −0.062% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,749.1 | −0.053% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,749.7 | −0.045% | $258K | $173K | 20x | |
| Aftermath Perps US500USD | +0.0334% | 1h | 7,749.1 | −0.053% | $446 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD