Funding you earn now, next payment 09:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.033%
Price spread now: Pacifica against QFEX+0.009%7-day average +0.008% · 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−$35as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 4 days (all we have)+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.009%, 7d avg +0.008%
=Together, before fees+0.145%+ Points / potential airdropPacifica: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US500-USD | 7,752.5 | −0.0042 | get 0.0005% / 1h | 46m 17s | $9.9M | $3.1M | 30x |
| Short | Pacifica SP500 | 7,753.2 | 0.0100 | get 0.0013% / 1h | 46m 17s | $258K | $173K | 20x |
QFEX US500-USD
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against QFEX. 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
- $29.84
- Price spread: +0.009% → +0.008%
- $0.11
- Slippage, 4 orders
- −$16.99
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$5.04
- Costs to cover
- 0.350%
- Break-even
- 8.2 days
Slippage from QFEX: live order book, 8 min ago; Pacifica: live order book, 52 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 QFEX live order book, 8 min ago | 1.48 bp | 6.5 bp −$6 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 52 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 | −1.151% | $7K | $104 | 52x | as long as short |
| QFEX US500-USDlong | −0.0042% | 1h | 7,752.5 | long leg | $9.9M | $3.1M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762.6 | +0.130% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,755.7 | +0.041% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,731.8 | −0.267% | $17.5M | $8.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,752.3 | −0.003% | $13K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0016% | 1h | 7,752.7 | +0.003% | $431.7M | $234.5M | 50x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,752.3 | −0.003% | $2.0M | $28.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,754.9 | +0.030% | $3.3M | $11.8M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,725.8 | −0.344% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
tradeXYZ xyz:SP500
Lighter US500
Extended SPX500m-USD
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 | 7,821 | +0.884% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,754.6 | +0.027% | $623K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,752.6 | +0.001% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,754.9 | +0.031% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,752.6 | +0.001% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,754.2 | +0.022% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,753.2 | +0.009% | $258K | $173K | 20x | |
| Aftermath Perps US500USD | +0.0328% | 1h | 7,754 | +0.019% | $527 | $29K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD