Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.020%
Price spread now: Pacifica against tradeXYZ+0.009%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.009%, 7d avg +0.007%
=Together, before fees+0.214%+ Points / potential airdroptradeXYZ: Active · Pacifica: 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 | tradeXYZ xyz:SP500 | 7,767.9 | 0.0050 | pay 0.0006% / 1h | 39m 19s | $436.3M | $253.9M | 50x |
| Short | Pacifica SP500 | 7,768.6 | 0.0100 | get 0.0013% / 1h | 39m 19s | $258K | $195K | 20x |
tradeXYZ xyz:SP500
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against tradeXYZ. 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: +0.009% → +0.007%
- $0.14
- Slippage, 4 orders
- −$7.72
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$23.08
- Costs to cover
- 0.337%
- Break-even
- 22.4 days
Slippage from tradeXYZ: live order book, 11 min ago; Pacifica: live order book, 39 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 tradeXYZ live order book, 11 min ago | 0.06 bp | 9.1 bp −$9 | 9.5 bp −$95 | 10.2 bp −$1,024 | doesn't fit |
| Sell Pacifica live order book, 39 min ago | 1.22 bp | 5.5 bp −$6 | 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 | 7,666.6 | −1.304% | $7K | $103 | 52x | as long as short |
| QFEX US500-USD | −0.0038% | 1h | 7,768 | +0.001% | $11.8M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.5 | +0.021% | $153K | $252K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.8 | +0.037% | $7.2M | $790K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.8 | −0.310% | $17.2M | $9.2M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.7 | −0.002% | $12K | $107K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.1 | −0.023% | $2.2M | $28.2M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.7 | +0.011% | $3.2M | $13.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,738.3 | −0.381% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.3 | +0.841% | — | $3.5M | 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 | 7,769.4 | +0.019% | $545K | $440K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.1 | −0.023% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500long | +0.0050% | 1h | 7,767.9 | long leg | $436.3M | $253.9M | 50x | |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.1 | −0.023% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | −0.003% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768 | +0.001% | $9.5M | $6.8M | 25x | as long as short |
| Aftermath Perps US500USD | +0.0063% | 1h | 7,765.9 | −0.026% | $597 | $22K | 10x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,768.6 | +0.009% | $258K | $195K | 20x |
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD