Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Pacifica against Bullet+0.018%7-day average +0.002% · 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−$30as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 3 days (all we have)+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.018%, 7d avg +0.002%
=Together, before fees+0.041%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet US500-USD | 7,764.7 | 0 | get 0.0000% / 1h | 38m 14s | $12K | $108K | 10x |
| Short | Pacifica SP500 | 7,766.1 | 0.0100 | get 0.0013% / 1h | 38m 14s | $261K | $178K | 20x |
Bullet US500-USD
Pacifica SP500Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bullet. 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
- $21
- Price spread: +0.018% → +0.002%
- $1.67
- Slippage, 4 orders
- −$15.63
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$8.96
- Costs to cover
- 0.316%
- Break-even
- 10.0 days
Slippage from Bullet: live order book, 31 min ago; Pacifica: live order book, 30 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 Bullet live order book, 31 min ago | 0.51 bp | 6.2 bp −$6 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 30 min ago | 1.87 bp | 10.0 bp −$10 | 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 | 7,667.2 | −1.255% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0031% | 1h | 7,764.6 | −0.001% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.2 | +0.020% | $152K | $234K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,772.4 | +0.100% | $7.2M | $754K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.6 | −0.311% | $17.2M | $8.8M | — | as long as short |
| Bullet US500-USDlong | 0.0000% | 1h | 7,764.7 | long leg | $12K | $108K | 10x | |
| Lighter US500 | +0.0032% | 1h | 7,763.5 | −0.015% | $2.2M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.7 | +0.013% | $3.2M | $15.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,737.1 | −0.355% | $1.6M | $7.0M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,830.3 | +0.845% | — | $4.1M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
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 | 7,766.2 | +0.020% | $545K | $439K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,762.8 | −0.024% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,764.6 | −0.001% | $433.1M | $240.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,763.2 | −0.019% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,764.5 | −0.002% | $1.1M | $85K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,765.4 | +0.009% | $9.5M | $7.2M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,766.1 | +0.018% | $261K | $178K | 20x | |
| Aftermath Perps US500USD | +0.0315% | 1h | 7,766 | +0.018% | $564 | $22K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD