Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.016%
Price spread now: Polymarket Perps against Pacifica−0.043%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.043%, 7d avg −0.021%
=Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.022% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,762 | 0.0100 | pay 0.0013% / 1h | 4m 24s | $259K | $168K | 20x |
| Short | Polymarket Perps SP500-USD | 7,758.7 | 0.0050 | get 0.0006% / 1h | 4m 24s | $9.0M | $2.3M | 50x |
Pacifica SP500
Polymarket Perps SP500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.043% → −0.021%
- −$2.15
- Slippage, 4 orders
- −$12.62
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$41.27
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 34 min ago; Polymarket Perps: live order book, 5 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, 34 min ago | 2.51 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.2 bp −$42 | 5.0 bp −$500 | 10.3 bp −$5,139 |
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 | −1.272% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,761 | −0.013% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.4 | +0.057% | $141K | $229K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,763.5 | +0.019% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,737.1 | −0.321% | $17.5M | $8.4M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,759.3 | −0.035% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,758.3 | −0.048% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,761.3 | −0.009% | $3.2M | $12.0M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,733.2 | −0.371% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,827 | +0.837% | — | $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 | 7,762.3 | +0.004% | $624K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,759 | −0.039% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,759.3 | −0.035% | $435.9M | $233.3M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,758.7 | −0.043% | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,758.8 | −0.041% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,760.8 | −0.016% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,762 | long leg | $259K | $168K | 20x | |
| Aftermath Perps US500USD | +0.0339% | 1h | 7,759 | −0.039% | $480 | $29K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD