Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: SoDEX against Pacifica−0.003%7-day average −0.009% · 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−$55as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 4 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.003%, 7d avg −0.009%
=Together, before fees−0.012%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, 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 | Pacifica SP500 | 7,768.7 | 0.0100 | pay 0.0013% / 1h | 26m 30s | $259K | $175K | 20x |
| Short | SoDEX US500-USD | 7,768.5 | 0.0050 | get 0.0006% / 1h | 26m 30s | $1.4M | $191K | 20x |
Pacifica SP500
SoDEX US500-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.003% → −0.009%
- $0.69
- Slippage, 4 orders
- −$39.39
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$65.2
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 20 min ago; SoDEX: live order book, just now.
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, 20 min ago | 1.42 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, just now | 0.06 bp | 18.4 bp −$18 | 48.0 bp −$480 | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | 7,658 | −1.425% | $7K | $97 | 52x | as long as short |
| QFEX US500-USD | −0.0051% | 1h | 7,770.4 | +0.022% | $9.9M | $3.4M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.1 | +0.005% | $129K | $241K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,764.2 | −0.058% | $7.2M | $518K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,743.2 | −0.328% | $17.6M | $6.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,769.4 | +0.009% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.8 | −0.024% | $2.2M | $29.1M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.8 | +0.015% | $3.3M | $10.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,740.6 | −0.362% | $1.4M | $8.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.3 | +0.870% | — | $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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,771.5 | +0.036% | $625K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.6 | −0.015% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,769.3 | +0.008% | $428.6M | $239.9M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.6 | −0.027% | $9.2M | $5.4M | 50x | as long as short |
| SoDEX US500-USDshort | +0.0050% | 1h | 7,768.5 | −0.003% | $1.4M | $191K | 20x | |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.9 | +0.003% | $9.5M | $8.7M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,768.7 | long leg | $259K | $175K | 20x | |
| Aftermath Perps US500USD | +0.0361% | 1h | 7,769.5 | +0.010% | $447 | $28K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
Ondo Perps US500-USD.P
Aftermath Perps US500USD