Funding you earn now, next payment 07:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.031%
Price spread now: Pacifica against QFEX−0.002%7-day average +0.008% · 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−$35as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 4 days (all we have)+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.002%, 7d avg +0.008%
=Together, before fees+0.158%+ Points / potential airdropPacifica: Active · farm board+$16 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 | 7,768.4 | −0.0039 | get 0.0005% / 1h | 41m 09s | $11.9M | $2.2M | 30x |
| Short | Pacifica SP500 | 7,768.3 | 0.0100 | get 0.0013% / 1h | 41m 09s | $261K | $177K | 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
- $29.11
- Price spread: −0.002% → +0.008%
- −$0.95
- Slippage, 4 orders
- −$16.43
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$6.26
- Costs to cover
- 0.344%
- Break-even
- 8.5 days
Slippage from QFEX: live order book, 8 min ago; Pacifica: live order book, 2 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 | 1.61 bp | 7.8 bp −$8 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 2 min ago | 0.71 bp | 10.1 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 | 7,667.4 | −1.300% | $7K | $105 | 52x | as long as short |
| QFEX US500-USDlong | −0.0039% | 1h | 7,768.4 | long leg | $11.9M | $2.2M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,768 | −0.005% | $141K | $232K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.6 | +0.015% | $7.2M | $775K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,742.4 | −0.335% | $17.4M | $9.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,767.9 | −0.006% | $13K | $105K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,766.9 | −0.019% | $2.0M | $28.5M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,769.3 | +0.012% | $3.2M | $14.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.4 | −0.373% | $1.6M | $7.3M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,834.6 | +0.853% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
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 | 7,769.5 | +0.014% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,767.1 | −0.017% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,768 | −0.005% | $430.8M | $235.4M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766.4 | −0.026% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,768 | −0.005% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,769.8 | +0.018% | $9.5M | $8.0M | 25x | as long as short |
| Pacifica SP500short | +0.0100% | 1h | 7,768.3 | −0.002% | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0271% | 1h | 7,768.4 | 0.000% | $517 | $27K | 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