Settings8H · net · $10k
Funding arb · Price arb /

SP500

RWAall SP500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.096%
Price spread now: Pacifica against Injective+1.326%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.311%+$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 1.326% dearer against Injective than usual: you sell high and buy low: +$133 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective US500/USDC PERP7,666.6−0.0220get 0.0028% / 1h36m 46s$7K$10752x
ShortPacifica SP5007,768.30.0100get 0.0013% / 1h36m 46s$259K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$67.2
Price spread: +1.326% → 0.000%
$132.59
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$191.77
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Pacifica live order book, 1 min ago2.51 bp13.7 bp −$14doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SP500 on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective US500/USDC PERPlong−0.0220%1h7,666.6long leg$7K$10752x
QFEX US500-USD−0.0043%1h7,766.8+1.307%$11.9M$2.2M30xas long as short
OKX US500-USDT-SWAP0.0000%8h7,766.4+1.302%$141K$230K20xas long as short
Bitget SP500USDT0.0000%8h7,768.1+1.324%$7.2M$767K50xas long as short
Variational Omni US5000.0000%8h7,742.5+0.991%$17.5M$8.9Mas long as short
Bullet US500-USD0.0000%1h7,766.4+1.302%$12K$105K10xas long as short
Lighter US500+0.0032%1h7,765.8+1.294%$1.9M$28.1M50xas long as short
Extended SPX500m-USD+0.0032%1h7,768.6+1.331%$3.2M$12.7M25xas long as short
Markets by Kinetiq mkts:US500+0.0046%1h7,738.9+0.943%$1.6M$7.4M25xas long as short
Vest SPX-USD-PERP+0.0046%1h7,833.9+2.182%$4.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex US500USDT+0.0048%1h7,767.9+1.321%$625K$529K20xas long as short
Paradex US500-USD-PERP+0.0050%8h7,766.4+1.302%$43K5xas long as short
tradeXYZ xyz:SP500+0.0050%1h7,766.7+1.306%$436.7M$233.5M50xas long as short
Polymarket Perps SP500-USD+0.0050%1h7,765.8+1.294%$9.0M$2.3M50xas long as short
SoDEX US500-USD+0.0050%1h7,766.7+1.306%$1.3M$149K20xas long as short
Ondo Perps US500-USD.P+0.0050%1h7,767.5+1.316%$9.5M$8.2M25xas long as short
Pacifica SP500short+0.0100%1h7,768.3+1.326%$259K$168K20x
Aftermath Perps US500USD+0.0330%1h7,767.3+1.313%$509$29K10xas long as short