After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.351%7d average+0.295%fees + slippage, in and out−$24spread needed0.236%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Markets by Kinetiq mkts:US500 | 7,722.9 | 0.0046 | pay 0.0006% / 1h | 7m 27s | $1.7M | $7.7M | 25x |
| Short | Pacifica SP500 | 7,750 | 0.0100 | get 0.0013% / 1h | 7m 27s | $273K | $154K | 20x |
Markets by Kinetiq mkts:US500
Pacifica SP500Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $35.13
- Funding while held
- $1.63
- Slippage, 4 orders
- −$14.01
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $13.13
- Spread needed to break even
- 0.236%
Slippage from Markets by Kinetiq: live order book, just now; Pacifica: live order book, 37 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.63
- Average in range /8h
- —
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 Markets by Kinetiq live order book, just now | 0.06 bp | 1.9 bp −$2 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 37 min ago | 0.06 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
SP500 price on every exchange
against the cheapest. Click to use as the short leg.Injective6,948.3cheapest
InjectiveMarkets by Kinetiq7,722.9+11.148%
Variational Omni7,727.4+11.213%Bitget7,743.3+11.442%Ondo Perps7,748.9+11.522%Lighter7,749.2+11.527%SoDEX7,749.3+11.528%Paradex7,749.6+11.532%Bullet7,749.9+11.537%
Variational Omni
Bitget
Ondo Perps
Lighter
SoDEX
Paradex
BulletPacifica7,750+11.539%
tradeXYZ7,750.6+11.547%Polymarket Perps7,750.6+11.547%Aftermath Perps7,750.6+11.547%Popdex7,750.8+11.550%QFEX7,751.1+11.554%Extended7,752.4+11.573%OKX7,753.1+11.583%Vest7,816.1+12.490%
tradeXYZ
Polymarket Perps
Popdex
QFEX
Extended
OKX
VestSP500 on 18 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −10.030% | −0.0220% | 1h | $6K | $125K | 52x | as long as short |
| Markets by Kinetiq mkts:US500long | 0.000% | +0.0046% | 1h | $1.7M | $7.7M | 25x | |
| Variational Omni US500 | +0.058% | +0.0096% | 8h | $17.5M | $11.6M | — | as long as short |
| Bitget SP500USDT | +0.264% | 0.0000% | 8h | $7.2M | $748K | 50x | as long as short |
| Ondo Perps US500-USD.P | +0.337% | +0.0050% | 1h | $9.6M | $6.1M | 25x | as long as short |
| Lighter US500 | +0.341% | +0.0032% | 1h | $3.1M | $22.4M | 50x | as long as short |
| SoDEX US500-USD | +0.342% | +0.0050% | 1h | $1.1M | $86K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.345% | +0.0050% | 8h | $42K | — | 5x | as long as short |
| Bullet US500-USD | +0.350% | 0.0000% | 1h | $14K | $109K | 10x | as long as short |
| Pacifica SP500short | +0.351% | +0.0100% | 1h | $273K | $154K | 20x |
Show all 18 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SP500 | +0.359% | +0.0050% | 1h | $432.9M | $233.8M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.359% | +0.0050% | 1h | $7.6M | $1.7M | 50x | as long as short |
| Aftermath Perps US500USD | +0.359% | +0.0331% | 1h | $488 | $14K | 10x | as long as short |
| Popdex US500USDT | +0.361% | +0.0048% | 1h | $547K | $210K | 20x | as long as short |
| QFEX US500-USD | +0.365% | +0.0006% | 1h | $11.7M | $2.9M | 30x | as long as short |
| Extended SPX500m-USD | +0.382% | +0.0032% | 1h | $3.4M | $13.3M | 25x | as long as short |
| OKX US500-USDT-SWAP | +0.391% | 0.0000% | 8h | $151K | $293K | 20x | as long as short |
| Vest SPX-USD-PERP | +1.207% | +0.0046% | 1h | — | $3.5M | 50x | as long as short |