Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.026%
Price spread now: Extended against Pacifica+0.011%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.011%, 7d avg −0.049%
=Together, before fees−0.245%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.061% dearer against Pacifica than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.049%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SP500 | 7,770.8 | 0.0100 | pay 0.0013% / 1h | 1m 30s | $261K | $177K | 20x |
| Short | Extended SPX500m-USD | 7,771.6 | 0.0032 | get 0.0004% / 1h | 1m 30s | $3.2M | $14.7M | 25x |
Pacifica SP500
Extended SPX500m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$14.28
- Price spread: +0.011% → −0.049%
- $6.06
- Slippage, 4 orders
- −$12.73
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$33.95
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 47 min ago; Extended: live order book, 3 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, 47 min ago | 1.16 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.71 bp | 3.2 bp −$3 | 6.6 bp −$66 | 21.2 bp −$2,117 | 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 | 7,665.8 | −1.351% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,771.5 | +0.010% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.7 | −0.014% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770 | −0.010% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,744.2 | −0.342% | $17.5M | $9.6M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,770.5 | −0.003% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,769.4 | −0.017% | $2.0M | $28.8M | 50x | as long as short |
| Extended SPX500m-USDshort | +0.0032% | 1h | 7,771.6 | +0.011% | $3.2M | $14.7M | 25x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,740.5 | −0.389% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,836.9 | +0.851% | — | $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
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 | 7,772.8 | +0.026% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.3 | −0.019% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,771 | +0.003% | $431.9M | $234.3M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769 | −0.023% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,770.9 | +0.002% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,771.3 | +0.007% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500long | +0.0100% | 1h | 7,770.8 | long leg | $261K | $177K | 20x | |
| Aftermath Perps US500USD | +0.0218% | 1h | 7,768.1 | −0.034% | $545 | $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