A delta-neutral position would go long on Hyperliquid (+5.48%) and short on Pacifica (+10.95%), collecting roughly 5.5% APR before fees, slippage and margin costs.
Funding is shown both as the venue quotes it and annualised, so venues on different settlement intervals line up.
| Venue | Market | Mark | Funding APR | Per hour | Next | Open interest | 24h vol | Max lev |
|---|---|---|---|---|---|---|---|---|
| xyz:SP500 | $7,664 | +5.48% | +0.0006% | 1h | $397.48M 51.9K SP500 | $35.67M | 50× | |
Sampled continuously and bucketed to four hours.
| SP500 |
| $7,664 |
| +10.95% |
| +0.0013% |
| 1h |
| $218K 28.40 SP500 |
| $44.5K |
| 20× |