A delta-neutral position would go long on Hyperliquid (-5.37%) and short on Pacifica (+10.95%), collecting roughly 16.3% 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 | $7,432 | -5.37% | -0.0006% | 1h | $505.76M 68.1K SP500 | $284.39M | 50× | |
Sampled continuously and bucketed to four hours.
| SP500 |
| $7,430 |
| +10.95% |
| +0.0013% |
| 1h |
| $421K 56.70 SP500 |
| $125K |
| 20× |