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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.010%
Price spread now: Pacifica against Binance+0.038%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Long on BinanceShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.038%, 7d avg +0.021%
Together, before fees+0.016%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTCUSDT86,455.40.0074pay 0.0074% / 8h10m 18s$9.44B$24.55B150x
ShortPacifica BTC86,488.10.0100get 0.0013% / 1h10m 18s$41.1M$535.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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
$5.55
Price spread: +0.038% → +0.021%
$1.64
Slippage, 4 orders
−$0.16
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.97
Costs to cover
0.182%
Break-even
20.8 days
Slippage from Binance: live order book, 4 min ago; Pacifica: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$506.1 bp −$6077.5 bp −$3,732
Sell Pacifica live order book, 4 min ago0.06 bp4.1 bp −$44.2 bp −$42doesn't fitdoesn't fit

BTC on 56 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
Phoenix BTC−0.0118%1h86,462+0.008%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,422−0.039%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.128%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,478.5+0.027%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,481+0.030%$358K$2.4M50xas long as short
Perpl BTC0.0000%43m86,439.1−0.019%$413K$22.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,466.8+0.013%$36.8M—200xas long as short
Aster BTCUSDT+0.0008%8h86,450−0.006%$501.4M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0021%8h86,467.7+0.014%$833.9M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0036%1h86,446.9−0.010%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0043%8h86,453.5−0.002%—$1.59B—as long as short
Bitget BTCUSDT+0.0055%8h86,448.9−0.008%$2.96B$5.13B150xas long as short
Phemex BTCUSDT+0.0055%8h86,447.4−0.009%$150.8M$478.6M150xas long as short
dYdX BTC-USD+0.0063%1h86,456.7+0.002%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,436.7−0.022%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0073%8h86,452.9−0.003%$5.16B$5.69B500xas long as short
Binance BTCUSDTlong+0.0074%8h86,455.4long leg$9.44B$24.55B150x
Gate BTC_USDT+0.0082%8h86,451.8−0.004%$5.85B$10.81B200xas long as short
Lighter BTC+0.0096%1h86,457.9+0.003%$170.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,462.8+0.009%$23.9M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,473+0.020%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,462.5+0.008%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,445−0.012%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,499.4+0.051%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,444.8−0.012%$21.8M$234.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,530+0.086%$3.79B$5.11B40xas long as short
Pacifica BTCshort+0.0100%1h86,488.1+0.038%$41.1M$535.5M50x
OKX BTC-USDT-SWAP+0.0100%8h86,456.1+0.001%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,459+0.004%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,502.6+0.055%$7.3M$95.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,449−0.007%$572.1M$12.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,412.4−0.050%$37.9M$156.9M75xas long as short
Variational Omni BTC+0.0100%8h86,407.7−0.055%$157.0M$567.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,408.7−0.054%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,427−0.033%$217.0M$172.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,423.1−0.037%$141.3M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,460.1+0.005%$30.7M$206.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,501.8+0.054%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,462+0.008%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,454.4−0.001%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,448.5−0.008%$2.5M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,483.1+0.032%$141K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,480.4+0.029%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,462.8+0.009%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,446−0.011%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,458.8+0.004%$2.29B$968.2M200xas long as short
Extended BTC-USD+0.0104%1h86,428.9−0.031%$45.7M$227.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,458.3+0.003%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,474.3+0.022%$192.9M$953.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,480.4+0.029%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0158%1h86,472.6+0.020%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,470.6+0.018%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,439.9−0.018%$415.1M$658.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0223%1h86,459+0.004%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0207%8h86,476+0.024%$10.0M$751.4M6.4xas long as short
Deribit BTC-PERPETUAL+0.0350%1h86,507+0.060%$913.2M$1.49B50xas long as short