Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Pacifica against GRVT−0.110%112s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now −0.110%, 7d avg +0.019%
=Together, before fees+0.175%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.129% cheaper against GRVT than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BTC_USDT_Perp | 86,665.5 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $217.4M | $182.6M | 50x |
| Short | Pacifica BTC | 86,570 | 0.0100 | get 0.0013% / 1h | 51m 38s | $41.0M | $499.4M | 50x |
GRVT BTC_USDT_Perp
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against GRVT. 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
- $0
- Price spread: −0.110% → +0.019%
- −$12.88
- Slippage, 4 orders
- −$0.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$30.03
- Costs to cover
- 0.171%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Pacifica: 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 GRVT live order book, 3 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 5.9 bp −$595 | 6524.5 bp −$3.26M |
| Sell Pacifica live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | doesn't fit | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0206% | 1h | 86,613.4 | −0.060% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,601 | −0.074% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,531 | −0.155% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0028% | 1h | 86,590.3 | −0.087% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,552.8 | −0.130% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 86,527.7 | −0.159% | $505.2M | $1.16B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,555.1 | −0.127% | $421K | $24.2M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,565.7 | −0.115% | $925.9M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,517.3 | −0.171% | $850.4M | $709.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,558.8 | −0.123% | $36.8M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,539.3 | −0.146% | $8.5M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0008% | 1h | 86,596.7 | −0.079% | $725K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,557.3 | −0.125% | $6.7M | $144.7M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | −0.091% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0028% | 8h | 86,552.4 | −0.131% | $149.7M | $473.4M | 150x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,512.3 | −0.177% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,530.8 | −0.155% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,532.4 | −0.154% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,527.6 | −0.159% | $5.19B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,528.1 | −0.159% | $9.42B | $24.37B | 150x | as long as short |
| SoDEX BTC-USD | +0.0063% | 1h | 86,528 | −0.159% | $60.5M | $336.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0084% | 8h | 86,528.8 | −0.158% | $5.85B | $10.62B | 200x | as long as short |
| Bybit BTCUSDT | +0.0088% | 8h | 86,530.7 | −0.156% | $5.27B | $9.74B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,536.6 | −0.149% | $172.0M | $997.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,552.4 | −0.131% | $24.0M | $151.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,529 | −0.158% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,516 | −0.173% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,564.4 | −0.117% | $4.7M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,545.6 | −0.138% | $21.6M | $234.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,609.2 | −0.065% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 86,570 | −0.110% | $41.0M | $499.4M | 50x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,535.1 | −0.151% | $2.55B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,519 | −0.169% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,613.4 | −0.060% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.159% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,532.5 | −0.154% | $38.2M | $153.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,582.6 | −0.096% | $156.4M | $568.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,579.9 | −0.099% | $279.6M | $942.4M | 100x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0100% | 8h | 86,665.5 | long leg | $217.4M | $182.6M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,648.6 | −0.020% | $141.6M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,577.3 | −0.102% | $30.7M | $202.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,624.6 | −0.047% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,574 | −0.106% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,554.3 | −0.128% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,548.9 | −0.135% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.1 | −0.126% | $140K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,533.8 | −0.152% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,547.8 | −0.136% | $3.4M | $5.5M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,531.1 | −0.155% | $2.30B | $959.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,519 | −0.169% | $46.4M | $225.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,570.5 | −0.110% | — | $99.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,576 | −0.103% | $131.6M | $5.78B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,562.3 | −0.119% | $191.3M | $937.3M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,545.9 | −0.138% | $416.7M | $655.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,555.9 | −0.127% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0187% | 8h | 86,585 | −0.093% | $9.5M | $726.7M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP