Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Jupiter Perps−0.058%7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.058%, 7d avg +0.021%
Together, before fees+0.085%+ Points / potential airdropPacifica: Active · farm board+$9 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 0.079% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP86,324.9L +0.0104% / S +0.0048%pay 0.0013% / 1h19m 16s$98.4M500x
ShortPacifica BTC86,274.90.0100get 0.0013% / 1h19m 16s$40.6M$558.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Jupiter Perps. 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
−$0.84
Price spread: −0.058% → +0.021%
−$7.86
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$28.7
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Pacifica: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Jupiter Perps no order-book sample
Sell Pacifica live order book, 5 min ago0.06 bp4.1 bp −$44.7 bp −$47doesn't fitdoesn't fit
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0129%1h86,359+0.040%$2.2M$11.2M40xas long as short
Bluefin BTC-PERP−0.0120%1h86,242.4−0.096%$144K$666K40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,268−0.066%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,263.8−0.071%$363K$2.4M50xas long as short
Perpl BTC0.0000%43m86,264.1−0.070%$480K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,277.5−0.055%$36.9M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.038%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0023%1h86,292.5−0.037%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0030%8h86,253.5−0.083%$500.2M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0042%8h86,269.6−0.064%$830.8M$717.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0047%1h86,268−0.066%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0050%8h86,253.4−0.083%$15.3Mas long as short
RISEx BTC/USDC+0.0052%1h86,265.6−0.069%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0064%8h86,169.1−0.180%$2.97B$5.04B150xas long as short
SoDEX BTC-USD+0.0077%1h86,158−0.193%$60.3M$338.2M40xas long as short
Aevo BTC-PERP+0.0080%1h86,212.5−0.130%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0083%8h86,271.1−0.062%$5.13B$5.73B500xas long as short
Binance BTCUSDT+0.0083%8h86,158−0.193%$9.39B$24.29B150xas long as short
Deribit BTC-PERPETUAL+0.0090%1h86,206.6−0.137%$902.2M$1.51B50xas long as short
Gate BTC_USDT+0.0092%8h86,267−0.067%$5.77B$10.57B200xas long as short
Lighter BTC+0.0096%1h86,167.7−0.182%$170.1M$989.0M50xas long as short
Lighter RH BTC+0.0096%1h86,188.7−0.158%$23.6M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,260−0.075%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,226−0.115%$197K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,263.7−0.071%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,260.1−0.075%$22.0M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,336.7+0.014%$3.79B$4.97B40xas long as short
Pacifica BTCshort+0.0100%1h86,274.9−0.058%$40.6M$558.6M50x
Bybit BTCUSDT+0.0100%8h86,164.5−0.186%$5.25B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,171−0.178%$2.56B$12.45B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,240−0.098%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,277.4−0.055%$7.2M$94.9M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,289.7−0.041%$37.4M$159.0M75xas long as short
Variational Omni BTC+0.0100%8h86,271.9−0.061%$157.9M$558.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,274.4−0.058%$278.7M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,277−0.055%$216.6M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,283.5−0.048%$141.3M$321.0M100xas long as short
StandX BTC-USD+0.0100%1h86,268.7−0.065%$30.6M$208.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,309.7−0.018%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,271−0.062%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,268.7−0.065%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,211.9−0.131%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,209.6−0.134%$30.3M$56.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,225.7−0.115%$3.3M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,139.7−0.215%$2.29B$960.1M200xas long as short
Phemex BTCUSDT+0.0100%8h86,161.1−0.190%$154.9M$473.2M150xas long as short
Bulk BTC-USD+0.0100%1h86,411.1+0.100%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,140.4−0.214%$46.1M$222.4M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h86,324.9long leg$98.4M500x
Coinbase International BTC-PERP-INTX+0.0120%1h86,206.5−0.137%$132.5M$5.33B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,189.8−0.156%$191.9M$945.4M100xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,323−0.002%$714K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0169%1h86,364.3+0.046%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,139.1−0.215%$415.1M$640.9M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,253−0.083%$10.4M$765.6M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0221%1h86,278.5−0.054%$14.5M200xas long as short