Funding you earn now, next payment 06:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h +0.008%
Price spread now: Pacifica against Kalshi+0.009%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.009%, 7d avg +0.027%
=Together, before fees+0.002%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,304 | 0.0183 | pay 0.0183% / 8h | 6h 19m | $11.5M | $743.5M | 6.4x |
| Short | Pacifica BTC | 85,311.6 | 0.0100 | get 0.0013% / 1h | 19m 57s | $40.2M | $599.0M | 50x |
Kalshi KXBTCPERP
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Kalshi. 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
- −$17.53
- Price spread: +0.009% → +0.027%
- −$1.84
- Slippage, 4 orders
- −$1.26
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$38.63
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from Kalshi: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kalshi live order book, 4 min ago | 0.23 bp | 5.5 bp −$5 | 6.8 bp −$68 | 7.4 bp −$740 | 13.0 bp −$6,501 |
| Sell Pacifica live order book, 4 min ago | 0.06 bp | 4.3 bp −$4 | 4.4 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,298.5 | −0.006% | $527K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,134 | −0.199% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,313 | +0.011% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,301.2 | −0.003% | $923.2M | $764.7M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,226.9 | −0.090% | $419.4M | $680.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,304.5 | +0.001% | $354K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,309.9 | +0.007% | $512.6M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,297 | −0.008% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,302.2 | −0.002% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | −0.093% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0036% | 1h | 85,281.6 | −0.026% | $24.8M | $222.4M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,321.4 | +0.020% | $187.6M | $954.1M | 100x | as long as short |
| BingX BTC-USDC | +0.0068% | 8h | 85,299.5 | −0.005% | — | $17.5M | — | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,308.6 | +0.005% | $147.5M | $505.3M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,299.1 | −0.006% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0085% | 8h | 85,316.8 | +0.015% | $2.95B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,322.1 | +0.021% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,323.8 | +0.023% | $9.43B | $24.83B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,317.9 | +0.016% | $171.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,322.6 | +0.022% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,296 | −0.009% | $8.3M | $55.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,340.9 | +0.043% | $116.9M | $5.40B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,268 | −0.042% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,350.5 | +0.054% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,386 | +0.096% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 85,311.6 | +0.009% | $40.2M | $599.0M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,314.3 | +0.012% | $5.14B | $9.94B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,319.3 | +0.018% | $2.58B | $12.20B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,299 | −0.006% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,296.6 | −0.009% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,163.7 | −0.164% | $678.5M | $565.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,316.1 | +0.014% | $5.51B | $11.01B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,306 | +0.002% | $36.3M | $176.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,218.8 | −0.100% | $154.2M | $561.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,112.3 | −0.225% | $279.0M | $947.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,107.4 | −0.231% | $213.8M | $166.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,093.4 | −0.247% | $139.1M | $315.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,277.8 | −0.031% | $30.1M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,350.4 | +0.054% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,290 | −0.016% | $11.0M | $14.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,290.6 | −0.016% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,306.8 | +0.003% | $2.6M | $9.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,348.2 | +0.052% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,279.7 | −0.028% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,283 | −0.025% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,310 | +0.007% | $59.7M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,299 | −0.006% | $2.26B | $942.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,289.5 | −0.017% | $45.1M | $239.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,298.2 | −0.007% | — | $106.9M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 85,348.4 | +0.052% | $866.9M | $1.61B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0116% | 1h | 85,285.8 | −0.021% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,295.1 | −0.010% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERPlong | +0.0183% | 8h | 85,304 | long leg | $11.5M | $743.5M | 6.4x | |
| Aftermath Perps BTCUSD | +0.0225% | 1h | 85,223.3 | −0.095% | $78K | $227K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,232.1 | −0.084% | $688K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,317.8 | +0.016% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC