Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h +0.005%
Price spread now: Pacifica against Kraken Futures−0.018%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.018%, 7d avg +0.015%
=Together, before fees+0.058%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.018% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XBTUSD | 85,290.7 | 0.0026 | pay 0.0003% / 1h | 1m 00s | $186.3M | $953.9M | 100x |
| Short | Pacifica BTC | 85,275.3 | 0.0100 | get 0.0013% / 1h | 1m 00s | $40.0M | $605.4M | 50x |
Kraken Futures PF_XBTUSD
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Kraken Futures. 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
- $15.49
- Price spread: −0.018% → +0.015%
- −$3.34
- Slippage, 4 orders
- −$0.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$6.23
- Costs to cover
- 0.184%
- Break-even
- 9.8 days
Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 7.4 bp −$737 | 9.4 bp −$4,701 |
| Sell Pacifica live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.5 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,266 | −0.029% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | +0.018% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.8 | −0.013% | $421.4M | $684.9M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0003% | 8h | 85,282 | −0.010% | $928.8M | $776.6M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,290.2 | −0.001% | $345K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,294.1 | +0.004% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,278.6 | −0.014% | $502.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0021% | 1h | 85,277.8 | −0.015% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSDlong | +0.0026% | 1h | 85,290.7 | long leg | $186.3M | $953.9M | 100x | |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,267 | −0.028% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0067% | 8h | 85,263.8 | −0.032% | — | $17.5M | — | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 85,279.5 | −0.013% | $5.09B | $10.03B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0091% | 1h | 85,313.9 | +0.027% | $829.7M | $1.67B | 50x | as long as short |
| Nado BTC-PERP | +0.0096% | 1h | 85,250.1 | −0.048% | $24.0M | $219.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,293.5 | +0.003% | $169.4M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,292 | +0.002% | $23.6M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,283 | −0.009% | $8.4M | $57.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,278 | −0.015% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.020% | $138.0M | $312.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,241 | −0.058% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,294.6 | +0.005% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 85,275.3 | −0.018% | $40.0M | $605.4M | 50x | |
| Binance BTCUSDT | +0.0100% | 8h | 85,276.7 | −0.016% | $9.40B | $25.18B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,279.5 | −0.013% | $2.61B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,251 | −0.047% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,276.5 | −0.017% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.041% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,274.3 | −0.019% | $5.46B | $11.19B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,280.9 | −0.012% | $5.03B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,280 | −0.013% | $2.97B | $5.20B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,285.8 | −0.006% | $36.7M | $191.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,262.8 | −0.033% | $155.2M | $549.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.027% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,278.8 | −0.014% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,287 | −0.004% | $30.1M | $215.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,352.9 | +0.073% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,282 | −0.010% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,285.5 | −0.006% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,279.8 | −0.013% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,334.1 | +0.051% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | +0.031% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,249 | −0.049% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,276 | −0.017% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,267.5 | −0.027% | $2.25B | $974.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,293 | +0.003% | $158.8M | $516.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,257.3 | −0.039% | $45.7M | $241.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,266.9 | −0.028% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,334.7 | +0.052% | $111.6M | $5.47B | 50x | as long as short |
| Hyperliquid BTC | +0.0130% | 1h | 85,384 | +0.109% | $3.79B | $5.11B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,278.1 | −0.015% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,290 | −0.001% | $11.9M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,281.5 | −0.011% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,285.7 | −0.006% | $8.9M | $42.9M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0287% | 1h | 85,296.9 | +0.007% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,308.7 | +0.021% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,291.7 | +0.001% | $465K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Bybit BTCUSDT
Deribit BTC-PERPETUAL
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC