Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%

Price spread now: Pacifica against MEXC+0.070%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$120.122% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.070%, 7d avg +0.023%

Together, before fees−0.021%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.047% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,563.7	0.0050	pay 0.0050% / 8h	2h 36m	$5.18B	$5.66B	500x
Short	Pacifica BTC	86,624.1	0.0100	get 0.0013% / 1h	36m 14s	$41.3M	$490.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee PacificabpOrdersPrice spread, now +0.070%Rate

Funding earned: $10.5
Price spread: +0.070% → +0.023%: $4.73
Slippage, 4 orders: −$0.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.05
Costs to cover: 0.122%
Break-even: 5.0 days

Slippage from MEXC: 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 MEXC live order book, 3 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$204	2.5 bp −$1,235
Sell Pacifica live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.7 bp −$47	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	−0.0225%	1h	86,599.3	+0.041%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,625.6	+0.072%	$428K	$25.0M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,539	−0.029%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0091%	1h	86,632.9	+0.080%	$17.6M	$20.5M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,514	−0.057%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,611	+0.055%	$361K	$2.4M	50x	as long as short
KuCoin XBTUSDTM	0.0000%	8h	86,595.1	+0.036%	$844.2M	$706.4M	125x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,584.4	+0.024%	$935.8M	$1.43B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,577	+0.015%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0010%	8h	86,571.6	+0.009%	$505.5M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,577.1	+0.015%	$6.7M	$144.3M	40x	as long as short
BingX BTC-USDT	+0.0022%	8h	86,554.3	−0.011%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0028%	8h	86,547.5	−0.019%	$2.94B	$5.07B	150x	as long as short
Phemex BTCUSDT	+0.0029%	8h	86,553.4	−0.012%	$149.5M	$471.0M	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,552.6	−0.013%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.194%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDTlong	+0.0050%	8h	86,563.7	long leg	$5.18B	$5.66B	500x
Binance BTCUSDT	+0.0051%	8h	86,563.6	0.000%	$9.43B	$24.30B	150x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,593.5	+0.034%	$9.2M	$42.0M	25x	as long as short
Gate BTC_USDT	+0.0069%	8h	86,574.1	+0.012%	$5.86B	$10.62B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0070%	8h	86,573	+0.011%	$2.56B	$12.69B	100x	as long as short
Bybit BTCUSDT	+0.0079%	8h	86,565.2	+0.002%	$5.27B	$9.66B	150x	as long as short
Variational Omni BTC	+0.0091%	8h	86,619.6	+0.065%	$160.0M	$567.4M	—	as long as short
Lighter BTC	+0.0096%	1h	86,571.3	+0.009%	$172.0M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,573.3	+0.011%	$24.0M	$153.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,583	+0.022%	$8.5M	$52.1M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,652	+0.102%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,578	+0.017%	$195K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,587.4	+0.027%	$21.6M	$235.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,654	+0.104%	$3.82B	$5.12B	40x	as long as short
Pacifica BTCshort	+0.0100%	1h	86,624.1	+0.070%	$41.3M	$490.3M	50x
Ondo Perps BTC-USD.P	+0.0100%	1h	86,629	+0.075%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,653.9	+0.104%	$7.5M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,606.9	+0.050%	$571.9M	$22.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,650.3	+0.100%	$38.1M	$148.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,571.5	+0.009%	$279.6M	$949.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,620.3	+0.065%	$217.5M	$188.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,631.1	+0.078%	$141.6M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,635.6	+0.083%	$30.8M	$205.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,651.5	+0.101%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,584	+0.023%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,583.7	+0.023%	$194K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,572.1	+0.010%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,577.3	+0.016%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,559.9	−0.004%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,591.9	+0.033%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,553	−0.012%	$60.4M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,549.1	−0.017%	$2.30B	$957.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,541.5	−0.026%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,602.3	+0.045%	—	$98.3M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,588.8	+0.029%	$189.1M	$930.4M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,601.8	+0.044%	$131.7M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0123%	8h	86,613	+0.057%	$8.9M	$723.3M	6.4x	as long as short
BloFin BTC-USDT	+0.0170%	8h	86,675.1	+0.129%	$417.6M	$650.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,587.8	+0.028%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,686.3	+0.142%	$615K	$7.1M	30x	as long as short