Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.009%
Price spread now: Aevo against Pacifica−0.029%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.029%, 7d avg −0.048%
=Together, before fees−0.065%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 86,494.7 | 0.0100 | pay 0.0013% / 1h | 9m 25s | $41.1M | $538.1M | 50x |
| Short | Aevo BTC-PERP | 86,469.6 | 0.0072 | get 0.0009% / 1h | 9m 25s | $2.5M | $1.4M | 20x |
Pacifica BTC
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Pacifica. 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
- −$5.88
- Price spread: −0.029% → −0.048%
- $1.94
- Slippage, 4 orders
- −$3.77
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$31.7
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 5 min ago; Aevo: live order book, 5 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 Pacifica live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo live order book, 5 min ago | 0.50 bp | 10.3 bp −$10 | 11.6 bp −$116 | 13.8 bp −$1,383 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,444 | −0.059% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,460 | −0.040% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.173% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,468.1 | −0.031% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,480.4 | −0.017% | $358K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,474.2 | −0.024% | $413K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,499.1 | +0.005% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,488.3 | −0.007% | $501.7M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0022% | 8h | 86,465.6 | −0.034% | $834.1M | $728.6M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0036% | 1h | 86,471.1 | −0.027% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0043% | 8h | 86,472 | −0.026% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0055% | 8h | 86,480.2 | −0.017% | $2.97B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,447.4 | −0.055% | $150.8M | $478.6M | 150x | as long as short |
| dYdX BTC-USD | +0.0062% | 1h | 86,456.7 | −0.044% | $16.9M | $21.2M | 50x | as long as short |
| Aevo BTC-PERPshort | +0.0072% | 1h | 86,469.6 | −0.029% | $2.5M | $1.4M | 20x | |
| MEXC BTC_USDT | +0.0073% | 8h | 86,474.6 | −0.023% | $5.16B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0074% | 8h | 86,482.3 | −0.014% | $9.44B | $24.55B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,477.9 | −0.019% | $5.85B | $10.81B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,478.6 | −0.019% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,487 | −0.009% | $23.9M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,453 | −0.048% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,484.3 | −0.012% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,441 | −0.062% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,497.1 | +0.003% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,454.3 | −0.047% | $21.8M | $234.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,532 | +0.043% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 86,494.7 | long leg | $41.1M | $538.1M | 50x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,498.5 | +0.004% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,474 | −0.024% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,491.8 | −0.003% | $7.3M | $96.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,452.4 | −0.049% | $38.0M | $156.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,407.7 | −0.101% | $157.0M | $567.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,408.7 | −0.099% | $279.1M | $946.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,429.2 | −0.076% | $217.0M | $172.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,423.1 | −0.083% | $141.3M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,460.1 | −0.040% | $30.7M | $206.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,499.5 | +0.006% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,465 | −0.034% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,481.3 | −0.016% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,479.4 | −0.018% | $2.5M | $9.4M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,517.8 | +0.027% | $141K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,513.7 | +0.022% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,462.8 | −0.037% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,446 | −0.056% | $60.5M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,458.8 | −0.041% | $2.29B | $968.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.048% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,436.1 | −0.068% | $45.7M | $227.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,468.3 | −0.031% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,474.3 | −0.024% | $192.9M | $953.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,480.4 | −0.017% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0159% | 1h | 86,475.5 | −0.022% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,484.8 | −0.011% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0194% | 8h | 86,439.9 | −0.063% | $415.1M | $658.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0223% | 1h | 86,489.7 | −0.006% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,476 | −0.022% | $10.0M | $751.4M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0350% | 1h | 86,507 | +0.014% | $913.2M | $1.49B | 50x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit 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
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL