Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.176%
Price spread now: Bluefin against Pacifica−0.066%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.066%, 7d avg −0.051%
=Together, before fees−0.297%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 85,768.2 | 0.0100 | pay 0.0013% / 1h | 29m 09s | $40.3M | $571.4M | 50x |
| Short | Bluefin BTC-PERP | 85,711.6 | 0.0100 | get 0.0013% / 1h | 29m 09s | $186K | $708K | 40x |
Pacifica BTC
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- $0
- Price spread: −0.066% → −0.051%
- −$1.45
- Slippage, 4 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$24.45
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 5 min ago; Bluefin: live order book, 40 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 Bluefin live order book, 40 min ago | 1.17 bp | 7.2 bp −$7 | 12.5 bp −$125 | doesn't fit | doesn't fit |
BTC on 55 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 | −0.0144% | 1h | 85,735 | −0.039% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,689 | −0.092% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,734.8 | −0.039% | $364K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,755.5 | −0.015% | $515K | $20.7M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 85,754 | −0.016% | $16.8M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,689.6 | −0.092% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | −0.090% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0034% | 8h | 85,682.8 | −0.100% | $509.3M | $1.14B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0034% | 8h | 85,658.3 | −0.128% | $902.9M | $755.0M | 125x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,755.2 | −0.015% | $8.2M | $42.6M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0054% | 8h | 85,686.1 | −0.096% | — | $1.58B | — | as long as short |
| ApeX Omni BTCUSDT | +0.0056% | 1h | 85,655.9 | −0.131% | $140.1M | $319.3M | 100x | as long as short |
| Reya BTCRUSDPERP | +0.0057% | 1h | 85,699.4 | −0.080% | $6.7M | $146.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0058% | 8h | 85,656.9 | −0.130% | $2.27B | $952.6M | 200x | as long as short |
| Nado BTC-PERP | +0.0061% | 1h | 85,748.6 | −0.023% | $22.7M | $228.3M | 50x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,670.6 | −0.114% | $2.94B | $5.11B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,689.2 | −0.092% | $5.07B | $5.72B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,668.5 | −0.116% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,697.8 | −0.082% | $9.33B | $24.40B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,678.1 | −0.105% | $170.0M | $988.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,686.4 | −0.095% | $23.4M | $146.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,746 | −0.026% | $8.4M | $52.0M | 100x | as long as short |
| Gate BTC_USDT | +0.0098% | 8h | 85,690.1 | −0.091% | $5.62B | $10.52B | 200x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,707 | −0.071% | $206K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,720.9 | −0.055% | $3.8M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,742 | −0.030% | $3.76B | $5.00B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 85,768.2 | long leg | $40.3M | $571.4M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,710.9 | −0.067% | $5.30B | $9.78B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,697.3 | −0.083% | $2.54B | $12.40B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,749 | −0.022% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,715.8 | −0.061% | $7.3M | $98.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,663 | −0.123% | $35.3M | $163.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,640.3 | −0.149% | $156.2M | $559.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,632.3 | −0.158% | $278.5M | $946.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,580.1 | −0.219% | $214.9M | $167.6M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,678.2 | −0.105% | $30.3M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,769.9 | +0.002% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,735 | −0.039% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,696.2 | −0.084% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,676.7 | −0.107% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,711.6 | −0.066% | $186K | $708K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,678.2 | −0.105% | $30.0M | $56.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,658.5 | −0.128% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,675 | −0.109% | $60.0M | $337.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,670.3 | −0.114% | $153.0M | $480.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,587.5 | −0.211% | $583.6M | $150.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,651.2 | −0.136% | $43.9M | $228.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,750.9 | −0.020% | — | $101.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,704.9 | −0.074% | $131.0M | $5.17B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,716.1 | −0.061% | $698K | $7.9M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0142% | 1h | 85,710 | −0.068% | $894.4M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,680.6 | −0.102% | $188.7M | $965.0M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0164% | 1h | 85,680.1 | −0.103% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0192% | 1h | 85,702.3 | −0.077% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 85,741 | −0.032% | $10.0M | $770.4M | 6.4x | as long as short |
BingX BTC-USDT
ApeX Omni BTCUSDT
Reya BTCRUSDPERP
HTX BTC-USDT
Nado BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Gate BTC_USDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Bybit BTCUSDT
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP