Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bulk against Pacifica+0.015%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.015%, 7d avg −0.024%
=Together, before fees−0.024%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.039% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 85,416.3 | 0.0100 | pay 0.0013% / 1h | 43m 45s | $40.1M | $595.0M | 50x |
| Short | Bulk BTC-USD | 85,429 | 0.0100 | get 0.0013% / 1h | 43m 45s | $679.8M | $655.7M | 40x |
Pacifica BTC
Bulk BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: +0.015% → −0.024%
- $3.86
- Slippage, 4 orders
- −$0.15
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$11.29
- Costs to cover
- 0.151%
- Break-even
- 23193453191099668.0 days
Slippage from Pacifica: live order book, 5 min ago; Bulk: live order book, just now.
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 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell Bulk live order book, just now | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.9 bp −$391 | 4.5 bp −$2,263 |
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 | 85,384.7 | −0.037% | $532K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,377 | −0.046% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,392 | −0.028% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,321.6 | −0.111% | $919.5M | $761.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,359.2 | −0.067% | $420.3M | $677.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,379 | −0.044% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0013% | 8h | 85,320.1 | −0.113% | $513.3M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,407.8 | −0.010% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,381.8 | −0.040% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,387 | −0.034% | $24.5M | $224.0M | 50x | 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
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.038% | $339K | $26.8M | 52x | as long as short |
| SoDEX BTC-USD | +0.0052% | 1h | 85,359 | −0.067% | $59.8M | $335.8M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,373.2 | −0.050% | $187.9M | $955.2M | 100x | as long as short |
| BingX BTC-USDC | +0.0065% | 8h | 85,309.4 | −0.125% | — | $17.4M | — | as long as short |
| Bullet BTC-USD | +0.0067% | 1h | 85,366 | −0.059% | $203K | $3.3M | 20x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,355.5 | −0.071% | $149.4M | $501.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0082% | 8h | 85,333.1 | −0.097% | $2.95B | $5.15B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0086% | 1h | 85,404.9 | −0.013% | $139.6M | $315.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,319.5 | −0.113% | $5.07B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,316.7 | −0.117% | $9.43B | $24.73B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,356.6 | −0.070% | $2.4M | $6.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,334.2 | −0.096% | $171.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,338.8 | −0.091% | $23.8M | $147.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,367 | −0.058% | $8.4M | $55.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,391.5 | −0.029% | $116.7M | $5.32B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,353 | −0.074% | $238K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,436.5 | +0.024% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,402 | −0.017% | $3.77B | $5.04B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 85,416.3 | long leg | $40.1M | $595.0M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,320.1 | −0.113% | $5.17B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,327.2 | −0.104% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,374 | −0.050% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,380.9 | −0.041% | $4.7M | $99.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,333.7 | −0.097% | $5.52B | $10.82B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,350.5 | −0.077% | $36.5M | $174.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,345 | −0.083% | $154.3M | $564.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,396.2 | −0.023% | $279.4M | $939.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,392.8 | −0.028% | $214.6M | $169.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,364.2 | −0.061% | $30.1M | $206.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,437.4 | +0.025% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,373 | −0.051% | $11.1M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,366.8 | −0.058% | $2.3M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,409.6 | −0.008% | $206K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,347.8 | −0.080% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,345.7 | −0.083% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,350 | −0.078% | $2.26B | $952.1M | 200x | as long as short |
| Bulk BTC-USDshort | +0.0100% | 1h | 85,429 | +0.015% | $679.8M | $655.7M | 40x | |
| Deribit BTC-PERPETUAL | +0.0101% | 1h | 85,408.4 | −0.009% | $872.2M | $1.60B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,305.4 | −0.130% | $45.7M | $236.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,396.5 | −0.023% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0110% | 1h | 85,363.8 | −0.061% | $6.6M | $147.3M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,378.4 | −0.044% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,419 | +0.003% | $11.4M | $749.2M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,425.8 | +0.011% | $695K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0236% | 1h | 85,418.8 | +0.003% | $79K | $225K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,404.2 | −0.014% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Bullet BTC-USD
Phemex BTCUSDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC