Funding you earn now, next payment 22:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.002%
Price spread now: Bybit against Pacifica−0.039%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.039%, 7d avg −0.022%
=Together, before fees−0.028%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, 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 | 86,655.7 | 0.0100 | pay 0.0013% / 1h | 40m 37s | $41.0M | $485.8M | 50x |
| Short | Bybit BTCUSDT | 86,621.8 | 0.0078 | get 0.0078% / 8h | 2h 40m | $5.28B | $9.65B | 150x |
Pacifica BTC
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$4.61
- Price spread: −0.039% → −0.022%
- −$1.74
- Slippage, 4 orders
- −$0.13
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.48
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 7.0 bp −$702 | 8.5 bp −$4,269 |
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 | −0.0335% | 43m | 86,621.2 | −0.040% | $429K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0216% | 1h | 86,617.8 | −0.044% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,607 | −0.056% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0101% | 1h | 86,656.5 | +0.001% | $17.7M | $20.3M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,623 | −0.038% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,615.1 | −0.047% | $845.4M | $708.3M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,647.9 | −0.009% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,645.7 | −0.011% | $937.2M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,637.9 | −0.020% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,601.9 | −0.062% | $505.7M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,620.6 | −0.040% | $6.7M | $144.1M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,621.8 | −0.039% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,611.3 | −0.051% | $149.7M | $470.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,618.4 | −0.043% | $2.95B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,613.8 | −0.048% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.088% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0050% | 8h | 86,621.7 | −0.039% | $5.18B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0050% | 8h | 86,624.5 | −0.036% | $9.44B | $24.30B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,641.3 | −0.017% | $9.3M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0066% | 8h | 86,633.1 | −0.026% | $2.57B | $12.70B | 100x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,610 | −0.053% | $5.85B | $10.60B | 200x | as long as short |
| Bybit BTCUSDTshort | +0.0078% | 8h | 86,621.8 | −0.039% | $5.28B | $9.65B | 150x | |
| Variational Omni BTC | +0.0089% | 8h | 86,618.2 | −0.043% | $160.7M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,633 | −0.026% | $172.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,634.5 | −0.024% | $24.0M | $153.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,620 | −0.041% | $8.5M | $52.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0098% | 8h | 86,570.8 | −0.098% | $217.3M | $189.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,673.8 | +0.021% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,623 | −0.038% | $201K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,586.5 | −0.080% | $21.8M | $235.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,688 | +0.037% | $3.83B | $5.11B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 86,655.7 | long leg | $41.0M | $485.8M | 50x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,620 | −0.041% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,688.8 | +0.038% | $7.4M | $93.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | −0.056% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,615.5 | −0.046% | $38.1M | $148.2M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.4 | −0.097% | $279.7M | $948.9M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,564.8 | −0.105% | $141.5M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,596.9 | −0.068% | $30.8M | $205.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,679 | +0.027% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,635 | −0.024% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,612 | −0.050% | $195K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,625.7 | −0.035% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,636.1 | −0.023% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,624 | −0.037% | $30.0M | $61.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,611.1 | −0.051% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,609 | −0.054% | $60.4M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,606.4 | −0.057% | $2.30B | $956.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,601.3 | −0.063% | $46.4M | $229.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,635.7 | −0.023% | — | $98.2M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,644.4 | −0.013% | $190.5M | $930.0M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0117% | 8h | 86,636 | −0.023% | $9.0M | $723.5M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,655.1 | −0.001% | $131.8M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0170% | 8h | 86,602 | −0.062% | $419.0M | $646.7M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,634.1 | −0.025% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,646.2 | −0.011% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P