Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Derive against Pacifica−0.017%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.017%, 7d avg −0.034%
=Together, before fees−0.134%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 86,547.5 | 0.0100 | pay 0.0013% / 1h | 34m 59s | $40.8M | $527.8M | 50x |
| Short | Derive BTC-PERP | 86,532.7 | 0.0100 | get 0.0013% / 1h | 34m 59s | $30.6M | $62.6M | 15x |
Pacifica BTC
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.017% → −0.034%
- $1.72
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$12.28
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 86,543 | −0.005% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,515 | −0.038% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.024% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,531.3 | −0.019% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,523.9 | −0.027% | $360K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,501.7 | −0.053% | $501.7M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,531.4 | −0.019% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0015% | 8h | 86,500.8 | −0.054% | $850.5M | $715.2M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0029% | 1h | 86,516 | −0.036% | $6.7M | $145.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0032% | 1h | 86,536.6 | −0.013% | $915.4M | $1.48B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERP
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0032% | 1h | 86,539 | −0.010% | $17.0M | $21.1M | 50x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,483.6 | −0.074% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0048% | 8h | 86,510 | −0.043% | $150.6M | $478.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,498.1 | −0.057% | $2.96B | $5.13B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,501.4 | −0.053% | $5.16B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,499 | −0.056% | $9.43B | $24.57B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,489.9 | −0.067% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,505.1 | −0.049% | $5.87B | $10.75B | 200x | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 86,495 | −0.061% | $60.5M | $337.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,502.7 | −0.052% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,514.1 | −0.039% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,514 | −0.039% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,495.8 | −0.060% | $5.26B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,493 | −0.063% | $198K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,541.6 | −0.007% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,520.2 | −0.032% | $21.8M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,575 | +0.032% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 86,547.5 | long leg | $40.8M | $527.8M | 50x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,501 | −0.054% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,515 | −0.038% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,552.9 | +0.006% | $7.6M | $95.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,494.6 | −0.061% | $38.3M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,514.5 | −0.038% | $157.4M | $567.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,535.4 | −0.014% | $279.5M | $947.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,546.5 | −0.001% | $217.3M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,550 | +0.003% | $141.5M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,517.4 | −0.035% | $30.7M | $205.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,563.1 | +0.018% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,512 | −0.041% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,516 | −0.036% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,501 | −0.054% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,529.1 | −0.021% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,532.7 | −0.017% | $30.6M | $62.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,487.2 | −0.070% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,499.4 | −0.056% | $2.30B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.017% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,490.2 | −0.066% | $45.5M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,545.7 | −0.002% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,524.3 | −0.027% | $194.1M | $952.3M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,534.7 | −0.015% | $416K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,540.1 | −0.009% | $132.4M | $5.66B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0132% | 1h | 86,571.4 | +0.028% | $79K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,513.4 | −0.039% | $415.5M | $658.4M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,559.8 | +0.014% | $728K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0194% / S −0.0216% | 1h | 86,526.1 | −0.025% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 86,543 | −0.005% | $9.7M | $744.9M | 6.4x | as long as short |
dYdX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
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
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
BloFin BTC-USDT
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP