Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Pacifica−0.083%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.083%, 7d avg −0.059%
=Together, before fees+0.078%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$8 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: Extended is 0.023% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 86,546.1 | 0.0100 | pay 0.0013% / 1h | 33m 54s | $40.8M | $527.8M | 50x |
| Short | Extended BTC-USD | 86,474.7 | 0.0104 | get 0.0013% / 1h | 33m 54s | $45.5M | $227.3M | 50x |
Pacifica BTC
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.083% → −0.059%
- −$2.34
- Slippage, 4 orders
- −$1.06
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$15.56
- Costs to cover
- 0.141%
- Break-even
- 136.7 days
Slippage from Pacifica: live order book, 5 min ago; Extended: 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 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.06 bp | 2.6 bp −$3 | 2.9 bp −$29 | 4.3 bp −$432 | 10.9 bp −$5,473 |
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 | −0.004% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,495 | −0.059% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.025% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,516.6 | −0.034% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,513.3 | −0.038% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,495.7 | −0.058% | $501.6M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,521.6 | −0.028% | $36.8M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0013% | 1h | 86,532.6 | −0.016% | $915.4M | $1.48B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0015% | 8h | 86,498.8 | −0.055% | $850.6M | $715.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0029% | 1h | 86,497.8 | −0.056% | $6.7M | $145.5M | 40x | 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
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0033% | 1h | 86,539 | −0.008% | $17.0M | $21.1M | 50x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,471.4 | −0.086% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0048% | 8h | 86,497.9 | −0.056% | $150.7M | $478.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,475.6 | −0.082% | $2.96B | $5.13B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,485.8 | −0.070% | $5.16B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,483.1 | −0.073% | $9.42B | $24.57B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,489.5 | −0.065% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,495 | −0.059% | $5.87B | $10.76B | 200x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 86,494 | −0.060% | $60.5M | $337.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,501.5 | −0.052% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,513.9 | −0.037% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,499 | −0.054% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,480.2 | −0.076% | $5.26B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,489 | −0.066% | $197K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,549.8 | +0.004% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,504.9 | −0.048% | $21.8M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,561.6 | +0.018% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 86,546.1 | long leg | $40.8M | $527.8M | 50x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,484.7 | −0.071% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,528 | −0.021% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,549.2 | +0.004% | $7.6M | $95.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,489.8 | −0.065% | $38.3M | $154.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,514.5 | −0.037% | $157.4M | $567.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,535.4 | −0.012% | $279.5M | $947.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,546.5 | 0.000% | $217.3M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,550 | +0.004% | $141.5M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,517.4 | −0.033% | $30.7M | $205.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,551.8 | +0.007% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,500 | −0.053% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,497 | −0.057% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,499.7 | −0.054% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,524.7 | −0.025% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,531.1 | −0.017% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,504.4 | −0.048% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,481.6 | −0.075% | $2.30B | $969.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.019% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 86,474.7 | −0.083% | $45.5M | $227.3M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,519.5 | −0.031% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,522.7 | −0.027% | $194.1M | $952.3M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,514.1 | −0.037% | $416K | $23.1M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,537.2 | −0.010% | $132.4M | $5.66B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0133% | 1h | 86,562.5 | +0.019% | $79K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,513.4 | −0.038% | $415.5M | $658.4M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,544 | −0.002% | $728K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0194% / S −0.0216% | 1h | 86,511.9 | −0.040% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 86,533 | −0.015% | $9.7M | $745.3M | 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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk 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