Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Pacifica−0.017%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 3 days (all we have)−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.017%, 7d avg −0.019%
=Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$3 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 | 85,643.9 | 0.0100 | pay 0.0013% / 1h | 6m 16s | $40.2M | $569.5M | 50x |
| Short | gTrade (Gains Network) BTC/USD | 85,629.5 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 6m 16s | $36.7M | — | 200x |
Pacifica BTC
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.1
- Price spread: −0.017% → −0.019%
- $0.23
- Slippage, 4 orders
- −$1.14
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$36.02
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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, 3 min ago | 0.06 bp | 4.1 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
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 | 85,535 | −0.127% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,643 | −0.001% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,613.2 | −0.036% | $361K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,646.2 | +0.003% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0004% / S −0.0004% | 1h | 85,629.5 | −0.017% | $36.7M | — | 200x | |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,682 | +0.044% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0023% | 8h | 85,614.4 | −0.034% | $516.0M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0025% | 8h | 85,590.4 | −0.063% | $900.8M | $749.3M | 125x | as long as short |
| Nado BTC-PERP | +0.0034% | 1h | 85,625.5 | −0.022% | $22.7M | $225.9M | 50x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,644.4 | +0.001% | $8.3M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
Nado BTC-PERP
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0051% | 8h | 85,622 | −0.026% | $2.27B | $937.4M | 200x | as long as short |
| BingX BTC-USDC | +0.0056% | 8h | 85,603.7 | −0.047% | — | $17.1M | — | as long as short |
| Reya BTCRUSDPERP | +0.0061% | 1h | 85,598.3 | −0.053% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,619.8 | −0.028% | $2.95B | $5.04B | 150x | as long as short |
| SunX BTC-USDT | +0.0075% | 8h | 85,590.9 | −0.062% | $2.9M | $6.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,622.9 | −0.025% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,608.5 | −0.041% | $5.08B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,608.3 | −0.042% | $9.32B | $24.05B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,610.7 | −0.039% | $170.4M | $996.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,615 | −0.034% | $23.8M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,616 | −0.033% | $8.4M | $51.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,648.3 | +0.005% | $3.8M | $8.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,550.6 | −0.109% | $139.9M | $317.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,586 | −0.068% | $206K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,675 | +0.036% | $3.76B | $4.91B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 85,643.9 | long leg | $40.2M | $569.5M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,614.7 | −0.034% | $5.32B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,608 | −0.042% | $2.55B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,615 | −0.034% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,585.5 | −0.068% | $7.2M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,637.8 | −0.007% | $5.58B | $10.60B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,616 | −0.033% | $35.1M | $166.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,606.4 | −0.044% | $156.1M | $555.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,535.8 | −0.126% | $278.1M | $937.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,544.9 | −0.116% | $214.7M | $162.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,515.3 | −0.150% | $30.2M | $209.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,663.7 | +0.023% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,604 | −0.047% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,622.5 | −0.025% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,622.9 | −0.025% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,670.7 | +0.031% | $196K | $721K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,622.4 | −0.025% | $30.0M | $56.1M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,609 | −0.041% | $59.9M | $336.6M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,604.7 | −0.046% | $151.0M | $480.6M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | +0.035% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,596.5 | −0.055% | $44.1M | $228.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,628.7 | −0.018% | — | $102.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,646.9 | +0.003% | $130.7M | $5.11B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,629.7 | −0.017% | $187.4M | $957.9M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 85,592 | −0.061% | $682K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0177% | 1h | 85,647.4 | +0.004% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,627.4 | −0.019% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,645 | +0.001% | $10.2M | $765.5M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0248% | 1h | 85,664.3 | +0.024% | $895.0M | $1.53B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,646.9 | +0.003% | $510K | $20.1M | 6.7x | as long as short |
HTX BTC-USDT
BingX BTC-USDC
Reya BTCRUSDPERP
Bitget BTCUSDT
SunX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
ApeX Omni BTCUSDT
Katana Perps BTC-USD
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC