BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.037%

Price spread now: Hibachi against Pacifica−0.010%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Pacifica Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.010%, 7d avg +0.017%

Together, before fees+0.350%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.027% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BTC	86,650.2	0.0100	pay 0.0013% / 1h	30m 31s	$41.3M	$490.3M	50x
Short	Hibachi BTC/USDT-P	86,641.4	0.0224	get 0.0028% / 1h	30m 31s	$614K	$7.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee HibachibpOrdersPrice spread, now −0.010%Rate

Funding earned: $26.04
Price spread: −0.010% → +0.017%: −$2.73
Slippage, 4 orders: −$0.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $5.73
Costs to cover: 0.176%
Break-even: 5.5 days

Slippage from Pacifica: live order book, 4 min ago; Hibachi: 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	doesn't fit	doesn't fit	doesn't fit
Sell Hibachi live order book, 4 min ago	0.01 bp	4.6 bp −$5	5.2 bp −$52	43.4 bp −$4,341	doesn't fit

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
Aftermath Perps BTCUSD	−0.0234%	1h	86,607.4	−0.049%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,633.4	−0.019%	$428K	$24.9M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,590	−0.069%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0080%	1h	86,626.4	−0.027%	$17.6M	$20.5M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,574	−0.088%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,646.2	−0.005%	$362K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,652.7	+0.003%	$935.1M	$1.44B	50x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,608.3	−0.048%	$843.7M	$704.8M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,628.7	−0.025%	$37.0M	—	200x	as long as short
Aster BTCUSDT	+0.0008%	8h	86,600.7	−0.057%	$505.8M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,611.5	−0.045%	$6.7M	$144.3M	40x	as long as short
BingX BTC-USDT	+0.0023%	8h	86,603.8	−0.054%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0025%	8h	86,618	−0.037%	$149.7M	$471.5M	150x	as long as short
Bitget BTCUSDT	+0.0031%	8h	86,616.5	−0.039%	$2.95B	$5.07B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	−0.013%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0053%	8h	86,617.4	−0.038%	$5.19B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0053%	8h	86,606.4	−0.051%	$9.44B	$24.31B	150x	as long as short
Aevo BTC-PERP	+0.0056%	1h	86,621.3	−0.033%	$2.4M	$1.3M	20x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,630.6	−0.023%	$9.2M	$42.0M	25x	as long as short
OKX BTC-USDT-SWAP	+0.0073%	8h	86,630.3	−0.023%	$2.56B	$12.70B	100x	as long as short
Gate BTC_USDT	+0.0075%	8h	86,621.4	−0.033%	$5.86B	$10.64B	200x	as long as short
Bybit BTCUSDT	+0.0082%	8h	86,615.9	−0.040%	$5.27B	$9.67B	150x	as long as short
Variational Omni BTC	+0.0092%	8h	86,584.3	−0.076%	$160.0M	$567.1M	—	as long as short
Lighter BTC	+0.0096%	1h	86,633.7	−0.019%	$172.0M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,638.8	−0.013%	$24.0M	$153.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,620	−0.035%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,610	−0.046%	$193K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,667.4	+0.020%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,616.5	−0.039%	$21.7M	$235.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,693.5	+0.050%	$3.82B	$5.13B	40x	as long as short
Pacifica BTClong	+0.0100%	1h	86,650.2	long leg	$41.3M	$490.3M	50x
Ondo Perps BTC-USD.P	+0.0100%	1h	86,627	−0.027%	$3.9M	$18.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,690.1	+0.046%	$7.5M	$93.7M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,577.9	−0.083%	$571.8M	$22.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,624.7	−0.029%	$38.1M	$148.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,620.6	−0.034%	$279.9M	$950.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,619.4	−0.036%	$217.4M	$187.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,627.4	−0.026%	$141.4M	$322.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,601.6	−0.056%	$30.8M	$205.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,675.1	+0.029%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,620	−0.035%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,605	−0.052%	$194K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,632.5	−0.020%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,644.6	−0.006%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,625.8	−0.028%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,612.9	−0.043%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,618	−0.037%	$60.5M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,590.4	−0.069%	$2.30B	$957.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,606.5	−0.050%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,638.6	−0.013%	—	$98.4M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,657.4	+0.008%	$189.0M	$930.4M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,668.1	+0.021%	$132.0M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0124%	8h	86,624	−0.030%	$8.9M	$723.7M	6.4x	as long as short
BloFin BTC-USDT	+0.0173%	8h	86,599.6	−0.058%	$416.9M	$652.8M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,635.8	−0.017%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-Pshort	+0.0224%	1h	86,641.4	−0.010%	$614K	$7.1M	30x