Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Polymarket Perps+0.039%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.039%, 7d avg +0.033%

Together, before fees−0.048%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BTC-USD	86,488	0.0100	pay 0.0013% / 1h	33m 22s	$11.1M	$13.8M	50x
Short	Pacifica BTC	86,521.9	0.0100	get 0.0013% / 1h	33m 22s	$40.8M	$527.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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 Polymarket PerpsbpFee PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.033%: $0.61
Slippage, 4 orders: −$2.7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.09
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; Pacifica: live order book, 1 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 Polymarket Perps live order book, 6 min ago	0.06 bp	4.1 bp −$4	4.3 bp −$43	5.8 bp −$582	doesn't fit
Sell Pacifica live order book, 1 min ago	0.06 bp	4.7 bp −$5	4.9 bp −$49	doesn't fit	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
Phoenix BTC	−0.0118%	1h	86,543	+0.064%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,481	−0.008%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.092%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,504.5	+0.019%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,506.4	+0.021%	$358K	$2.5M	50x	as long as short
Aster BTCUSDT	0.0000%	8h	86,488.9	+0.001%	$501.6M	$1.15B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,511.9	+0.028%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0016%	8h	86,492	+0.005%	$850.6M	$715.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0029%	1h	86,492.2	+0.005%	$6.7M	$145.4M	40x	as long as short
dYdX BTC-USD	+0.0037%	1h	86,539	+0.059%	$17.0M	$21.1M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0042%	8h	86,491.7	+0.004%	—	$1.59B	—	as long as short
Deribit BTC-PERPETUAL	+0.0045%	1h	86,532.8	+0.052%	$915.2M	$1.48B	50x	as long as short
Phemex BTCUSDT	+0.0049%	8h	86,493.6	+0.006%	$150.7M	$478.6M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,484.2	−0.004%	$2.96B	$5.13B	150x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,490.4	+0.003%	$5.16B	$5.65B	500x	as long as short
Binance BTCUSDT	+0.0071%	8h	86,490.4	+0.003%	$9.43B	$24.57B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,481.3	−0.008%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,495.6	+0.009%	$5.87B	$10.76B	200x	as long as short
SoDEX BTC-USD	+0.0093%	1h	86,491	+0.003%	$60.5M	$337.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,497.5	+0.011%	$170.3M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,500.9	+0.015%	$24.0M	$151.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,490	+0.002%	$8.5M	$52.5M	100x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,485.9	−0.002%	$5.26B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,470	−0.021%	$198K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,515.5	+0.032%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,484	−0.005%	$21.8M	$234.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,564	+0.088%	$3.80B	$5.11B	40x	as long as short
Pacifica BTCshort	+0.0100%	1h	86,521.9	+0.039%	$40.8M	$527.8M	50x
OKX BTC-USDT-SWAP	+0.0100%	8h	86,495.6	+0.009%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,498	+0.012%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,530.6	+0.049%	$7.6M	$95.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,489.8	+0.002%	$38.3M	$154.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,514.5	+0.031%	$157.4M	$567.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,535.4	+0.055%	$279.5M	$947.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,546.5	+0.068%	$217.3M	$171.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,514.6	+0.031%	$141.4M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,500.3	+0.014%	$30.7M	$205.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,536.1	+0.056%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USDlong	+0.0100%	1h	86,488	long leg	$11.1M	$13.8M	50x
Bullet BTC-USD	+0.0100%	1h	86,490.9	+0.003%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,493.4	+0.006%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,523	+0.040%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,526.6	+0.045%	$30.6M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,504.4	+0.019%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,470.9	−0.020%	$2.30B	$969.8M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,562.5	+0.086%	$572.7M	$17.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,475.3	−0.015%	$45.5M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,518.9	+0.036%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,523.8	+0.041%	$194.1M	$952.2M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,503.5	+0.018%	$416K	$23.1M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,536	+0.055%	$132.4M	$5.66B	50x	as long as short
Aftermath Perps BTCUSD	+0.0135%	1h	86,553.3	+0.075%	$79K	$218K	20x	as long as short
BloFin BTC-USDT	+0.0191%	8h	86,490.5	+0.003%	$415.4M	$658.5M	150x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	86,544	+0.065%	$728K	$8.1M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0194% / S −0.0216%	1h	86,506.4	+0.021%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	86,522	+0.039%	$9.7M	$745.4M	6.4x	as long as short