Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Pacifica against Popdex+0.040%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.040%, 7d avg +0.019%
=Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 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: Pacifica is 0.021% dearer against Popdex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 86,619 | 0.0096 | pay 0.0012% / 1h | 46m 11s | $8.5M | $52.0M | 100x |
| Short | Pacifica BTC | 86,653.4 | 0.0100 | get 0.0013% / 1h | 46m 11s | $41.0M | $485.8M | 50x |
Popdex BTCUSDT
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Popdex. 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: +0.040% → +0.019%
- $2.12
- Slippage, 4 orders
- −$0.34
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$11.78
- Costs to cover
- 0.147%
- Break-even
- 105.2 days
Slippage from Popdex: live order book, 3 min ago; Pacifica: live order book, 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 Popdex live order book, 3 min ago | 0.06 bp | 3.4 bp −$3 | 3.4 bp −$34 | 3.7 bp −$371 | 5.1 bp −$2,548 |
| Sell Pacifica live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,626.3 | +0.008% | $432K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0208% | 1h | 86,662 | +0.050% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0105% | 1h | 86,651.2 | +0.037% | $18.0M | $20.0M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,579 | −0.046% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,620 | +0.001% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,571.4 | −0.055% | $846.2M | $707.8M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,643.5 | +0.028% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,626.8 | +0.009% | $938.6M | $1.42B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,631 | +0.014% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,590.2 | −0.033% | $505.5M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,602.6 | −0.019% | $6.7M | $144.0M | 40x | as long as short |
| BingX BTC-USDT | +0.0021% | 8h | 86,602.1 | −0.020% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,592.1 | −0.031% | $149.4M | $470.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,583.1 | −0.041% | $2.94B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,575.5 | −0.050% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,596.8 | −0.026% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0049% | 8h | 86,584.1 | −0.040% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.130% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0062% | 8h | 86,565.7 | −0.062% | $2.57B | $12.68B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,639.7 | +0.024% | $9.2M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,605.1 | −0.016% | $5.86B | $10.58B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,572.3 | −0.054% | $5.27B | $9.65B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | +0.009% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,602.1 | −0.020% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,596.6 | −0.026% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 86,619 | long leg | $8.5M | $52.0M | 100x | |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 86,590 | −0.033% | $217.4M | $189.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,615.1 | −0.005% | $2.5M | $8.5M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,672.7 | +0.062% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,608 | −0.013% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,623.5 | +0.005% | $21.7M | $235.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,680 | +0.070% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 86,653.4 | +0.040% | $41.0M | $485.8M | 50x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,621 | +0.002% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,691.5 | +0.084% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.053% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,610.2 | −0.010% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,590.7 | −0.033% | $279.7M | $948.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | +0.020% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,613.9 | −0.006% | $30.8M | $205.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,671.6 | +0.061% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,612 | −0.008% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,607.9 | −0.013% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,623.5 | +0.005% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,602.4 | −0.019% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,615.9 | −0.004% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,588 | −0.036% | $60.4M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,589 | −0.035% | $2.30B | $955.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,580.8 | −0.044% | $46.6M | $229.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,646.7 | +0.032% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0113% | 8h | 86,648 | +0.033% | $8.8M | $723.0M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,618.9 | 0.000% | $191.3M | $927.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,635.6 | +0.019% | $131.9M | $5.88B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,618.6 | 0.000% | $418.8M | $642.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,626.3 | +0.008% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,644.2 | +0.029% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P