Head to head
the arrow points to the better figure| Pacifica | Hibachi | |
|---|---|---|
| Trading | ||
| $8.13 | ◀BTC trade, $10k | $12.24 |
| $1,637 | ◀BTC trade, $1M | $14,587 |
| $2.5M | ◀BTC book depth | $1.1M |
| 0.040%/0.015% | ◀Taker / maker | 0.045%/0.000% |
| 50x | ◀Max leverage | 30x |
| Size | ||
| $965.4M | ◀Volume 24h | $27.4M |
| $745.6M | ◀Volume, 7-day average | $16.2M |
| $111.1Mlongs + shorts | Open interest | $1.3Mone side |
| $27.2M | ◀TVL | $3.3M |
| Markets | ||
| 78 | ◀Markets | 15 |
| 24 | ◀Stocks & RWA | 7 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0264% |
| +0.841% | BTC longs paid, 30d | +1.672% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | Active |
Cost to trade BTC
| Size | Pacifica | Hibachi |
|---|---|---|
| $1k | $0.818.1 bp | $1.2212.2 bp |
| $10k | $8.138.1 bp | $12.2412.2 bp |
| $100k | $91.579.2 bp | $14514.5 bp |
| $1M | $1,63716.4 bp | $14,587145.9 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 10
funding /8h · Net 7d at $10k| Asset | Pacifica | Hibachi | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0264% | +0.0164% | −$23 |
| HYPE | +0.0100% | +0.0728% | +0.0628% | −$75 |
| BNB | +0.0100% | +0.0576% | +0.0476% | +$17 |
| ETH | +0.0100% | −0.0192% | +0.0292% | −$36 |
| PAXG | +0.0100% | +0.0248% | +0.0148% | −$26 |
| SOL | +0.0100% | −0.0216% | +0.0316% | — |
| XRP | +0.0100% | +0.0032% | — | — |
| SUI | +0.0100% | +0.0392% | — | — |
Only on Pacifica: 68
ZEC · XAU · SKHYNIX · LIT · PUMP · NVDA · SP500 · AVAX · CL · XMR · LTC · NEAR · TSLA · MU · SNDK · CRV · ZRO · SPCX · MSTR · CRCL · AAVE · GOOGL · DRAM · UNI · ENA · PLTR · BP · WLFI · ICP · ADA · HOOD · TRUMP · FARTCOIN · DOGE · WLD · TAO · JUP · MON · USDJPY · ASTER · SAMSUNG · NATGAS · COPPER · LINK · META · BCH · XPL · PEPE · PENGU · VVV · ARB · XPT · WIF · 2Z · KAITO · CHIP · STRK · SHIB · ZK · PIPPIN · and 8 more
Questions
Is Pacifica or Hibachi cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.13 on Pacifica and $12.24 on Hibachi right now, taker fee and order-book slippage together, so Pacifica is cheaper. Taker fees: 0.04% and 0.045%.
Which has more markets, Pacifica or Hibachi?
Pacifica lists 78 active markets and Hibachi 15; 10 assets trade on both, 2 of them stocks, commodities or other real-world assets.
Does Pacifica or Hibachi require KYC?
Pacifica: No ID; blocked in the US, Canada, the UK, China, Russia, Ukraine, the Philippines and sanctioned countries. Hibachi: No ID; not for the US, the UK or sanctioned countries.
Can you arbitrage funding between Pacifica and Hibachi?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was BNB, long on Pacifica and short on Hibachi, with $17 left after costs.
Which is bigger, Pacifica or Hibachi?
24-hour volume: Pacifica $965.4M, Hibachi $27.4M. Open interest as each reports it: $111.1M and $1.3M. Pacifica reports open interest as longs plus shorts, both sides of every position; Hibachi reports one side. For the same positions Pacifica's figure reads about twice as large. TVL: $27.2M and $3.3M.