Head to head
the arrow points to the better figure| Pacifica | Orderly | |
|---|---|---|
| Trading | ||
| $8.13 | BTC trade, $10k | — |
| $1,565 | BTC trade, $1M | — |
| $2.8M | BTC book depth | — |
| 0.040%/0.015% | Taker / maker▶ | 0.030%/0.000% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $959.1M | ◀Volume 24h | $85.4M |
| $745.6M | ◀Volume, 7-day average | $89.9M |
| $110.4Mlongs + shorts | Open interest | $46.8Mone side |
| $27.2M | TVL≈ | $25.9M |
| Markets | ||
| 78 | Markets▶ | 159 |
| 24 | Stocks & RWA▶ | 57 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.841% | BTC longs paid, 30d | +0.554% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | $ORDER |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Pacifica | Orderly |
|---|---|---|
| $1k | $0.818.1 bp | — |
| $10k | $8.138.1 bp | — |
| $100k | $87.078.7 bp | — |
| $1M | $1,56515.7 bp | — |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 67
funding /8h · Net 7d at $10k| Asset | Pacifica | Orderly | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0100% | +0.0100% | 0.0000% | — |
| BTC | +0.0100% | +0.0100% | 0.0000% | — |
| SOL | +0.0100% | +0.0034% | +0.0066% | — |
| ZEC | +0.0100% | +0.0026% | +0.0074% | — |
| BNB | +0.0100% | +0.0100% | 0.0000% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | — |
| XRP | +0.0100% | +0.0100% | 0.0000% | — |
| DOGE | +0.0100% | +0.0078% | +0.0022% | — |
| PUMP | +0.0100% | +0.0007% | — | — |
| ENA | +0.0100% | +0.0093% | +0.0007% | — |
| SUI | +0.0100% | +0.0061% | +0.0039% | — |
| ZRO | +0.0100% | −0.0038% | +0.0138% | — |
| WLD | +0.0100% | −0.0246% | — | — |
| NEAR | +0.0100% | +0.0100% | 0.0000% | — |
| LIT | +0.0100% | −0.0177% | +0.0277% | — |
| ASTER | +0.0100% | +0.0099% | — | — |
| XPL | +0.0100% | −0.0045% | +0.0145% | — |
| XMR | +0.0100% | +0.0804% | +0.0704% | — |
| AAVE | +0.0100% | −0.0032% | +0.0132% | — |
| LINK | +0.0100% | +0.0097% | — | — |
Only on Orderly: 83
RAY · TRX · S · ALPIX · NAS100 · ORDER · UNITREE · HBAR · INJ · MSFT · SOXL · PENDLE · BZ · QQQ · WOO · ETHFI · TIA · POL · ONDO · FET · SPX · DOT · SKHY · SPY · MERL · OP · APT · MRVL · BERA · INTC · CAKE · SYN · SOXS · CAP · AAOI · JTO · SEI · BIO · RE · BABA · ALLO · AMD · AMZN · M · CBRS · ORCL · WDC · AAPL · NBIS · XLM · SKY · MARSCOIN · DELL · XAUT · TSM · LITE · EWY · EDGE · BASED · DEXE · and 23 more
Questions
Which has more markets, Pacifica or Orderly?
Pacifica lists 78 active markets and Orderly 159; 67 assets trade on both, 22 of them stocks, commodities or other real-world assets.
Does Pacifica or Orderly require KYC?
Pacifica: No ID; blocked in the US, Canada, the UK, China, Russia, Ukraine, the Philippines and sanctioned countries. Orderly: No ID (the terms allow checks where applicable); not for US persons or sanctioned countries, and each front end can add rules.
Can you arbitrage funding between Pacifica and Orderly?
Not profitably right now: none of the 67 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Pacifica or Orderly?
24-hour volume: Pacifica $959.1M, Orderly $85.4M. Open interest as each reports it: $110.4M and $46.8M. Pacifica reports open interest as longs plus shorts, both sides of every position; Orderly reports one side. For the same positions Pacifica's figure reads about twice as large. TVL: $27.2M and $25.9M.