Pacifica vs Polymarket Perps
Pacifica traded 6.9× Polymarket Perps's 24-hour volume ($959.1M vs $138.7M).
Head to head
the arrow points to the better figure| Pacifica | Polymarket Perps | |
|---|---|---|
| Trading | ||
| $8.13 | ◀BTC trade, $10k | $9.96 |
| $1,565 | ◀BTC trade, $1M | $1,904 |
| $2.8M | BTC book depth≈ | $2.7M |
| 0.040%/0.015% | Taker / maker≈ | 0.040%/0.013% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $959.1M | ◀Volume 24h | $138.7M |
| $745.6M | ◀Volume, 7-day average | $76.6M |
| $110.4Mlongs + shorts | Open interest | $108.4Mone side |
| $27.2M | TVL | — |
| Markets | ||
| 78 | Markets▶ | 90 |
| 24 | Stocks & RWA▶ | 49 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.841% | BTC longs paid, 30d | +0.677% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | Not active |
Cost to trade BTC
| Size | Pacifica | Polymarket Perps |
|---|---|---|
| $1k | $0.818.1 bp | $0.878.7 bp |
| $10k | $8.138.1 bp | $9.9610.0 bp |
| $100k | $87.078.7 bp | $13113.1 bp |
| $1M | $1,56515.7 bp | $1,90419.0 bp |
| $5M | — | — |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 53
funding /8h · Net 7d at $10k| Asset | Pacifica | Polymarket Perps | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$19 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$19 |
| SOL | +0.0100% | +0.0073% | +0.0027% | −$19 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$62 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$28 |
| XRP | +0.0100% | −0.0034% | +0.0134% | −$4 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$65 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$47 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$38 |
| ZRO | +0.0100% | +0.0002% | +0.0098% | −$40 |
| ENA | +0.0100% | +0.0100% | 0.0000% | −$37 |
| LTC | +0.0100% | +0.0100% | 0.0000% | −$83 |
| LIT | +0.0100% | −0.0396% | +0.0496% | −$76 |
| BNB | +0.0100% | +0.0100% | 0.0000% | −$43 |
| ADA | +0.0100% | −0.0377% | +0.0477% | −$25 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$78 |
| FARTCOIN | +0.0100% | −0.0248% | +0.0348% | −$56 |
| SUI | +0.0100% | −0.0318% | +0.0418% | −$28 |
| DOGE | +0.0100% | +0.0100% | 0.0000% | — |
| TAO | +0.0100% | −0.0033% | +0.0133% | — |
Questions
Is Pacifica or Polymarket Perps cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.13 on Pacifica and $9.96 on Polymarket Perps right now, taker fee and order-book slippage together, so Pacifica is cheaper. Taker fees: 0.04% and 0.04%.
Which has more markets, Pacifica or Polymarket Perps?
Pacifica lists 78 active markets and Polymarket Perps 90; 53 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does Pacifica or Polymarket Perps require KYC?
Pacifica: No ID; blocked in the US, Canada, the UK, China, Russia, Ukraine, the Philippines and sanctioned countries. Polymarket Perps: No ID for Perps since the beta ended in Sep 2026; orders cannot be placed from the US, Canada or sanctioned countries.
Can you arbitrage funding between Pacifica and Polymarket Perps?
Yes: 2 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 XMR, long on Pacifica and short on Polymarket Perps, with $13 left after costs.
Which is bigger, Pacifica or Polymarket Perps?
24-hour volume: Pacifica $959.1M, Polymarket Perps $138.7M. Open interest as each reports it: $110.4M and $108.4M. Pacifica reports open interest as longs plus shorts, both sides of every position; Polymarket Perps reports one side. For the same positions Pacifica's figure reads about twice as large. TVL: $27.2M and none published.