Head to head
the arrow points to the better figure| Pacifica | Popdex | |
|---|---|---|
| Trading | ||
| $8.13 | BTC trade, $10k≈ | $8.34 |
| $1,565 | BTC trade, $1M▶ | $945 |
| $2.8M | BTC book depth▶ | $12.3M |
| 0.040%/0.015% | Taker / maker▶ | 0.032%/0.010% |
| 50x | Max leverage▶ | 100x |
| Size | ||
| $959.1M | ◀Volume 24h | $336.4M |
| $745.6M | ◀Volume, 7-day average | $198.6M |
| $110.4Mlongs + shorts | Open interest | $92.7Mone side |
| $27.2M | TVL▶ | $76.6M |
| Markets | ||
| 78 | ◀Markets | 66 |
| 24 | Stocks & RWA▶ | 35 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.841% | BTC longs paid, 30d | +0.775% |
| Access | ||
| No ID | KYC | No ID |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Pacifica | Popdex |
|---|---|---|
| $1k | $0.818.1 bp | $0.747.4 bp |
| $10k | $8.138.1 bp | $8.348.3 bp |
| $100k | $87.078.7 bp | $84.888.5 bp |
| $1M | $1,56515.7 bp | $9459.4 bp |
| $5M | — | $7,77815.6 bp |
BTC funding per day
pair pageVolume by asset class
last 90 daysOn both: 41
funding /8h · Net 7d at $10k| Asset | Pacifica | Popdex | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$17 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$30 |
| SOL | +0.0100% | +0.0082% | +0.0018% | −$25 |
| ZEC | +0.0100% | +0.0271% | +0.0171% | −$21 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$21 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$40 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$52 |
| BNB | +0.0100% | +0.0100% | 0.0000% | −$18 |
| ENA | +0.0100% | +0.0100% | 0.0000% | −$92 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$55 |
| LTC | +0.0100% | +0.0100% | 0.0000% | −$57 |
| ADA | +0.0100% | +0.0100% | 0.0000% | −$45 |
| SUI | +0.0100% | +0.0100% | 0.0000% | −$61 |
| DOGE | +0.0100% | +0.0100% | 0.0000% | — |
| TRUMP | +0.0100% | +0.0100% | 0.0000% | −$102 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$74 |
| AVAX | +0.0100% | +0.0100% | 0.0000% | −$88 |
| LINK | +0.0100% | +0.0100% | 0.0000% | — |
| TAO | +0.0100% | +0.0100% | 0.0000% | — |
| WLD | +0.0100% | −0.0030% | +0.0130% | −$58 |
Questions
Is Pacifica or Popdex cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.13 on Pacifica and $8.34 on Popdex right now, taker fee and order-book slippage together: about the same. Taker fees: 0.04% and 0.032%.
Which has more markets, Pacifica or Popdex?
Pacifica lists 78 active markets and Popdex 66; 41 assets trade on both, 17 of them stocks, commodities or other real-world assets.
Does Pacifica or Popdex require KYC?
Pacifica: No ID; blocked in the US, Canada, the UK, China, Russia, Ukraine, the Philippines and sanctioned countries. Popdex: No ID; barred countries include the US, UK, Canada, France, Germany, Austria, Singapore, Hong Kong and China.
Can you arbitrage funding between Pacifica and Popdex?
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 SKHYNIX, long on Popdex and short on Pacifica, with $62 left after costs.
Which is bigger, Pacifica or Popdex?
24-hour volume: Pacifica $959.1M, Popdex $336.4M. Open interest as each reports it: $110.4M and $92.7M. Pacifica reports open interest as longs plus shorts, both sides of every position; Popdex reports one side. For the same positions Pacifica's figure reads about twice as large. TVL: $27.2M and $76.6M.