Funding you earn now, next payment 06:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.037%
Price spread now: 01 Exchange against Pacifica−0.025%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Funding, last 4 days (all we have)−0.107%−$11 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.025%, 7d avg −0.027%
=Together, before fees−0.086%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BTC | 85,184 | 0.0100 | pay 0.0013% / 1h | 31m 08s | $40.1M | $595.5M | 50x |
| Short | 01 Exchange BTCUSD | 85,162.7 | −0.0032 | pay 0.0004% / 1h | 31m 08s | $373K | $2.3M | 50x |
Pacifica BTC
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Pacifica. 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
- −$27.72
- Price spread: −0.025% → −0.027%
- $0.25
- Slippage, 4 orders
- −$3.27
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$45.74
- Costs to cover
- 0.183%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; 01 Exchange: 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 Pacifica live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange live order book, 3 min ago | 0.30 bp | 6.0 bp −$6 | 15.6 bp −$156 | 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 | −0.0112% | 43m | 85,171.5 | −0.015% | $525K | $18.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,177 | −0.008% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,161 | −0.027% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,127.5 | −0.066% | $921.0M | $763.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,135.4 | −0.057% | $420.5M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSDshort | −0.0032% | 1h | 85,162.7 | −0.025% | $373K | $2.3M | 50x | |
| Aster BTCUSDT | −0.0015% | 8h | 85,136.3 | −0.056% | $511.8M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,176.4 | −0.009% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,143.9 | −0.047% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0022% | 1h | 85,152 | −0.038% | $24.7M | $222.9M | 50x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.048% | $338K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,149.9 | −0.040% | $186.9M | $955.2M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,133.5 | −0.059% | — | $17.4M | — | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,127.8 | −0.066% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,143.9 | −0.047% | $148.6M | $504.3M | 150x | as long as short |
| Bullet BTC-USD | +0.0082% | 1h | 85,132.8 | −0.060% | $207K | $3.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,143.8 | −0.047% | $5.05B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,152 | −0.038% | $2.95B | $5.18B | 150x | as long as short |
| SoDEX BTC-USD | +0.0084% | 1h | 85,132 | −0.061% | $59.6M | $335.8M | 40x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,143.8 | −0.047% | $9.40B | $24.81B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,152.6 | −0.037% | $170.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,146.6 | −0.044% | $23.7M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,150 | −0.040% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,172 | −0.014% | $116.8M | $5.34B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,133 | −0.060% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,209.4 | +0.030% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,221 | +0.043% | $3.74B | $5.07B | 40x | as long as short |
| Pacifica BTClong | +0.0100% | 1h | 85,184 | long leg | $40.1M | $595.5M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,139.6 | −0.052% | $5.15B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,149.9 | −0.040% | $2.57B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,152 | −0.038% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,157.7 | −0.031% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | 0.000% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,150.7 | −0.039% | $5.49B | $10.92B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,131.3 | −0.062% | $35.9M | $174.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,263.5 | +0.093% | $156.5M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,133.5 | −0.059% | $278.8M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,147 | −0.043% | $214.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,125.3 | −0.069% | $139.1M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,149.5 | −0.041% | $30.0M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,215.7 | +0.037% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,140 | −0.052% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,136.2 | −0.056% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,176 | −0.009% | $217K | $749K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,110.1 | −0.087% | $29.9M | $49.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,147.9 | −0.042% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,126 | −0.068% | $2.25B | $947.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,105.9 | −0.092% | $45.5M | $238.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,145.1 | −0.046% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0114% | 1h | 85,133.8 | −0.059% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0131% | 1h | 85,168.3 | −0.018% | $872.3M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,139.1 | −0.053% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0180% | 8h | 85,169 | −0.018% | $11.3M | $744.7M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0212% | 1h | 85,242.8 | +0.069% | $79K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,227.6 | +0.051% | $717K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,177.7 | −0.007% | $8.6M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Aevo BTC-PERP
Phemex BTCUSDT
Bullet BTC-USD
MEXC BTC_USDT
Bitget BTCUSDT
SoDEX BTC-USD
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC