Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Polymarket Perps+0.038%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.163% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.038%, 7d avg +0.033%
Together, before fees−0.043%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD85,7910.0100pay 0.0013% / 1h22m 09s$11.1M$14.3M50x
ShortPacifica BTC85,823.80.0100get 0.0013% / 1h22m 09s$40.3M$571.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.038% → +0.033%
$0.49
Slippage, 4 orders
−$0.31
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.83
Costs to cover
0.163%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Pacifica: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago0.06 bp4.1 bp −$44.5 bp −$457.4 bp −$743doesn't fit
Sell Pacifica live order book, 2 min ago0.06 bp4.1 bp −$44.2 bp −$42doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0144%1h85,733−0.068%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,777−0.016%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,764.6−0.031%$365K$2.3M50xas long as short
Perpl BTC0.0000%43m85,822.9+0.037%$513K$20.6M6.7xas long as short
dYdX BTC-USD+0.0002%1h85,800+0.010%$16.8M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,787.2−0.004%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,691−0.117%$340K$26.9M52xas long as short
KuCoin XBTUSDTM+0.0032%8h85,760.4−0.036%$903.3M$754.5M125xas long as short
Aster BTCUSDT+0.0038%8h85,780.5−0.012%$516.8M$1.14B200xas long as short
RISEx BTC/USDC+0.0044%1h85,799.1+0.009%$8.2M$42.0M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0052%1h85,794.7+0.004%$22.6M$227.4M50xas long as short
BingX BTC-USDC+0.0055%8h85,753−0.044%$17.1Mas long as short
Reya BTCRUSDPERP+0.0058%1h85,789.2−0.002%$6.7M$146.3M40xas long as short
Bitget BTCUSDT+0.0070%8h85,755.5−0.041%$2.95B$5.08B150xas long as short
HTX BTC-USDT+0.0083%8h85,768.7−0.026%$2.27B$947.1M200xas long as short
ApeX Omni BTCUSDT+0.0086%1h85,787−0.005%$140.3M$318.4M100xas long as short
MEXC BTC_USDT+0.0093%8h85,759.7−0.036%$5.07B$5.73B500xas long as short
Binance BTCUSDT+0.0093%8h85,752.6−0.045%$9.34B$24.29B150xas long as short
Lighter BTC+0.0096%1h85,767.7−0.027%$170.4M$990.8M50xas long as short
Lighter RH BTC+0.0096%1h85,774.5−0.019%$23.5M$147.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,775−0.019%$8.4M$51.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,768.1−0.027%$2.5M$1.8M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,755−0.042%$202K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,773−0.021%$3.8M$8.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,824.8+0.039%$3.76B$4.97B40xas long as short
Pacifica BTCshort+0.0100%1h85,823.8+0.038%$40.3M$571.4M50x
Bybit BTCUSDT+0.0100%8h85,748.1−0.050%$5.31B$9.73B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,726.5−0.075%$2.54B$12.35B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,796+0.006%$4.0M$18.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,758.4−0.038%$7.2M$98.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,744.8−0.054%$590.5M$195.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,770−0.024%$5.61B$10.55B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,751.5−0.046%$35.3M$164.9M75xas long as short
Variational Omni BTC+0.0100%8h85,799.4+0.010%$156.6M$556.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,740.4−0.059%$278.7M$939.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,794.3+0.004%$215.3M$166.3M50xas long as short
StandX BTC-USD+0.0100%1h85,774−0.020%$30.3M$208.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,843.9+0.062%$11.8M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h85,791long leg$11.1M$14.3M50x
Bullet BTC-USD+0.0100%1h85,792.3+0.001%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,774.1−0.020%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,815.7+0.029%$186K$708K40xas long as short
Derive BTC-PERP+0.0100%1h85,778.1−0.015%$30.0M$56.2M15xas long as short
SunX BTC-USDT+0.0100%8h85,722−0.080%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,765−0.030%$60.0M$337.2M40xas long as short
Phemex BTCUSDT+0.0100%8h85,760.5−0.036%$154.3M$480.4M150xas long as short
Extended BTC-USD+0.0104%1h85,752.1−0.045%$44.1M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,807+0.019%$101.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,790.3−0.001%$131.2M$5.15B50xas long as short
Deribit BTC-PERPETUAL+0.0125%1h85,815.3+0.028%$894.7M$1.54B50xas long as short
Hibachi BTC/USDT-P+0.0136%1h85,791.7+0.001%$696K$7.8M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,774.9−0.019%$188.5M$963.1M100xas long as short
Aftermath Perps BTCUSD+0.0166%1h85,768.4−0.026%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0189%1h85,787−0.005%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0212%8h85,813+0.026%$10.0M$769.9M6.4xas long as short