Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Pacifica against Popdex+0.051%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 4 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.051%, 7d avg +0.021%
=Together, before fees−0.031%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.030% dearer against Popdex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 86,131 | 0.0096 | pay 0.0012% / 1h | 1m 10s | $8.8M | $45.9M | 100x |
| Short | Pacifica BTC | 86,175 | 0.0100 | get 0.0013% / 1h | 1m 10s | $40.3M | $571.2M | 50x |
Popdex BTCUSDT
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Popdex. 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
- $0.84
- Price spread: +0.051% → +0.021%
- $3.04
- Slippage, 4 orders
- −$0.86
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$11.39
- Costs to cover
- 0.153%
- Break-even
- 101.9 days
Slippage from Popdex: live order book, 1 min ago; Pacifica: live order book, 1 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 Popdex live order book, 1 min ago | 0.06 bp | 3.9 bp −$4 | 3.9 bp −$39 | 4.5 bp −$454 | 5.8 bp −$2,886 |
| Sell Pacifica live order book, 1 min ago | 0.06 bp | 4.1 bp −$4 | 4.2 bp −$42 | doesn't fit | doesn't fit |
BTC on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,181 | +0.058% | $8K | $2K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 86,214 | +0.096% | $301K | $29.7M | 52x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 86,137.2 | +0.007% | $362K | $2.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0021% | 1h | 86,200 | +0.080% | $137.9M | $295.1M | 100x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,147.5 | +0.019% | $421.7M | $569.2M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,129.5 | −0.002% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,149.5 | +0.021% | $484K | $14.0M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,166 | +0.041% | $36.8M | — | 200x | as long as short |
| SoDEX BTC-USD | +0.0015% | 1h | 86,153 | +0.026% | $65.8M | $188.1M | 40x | as long as short |
| BingX BTC-USDC | +0.0027% | 8h | 86,166.4 | +0.041% | — | $16.4M | — | as long as short |
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
ApeX Omni BTCUSDT
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
SoDEX BTC-USD
BingX BTC-USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0033% | 8h | 86,146.7 | +0.018% | $513.2M | $884.1M | 200x | as long as short |
| Bybit BTCUSDT | +0.0036% | 8h | 86,152 | +0.024% | $5.13B | $8.19B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0051% | 8h | 86,202.2 | +0.083% | $943.1M | $639.8M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 86,176 | +0.052% | $2.0M | $8.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0071% | 8h | 86,199 | +0.079% | $5.53B | $9.35B | 200x | as long as short |
| Nado BTC-PERP | +0.0078% | 1h | 86,114 | −0.020% | $23.1M | $197.6M | 50x | as long as short |
| Phemex BTCUSDT | +0.0091% | 8h | 86,156.1 | +0.029% | $170.7M | $480.3M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,170.6 | +0.046% | $173.7M | $893.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,172.6 | +0.048% | $23.6M | $127.0M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 86,131 | long leg | $8.8M | $45.9M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 86,144.9 | +0.016% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0097% | 8h | 86,195.4 | +0.075% | $2.99B | $4.02B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,109 | −0.026% | $220K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,163.6 | +0.038% | $6.0M | $7.8M | 50x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 86,175 | +0.051% | $40.3M | $571.2M | 50x | |
| Binance BTCUSDT | +0.0100% | 8h | 86,147.5 | +0.019% | $9.45B | $20.83B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,209.7 | +0.091% | $2.62B | $9.61B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,114 | −0.020% | $4.0M | $15.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,167.8 | +0.043% | $4.2M | $90.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,033.4 | −0.113% | $714.5M | $139.4M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,196.4 | +0.076% | $5.17B | $5.43B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,186 | +0.064% | $38.8M | $195.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,098.1 | −0.038% | $157.4M | $481.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,138.4 | +0.009% | $290.0M | $839.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,135.4 | +0.005% | $216.3M | $132.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,119.4 | −0.013% | $30.3M | $221.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,186.5 | +0.064% | — | $9.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,140 | +0.010% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,135 | +0.005% | $204K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,142.7 | +0.014% | $2.7M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,189 | +0.067% | $195K | $565K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,136.2 | +0.006% | $3.2M | $7.0M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,149.5 | +0.021% | $2.28B | $812.9M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 86,172 | +0.048% | $191.7M | $777.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,117.8 | −0.015% | $46.9M | $204.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,145 | +0.016% | — | $81.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,204.5 | +0.085% | $112.6M | $4.99B | 50x | as long as short |
| Hyperliquid BTC | +0.0148% | 1h | 86,289 | +0.183% | $3.98B | $4.40B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0160% | 8h | 86,152 | +0.024% | $11.9M | $730.3M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0162% | 1h | 86,086.3 | −0.052% | $6.6M | $131.2M | 40x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 86,151.6 | +0.024% | $8.9M | $37.5M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0208% / S −0.0183% | 1h | 86,143.4 | +0.014% | $13.2M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0235% | 1h | 86,208.7 | +0.090% | $822.8M | $1.52B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0336% | 1h | 86,151.6 | +0.024% | $715K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0435% | 1h | 86,134.5 | +0.004% | $81K | $244K | 20x | as long as short |
Aster BTCUSDT
Bybit BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Nado BTC-PERP
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD