BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against RISEx−0.001%7-day average +0.014% · 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−$17as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on RISEx Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.001%, 7d avg +0.014%

Together, before fees−0.005%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, 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	RISEx BTC/USDC	86,497.8	−0.0024	get 0.0003% / 1h	18m 22s	$8.3M	$42.7M	25x
Short	Pacifica BTC	86,497.3	0.0100	get 0.0013% / 1h	18m 22s	$41.1M	$535.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee PacificabpOrdersPrice spread, now −0.001%Rate

Funding earned: $26.04
Price spread: −0.001% → +0.014%: −$1.51
Slippage, 4 orders: −$1.59
Fee RISEx: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $8.95
Costs to cover: 0.156%
Break-even: 4.6 days

Slippage from RISEx: 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 RISEx live order book, 1 min ago	0.01 bp	4.5 bp −$4	5.0 bp −$50	10.8 bp −$1,080	doesn't fit
Sell Pacifica live order book, 1 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	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
Phoenix BTC	−0.0118%	1h	86,367	−0.151%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,465	−0.038%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,345	−0.177%	$332K	$26.9M	52x	as long as short
RISEx BTC/USDClong	−0.0024%	1h	86,497.8	long leg	$8.3M	$42.7M	25x
01 Exchange BTCUSD	−0.0016%	1h	86,484.6	−0.015%	$359K	$2.5M	50x	as long as short
Perpl BTC	0.0000%	43m	86,465.6	−0.037%	$411K	$22.7M	6.7x	as long as short
Aster BTCUSDT	+0.0003%	8h	86,489	−0.010%	$501.8M	$1.15B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,505.2	+0.009%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0017%	8h	86,483.7	−0.016%	$853.7M	$716.0M	125x	as long as short
Reya BTCRUSDPERP	+0.0033%	1h	86,486.5	−0.013%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0042%	8h	86,493.3	−0.005%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0052%	8h	86,461.8	−0.042%	$150.3M	$478.6M	150x	as long as short
Bitget BTCUSDT	+0.0053%	8h	86,489.4	−0.010%	$2.96B	$5.13B	150x	as long as short
dYdX BTC-USD	+0.0063%	1h	86,455.1	−0.049%	$16.9M	$21.2M	50x	as long as short
MEXC BTC_USDT	+0.0069%	8h	86,486.9	−0.013%	$5.16B	$5.68B	500x	as long as short
Binance BTCUSDT	+0.0071%	8h	86,489.6	−0.010%	$9.43B	$24.56B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,457.3	−0.047%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0080%	8h	86,487.8	−0.012%	$5.86B	$10.79B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,466.1	−0.037%	$170.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,487.3	−0.012%	$23.9M	$152.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,487	−0.013%	$8.5M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0097%	8h	86,494.8	−0.004%	$5.26B	$9.80B	150x	as long as short
SoDEX BTC-USD	+0.0099%	1h	86,465	−0.038%	$60.5M	$338.2M	40x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,466	−0.037%	$202K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,523.4	+0.030%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,475.9	−0.025%	$21.8M	$234.3M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,563	+0.075%	$3.79B	$5.11B	40x	as long as short
Pacifica BTCshort	+0.0100%	1h	86,497.3	−0.001%	$41.1M	$535.5M	50x
OKX BTC-USDT-SWAP	+0.0100%	8h	86,500	+0.003%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,476	−0.025%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,518.8	+0.024%	$7.4M	$95.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,449	−0.056%	$572.1M	$12.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,463.3	−0.040%	$38.0M	$157.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,376.4	−0.140%	$157.0M	$568.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,328.2	−0.196%	$278.8M	$946.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,354.3	−0.166%	$216.8M	$171.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,355.9	−0.164%	$141.2M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,432.2	−0.076%	$30.7M	$205.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,522.4	+0.028%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,491	−0.008%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,490.4	−0.009%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,487.6	−0.012%	$2.4M	$9.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,498.6	+0.001%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,493.7	−0.005%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,402.3	−0.110%	$3.4M	$5.3M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,436.5	−0.071%	$2.29B	$968.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,473	−0.029%	$45.5M	$227.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,478.3	−0.023%	—	$99.1M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0106%	1h	86,506.1	+0.010%	$913.7M	$1.48B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,497.9	0.000%	$191.9M	$953.4M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,509.5	+0.013%	$132.3M	$5.65B	50x	as long as short
Aftermath Perps BTCUSD	+0.0155%	1h	86,454.9	−0.050%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,482.7	−0.017%	$728K	$8.0M	30x	as long as short
BloFin BTC-USDT	+0.0190%	8h	86,444.8	−0.061%	$416.1M	$658.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0197% / S −0.0221%	1h	86,501.5	+0.004%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,457	−0.047%	$9.9M	$749.0M	6.4x	as long as short