Funding you earn now, next payment 09:00 UTC−0.1840%/8h= −201.4% APRpaid last 24h +0.030%
Price spread now: Pacifica against Bybit−0.309%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.309%, 7d avg −0.014%
=Together, before fees+0.789%+ Points / potential airdropPacifica: Active · farm board+$79 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$55 a day on $10k at the current rate, and Pacifica is 0.295% cheaper against Bybit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.463%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.463% in total (about 24.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EURUSDUSDT | 1.1475 | 0.1940 | pay 0.1940% / 8h | 7h 37m | $579K | $308K | 100x |
| Short | Pacifica EURUSD | 1.1439 | 0.0100 | get 0.0013% / 1h | 37m 20s | $191K | $60K | 50x |
Bybit EURUSDUSDT
Pacifica EURUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bybit. 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
- −$386.32
- Price spread: −0.309% → −0.014%
- −$29.5
- Slippage, 4 orders
- −$34.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$468.98
- Costs to cover
- 0.532%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 53 min ago; Pacifica: live order book, 61 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 Bybit live order book, 53 min ago | 6.14 bp | 12.2 bp −$12 | 44.3 bp −$443 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 61 min ago | 2.62 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0400% | 4h | 1.1442 | −0.284% | $6.8M | $139K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1437 | −0.324% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1447 | −0.243% | $2.1M | $537K | 50x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1438 | −0.319% | $246K | $122K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1445 | −0.258% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1450 | −0.214% | $12K | $273K | 20x | as long as short |
| Bitget EURUSDUSDT | +0.0019% | 8h | 1.1470 | −0.040% | $263K | $25K | 100x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1439 | −0.309% | $6.8M | $1.4M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.071% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1471 | −0.035% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Bitget EURUSDUSDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSDshort | +0.0100% | 1h | 1.1439 | −0.309% | $191K | $60K | 50x | |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1443 | −0.276% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0121% | 1h | 1.1442 | −0.285% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1460 | −0.127% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0303% | 1h | 1.1443 | −0.275% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0328% | 1h | 1.1447 | −0.241% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0408% | 1h | 1.1443 | −0.272% | $163K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDTlong | +0.1940% | 8h | 1.1475 | long leg | $579K | $308K | 100x |
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P