Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.077%
Price spread now: Bybit against Pacifica+0.127%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.463%−$46 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.127%, 7d avg +0.008%
=Together, before fees−0.578%+ Points / potential airdropPacifica: Active · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.118% dearer against Pacifica than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.008%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.463% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica EURUSD | 1.1464 | 0.0100 | pay 0.0013% / 1h | 44m 32s | $190K | $188K | 50x |
| Short | Bybit EURUSDUSDT | 1.1479 | 0 | get 0.0000% / 8h | 44m 32s | $584K | $366K | 100x |
Pacifica EURUSD
Bybit EURUSDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21
- Price spread: +0.127% → +0.008%
- $11.84
- Slippage, 4 orders
- −$42.25
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$70.41
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 33 min ago; Bybit: live order book, 26 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, 33 min ago | 3.05 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 4.27 bp | 11.4 bp −$11 | 42.9 bp −$429 | 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 | −0.0130% | 4h | 1.1466 | +0.014% | $6.8M | $151K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0095% | 1h | 1.1463 | −0.012% | $3K | — | 50x | as long as short |
| Nado EURUSD-PERP | −0.0009% | 1h | 1.1467 | +0.020% | $466K | $272K | 40x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1476 | +0.097% | $2.1M | $534K | 50x | as long as short |
| Bybit EURUSDUSDTshort | 0.0000% | 8h | 1.1479 | +0.127% | $584K | $366K | 100x | |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1477 | +0.110% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1471 | +0.058% | $250K | $29K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1464 | −0.003% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1471 | +0.058% | — | $2.6M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1473 | +0.075% | $13K | $255K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Nado EURUSD-PERP
Lighter EURUSD
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EUR-USD | +0.0032% | 1h | 1.1464 | −0.004% | $6.7M | $1.8M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | +0.052% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1496 | +0.277% | — | $287K | 100x | as long as short |
| Hotstuff EURUSD-PERP | +0.0072% | 1h | 1.1472 | +0.066% | $33K | — | 50x | as long as short |
| Pacifica EURUSDlong | +0.0100% | 1h | 1.1464 | long leg | $190K | $188K | 50x | |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1474 | +0.087% | $12K | — | 10x | as long as short |
| Hibachi EUR/USDT-P | +0.0160% | 1h | 1.1467 | +0.019% | $167K | $8.3M | 30x | as long as short |
| tradeXYZ xyz:EUR | +0.0163% | 1h | 1.1471 | +0.058% | $23.2M | $2.4M | 50x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Hotstuff EURUSD-PERP
Aevo EURUSD-PERP
Hibachi EUR/USDT-P
tradeXYZ xyz:EUR