Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Pacifica against Derive+0.063%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.063%, 7d avg +0.035%
=Together, before fees+0.079%+ Points / potential airdropPacifica: Active · farm board+$8 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 0.028% dearer against Derive than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BTC-PERP | 85,352.1 | 0.0100 | pay 0.0013% / 1h | 16m 32s | $30.0M | $48.0M | 15x |
| Short | Pacifica BTC | 85,405.5 | 0.0100 | get 0.0013% / 1h | 16m 32s | $40.0M | $597.7M | 50x |
Derive BTC-PERP
Pacifica BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Derive. 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
- Price spread: +0.063% → +0.035%
- $2.77
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$11.23
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Pacifica: live order book, 3 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 3 min ago | 0.06 bp | 4.4 bp −$4 | 4.5 bp −$45 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,394.4 | +0.050% | $526K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,308 | −0.052% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,379 | +0.032% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,376 | +0.028% | $923.1M | $765.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,377.4 | +0.030% | $419.8M | $681.8M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,383.3 | +0.037% | $513.0M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,405.7 | +0.063% | $354K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,386.9 | +0.041% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,397.9 | +0.054% | $36.5M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,349 | −0.004% | $339K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0041% | 1h | 85,362.1 | +0.012% | $24.8M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,389.1 | +0.043% | $187.5M | $954.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0068% | 8h | 85,364.7 | +0.015% | — | $17.4M | — | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 85,368.5 | +0.019% | $147.8M | $505.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0086% | 8h | 85,388.3 | +0.042% | $2.96B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,396.8 | +0.052% | $5.04B | $5.74B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,370.9 | +0.022% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,396.6 | +0.052% | $9.45B | $24.86B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,382 | +0.035% | $171.1M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,383.2 | +0.036% | $23.7M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,395 | +0.050% | $8.3M | $55.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,409.8 | +0.068% | $117.2M | $5.42B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,369 | +0.020% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,426.9 | +0.088% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,469 | +0.137% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTCshort | +0.0100% | 1h | 85,405.5 | +0.063% | $40.0M | $597.7M | 50x | |
| Bybit BTCUSDT | +0.0100% | 8h | 85,388.5 | +0.043% | $5.15B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,399 | +0.055% | $2.58B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,387 | +0.041% | $3.8M | $17.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,397.3 | +0.053% | $4.6M | $98.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,163.7 | −0.221% | $678.5M | $565.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,380.8 | +0.034% | $5.50B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,367.4 | +0.018% | $36.3M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,218.8 | −0.156% | $154.2M | $561.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,241.6 | −0.129% | $279.4M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,345.8 | −0.007% | $214.4M | $167.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,331.7 | −0.024% | $139.5M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,363.6 | +0.013% | $30.1M | $207.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,454.9 | +0.120% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,387 | +0.041% | $11.0M | $14.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,390 | +0.044% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,382.2 | +0.035% | $2.6M | $9.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,420.8 | +0.080% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 85,352.1 | long leg | $30.0M | $48.0M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,334.9 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,377 | +0.029% | $59.8M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,366.2 | +0.017% | $2.26B | $941.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,356.9 | +0.006% | $45.0M | $239.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,386.2 | +0.040% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0117% | 1h | 85,385.3 | +0.039% | $6.6M | $147.5M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0165% | 1h | 85,415 | +0.074% | $866.8M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,372.4 | +0.024% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0190% | 8h | 85,387 | +0.041% | $11.4M | $743.4M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0222% | 1h | 85,314.3 | −0.044% | $79K | $227K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,407.2 | +0.065% | $689K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,413.9 | +0.072% | $8.7M | $43.3M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC