Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Variational Omni+0.082%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days−0.052%−$5 · spread now +0.082%, 7d avg +0.032%
Together, before fees−0.047%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$5 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 0.051% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,503.70.0100pay 0.0100% / 8h5h 38m$154.4M$549.8M
ShortPacifica BTC85,574.10.0100get 0.0013% / 1h38m 29s$40.5M$573.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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

Funding earned
$0
Price spread: +0.082% → +0.032%
$5.07
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$2.93
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago0.50 bpdoesn't fit0.5 bp −$51.5 bp −$148doesn't fit
Sell Pacifica live order book, 1 min ago0.06 bp4.1 bp −$44.4 bp −$44doesn't fitdoesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0160%1h85,585+0.095%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,554+0.059%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,506.3+0.003%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,520.2+0.019%$414.8M$661.8M150xas long as short
dYdX BTC-USD0.0000%1h85,541.7+0.044%$16.7M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,541.2+0.044%$36.6M200xas long as short
Nado BTC-PERP+0.0011%1h85,502.3−0.002%$22.7M$221.3M50xas long as short
KuCoin XBTUSDTM+0.0012%8h85,545.4+0.049%$917.7M$752.9M125xas long as short
Aster BTCUSDT+0.0019%8h85,541.4+0.044%$515.4M$1.11B200xas long as short
BingX BTC-USDT+0.0054%8h85,542.2+0.045%$1.54Bas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTC-USDT+0.0066%8h85,525+0.025%$2.27B$932.7M200xas long as short
Reya BTCRUSDPERP+0.0067%1h85,546.8+0.050%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0068%8h85,529.9+0.031%$2.95B$5.02B150xas long as short
Deribit BTC-PERPETUAL+0.0077%1h85,560.3+0.066%$893.3M$1.52B50xas long as short
Injective BTC/USDC PERP+0.0079%1h85,578+0.087%$340K$26.9M52xas long as short
Phemex BTCUSDT+0.0079%8h85,522.4+0.022%$148.2M$478.5M150xas long as short
Aevo BTC-PERP+0.0080%1h85,516.6+0.015%$2.5M$1.7M20xas long as short
SunX BTC-USDT+0.0080%8h85,526.2+0.026%$2.9M$6.1M100xas long as short
MEXC BTC_USDT+0.0086%8h85,535.9+0.038%$5.05B$5.61B500xas long as short
Binance BTCUSDT+0.0087%8h85,506.3+0.003%$9.32B$23.87B150xas long as short
Lighter BTC+0.0096%1h85,542.1+0.045%$169.7M$987.8M50xas long as short
Lighter RH BTC+0.0096%1h85,557.8+0.063%$23.9M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,518+0.017%$8.4M$51.9M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,579.8+0.089%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,495−0.010%$203K$7.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,600+0.113%$3.77B$4.93B40xas long as short
Pacifica BTCshort+0.0100%1h85,574.1+0.082%$40.5M$573.5M50x
Bybit BTCUSDT+0.0100%8h85,508.5+0.006%$5.33B$9.58B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,506.6+0.003%$2.57B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,539+0.041%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,490.8−0.015%$7.2M$97.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,562.7+0.069%$616.1M$358.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,543.8+0.047%$5.55B$10.47B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,518.8+0.018%$35.1M$171.6M75xas long as short
Variational Omni BTClong+0.0100%8h85,503.7long leg$154.4M$549.8M
edgeX BTCUSDC+0.0100%4h85,550.1+0.054%$278.9M$928.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,591.1+0.102%$214.8M$164.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,603.5+0.117%$140.0M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,595.1+0.107%$30.3M$210.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,616.3+0.132%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,550+0.054%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,538.6+0.041%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,516.5+0.015%$2.3M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,562.2+0.068%$196K$721K40xas long as short
Derive BTC-PERP+0.0100%1h85,521.8+0.021%$30.0M$52.5M15xas long as short
SoDEX BTC-USD+0.0100%1h85,521+0.020%$59.9M$336.2M40xas long as short
Extended BTC-USD+0.0104%1h85,508.7+0.006%$44.1M$227.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,583.7+0.094%$106.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,556.8+0.062%$130.4M$5.08B50xas long as short
RISEx BTC/USDC+0.0120%1h85,555.5+0.061%$8.3M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0139%1h85,546.2+0.050%$187.9M$947.1M100xas long as short
Aftermath Perps BTCUSD+0.0195%1h85,573.8+0.082%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,624.4+0.141%$699K$7.9M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,537.9+0.040%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0213%8h85,591+0.102%$10.5M$760.1M6.4xas long as short
Perpl BTC+0.0447%43m85,596.3+0.108%$522K$19.4M6.7xas long as short