Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Aster−0.288%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.288% cheaper against Aster than usual: you would sell low and buy high (spread −0.288% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 30 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PLTRUSDT	183.06	0	get 0.0000% / 8h	6h 24m	$61K	$44K	50x
Short	Lighter PLTR	182.54	0.0032	get 0.0004% / 1h	24m 22s	$184K	$264K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.288%Rate

Funding earned: $6.72
Price spread: −0.288% → 0.000%: −$28.76
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.04
Costs to cover: 0.080%
Break-even: 38.3 days

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 35 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 35 min ago	0.03 bp	3.4 bp −$3	9.4 bp −$94	doesn't fit	doesn't fit

Aster: 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.

PLTR on 26 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
Polymarket Perps PLTR-USD	−0.0091%	1h	182.46	−0.330%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0062%	1h	182.54	−0.287%	$12.0M	$6.3M	10x	as long as short
Aster PLTRUSDTlong	0.0000%	8h	183.06	long leg	$61K	$44K	50x
Extended PLTR_24_5-USD	0.0000%	1h	182.67	−0.215%	$306K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.75	−0.172%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.77	−0.161%	$3.1M	$2.4M	25x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.72	−0.188%	$333K	$720K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.68	−0.210%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.74	−0.177%	$737K	$219K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.71	−0.196%	$16K	$670K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PLTR-USDT-SWAP	+0.0003%	8h	182.76	−0.166%	$1.7M	$2.3M	20x	as long as short
Lighter PLTRshort	+0.0032%	1h	182.54	−0.288%	$184K	$264K	10x
Lighter RH PLTR	+0.0032%	1h	182.58	−0.262%	$366K	$607K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.751%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.68	−0.210%	$86K	$46K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.72	−0.188%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.78	−0.155%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.71	−0.194%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.59	−0.259%	$389K	$1.6M	10x	as long as short
Hotstuff PLTR-PERP	+0.0056%	1h	182.52	−0.297%	$29K	$10K	20x	as long as short
Phoenix PLTR	+0.0087%	1h	182.58	−0.265%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.68	−0.208%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.65	−0.226%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.57	−0.270%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.70	−0.198%	$90	—	10x	as long as short
edgeX PLTRUSDC	+0.0873%	4h	182.68	−0.207%	$42K	$261K	10x	as long as short