Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.006%

Price spread now: Lighter RH against Binance−0.003%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.851%−$85 · spread now −0.003%, 7d avg −0.057%

Together, before fees−0.786%+ Points / potential airdropLighter RH: Points live · farm board−$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.054% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PLTRUSDT	184.42	0	get 0.0000% / 8h	6h 55m	$9.2M	$31.8M	20x
Short	Lighter RH PLTR	184.41	0.0032	get 0.0004% / 1h	55m 30s	$379K	$579K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.003%Rate

Funding earned: $6.72
Price spread: −0.003% → −0.057%: $5.36
Slippage, 4 orders: −$7.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.95
Costs to cover: 0.170%
Break-even: 12.2 days

Slippage from Binance: live order book, 1 min ago; Lighter RH: live order book, 37 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 Binance live order book, 1 min ago	0.54 bp	7.3 bp −$7	16.2 bp −$162	79.7 bp −$7,970	doesn't fit
Sell Lighter RH live order book, 37 min ago	1.96 bp	2.2 bp −$2	7.1 bp −$71	doesn't fit	doesn't fit

PLTR on 27 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
Aster PLTRUSDT	0.0000%	8h	184.39	−0.016%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.43	+0.008%	$305K	$852K	10x	as long as short
Binance PLTRUSDTlong	0.0000%	8h	184.42	long leg	$9.2M	$31.8M	20x
Bybit PLTRUSDT	0.0000%	8h	184.39	−0.016%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	184.39	−0.016%	$1.8M	$2.5M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	184.45	+0.016%	$327K	$762K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.29	−0.070%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.57	+0.084%	$745K	$225K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.56	+0.078%	$14K	$522K	10x	as long as short
Lighter PLTR	+0.0032%	1h	184.33	−0.049%	$211K	$296K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PLTRshort	+0.0032%	1h	184.41	−0.003%	$379K	$579K	10x
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.480%	$1K	$42K	30x	as long as short
QFEX PLTR-USD	+0.0039%	1h	184.38	−0.022%	$1.2M	$2.1M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.59	+0.092%	—	$123K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	184.36	−0.033%	$12.1M	$6.0M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	184.14	−0.152%	$219K	$660K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	184.54	+0.065%	$53K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	184.45	+0.016%	$326K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.52	+0.054%	$30K	$95K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	184.35	−0.036%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	184.43	+0.005%	$1.0M	$141K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	184.41	−0.005%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.50	+0.042%	$90	—	10x	as long as short
Hotstuff PLTR-PERP	+0.0120%	1h	184.35	−0.038%	$29K	$10K	20x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	184.53	+0.060%	$128K	$265K	20x	as long as short
Arcus PLTR-USD	+0.0173%	1h	184.35	−0.038%	$85K	$49K	10x	as long as short
edgeX PLTRUSDC	+0.0878%	4h	184.48	+0.033%	$43K	$264K	10x	as long as short