Funding you earn now, next payment 01:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.028%
Price spread now: Phoenix against Binance−0.098%95s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 2 days (all we have)+0.099%+$10 · spread now −0.098%, 7d avg −0.017%
=Funding pays, the price is against you. Phoenix is 0.082% cheaper against Binance than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.017%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PLTRUSDT | 182.76 | 0 | get 0.0000% / 8h | 6h 25m | $9.0M | $30.2M | 20x |
| Short | Phoenix PLTR | 182.58 | 0.0087 | get 0.0011% / 1h | 25m 53s | $30K | $93K | 10x |
Binance PLTRUSDT
Phoenix PLTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $18.34
- Price spread: −0.098% → −0.017%
- −$8.18
- Slippage, 4 orders
- −$23.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$30.39
- Costs to cover
- 0.405%
- Break-even
- 18.6 days
Slippage from Binance: live order book, 16 min ago; Phoenix: live order book, 34 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, 16 min ago | 0.82 bp | 8.3 bp −$8 | 20.0 bp −$200 | 85.2 bp −$8,520 | doesn't fit |
| Sell Phoenix live order book, 34 min ago | 3.82 bp | 12.6 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
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 | −0.0098% | 1h | 182.44 | −0.175% | $214K | $677K | 10x | as long as short |
| tradeXYZ xyz:PLTR | −0.0061% | 1h | 182.52 | −0.131% | $12.0M | $6.3M | 10x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 183.03 | +0.146% | $61K | $44K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 182.71 | −0.028% | $306K | $1.4M | 10x | as long as short |
| Binance PLTRUSDTlong | 0.0000% | 8h | 182.76 | long leg | $9.0M | $30.2M | 20x | |
| Bybit PLTRUSDT | 0.0000% | 8h | 182.74 | −0.011% | $3.1M | $2.4M | 25x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 182.71 | −0.027% | $333K | $719K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 182.68 | −0.044% | $3.4M | $3.0M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 182.74 | −0.011% | $737K | $219K | — | as long as short |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 182.69 | −0.036% | $16K | $670K | 10x | as long as short |
Polymarket Perps PLTR-USD
tradeXYZ xyz:PLTR
Aster PLTRUSDT
Extended PLTR_24_5-USD
Bybit PLTRUSDT
Gate PLTR_USDT
Bitget PLTRUSDT
Variational Omni PLTR
GRVT PLTR_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PLTR-USDT-SWAP | +0.0004% | 8h | 182.72 | −0.022% | $1.7M | $2.3M | 20x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 182.50 | −0.142% | $184K | $264K | 10x | as long as short |
| Lighter RH PLTR | +0.0032% | 1h | 182.52 | −0.131% | $366K | $607K | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.585% | $1K | $42K | 30x | as long as short |
| Arcus PLTR-USD | +0.0040% | 1h | 182.66 | −0.055% | $86K | $46K | 10x | as long as short |
| QFEX PLTR-USD | +0.0042% | 1h | 182.67 | −0.049% | $1.2M | $2.4M | 10x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 182.71 | −0.027% | — | $124K | 25x | as long as short |
| Hotstuff PLTR-PERP | +0.0048% | 1h | 182.49 | −0.148% | $29K | $10K | 20x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 182.68 | −0.044% | $52K | $3K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 182.56 | −0.109% | $389K | $1.6M | 10x | as long as short |
| Phoenix PLTRshort | +0.0087% | 1h | 182.58 | −0.098% | $30K | $93K | 10x | |
| Pacifica PLTR | +0.0100% | 1h | 182.64 | −0.064% | $192K | $14K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 182.65 | −0.060% | $1.1M | $28K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 182.57 | −0.104% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 182.63 | −0.069% | $89 | — | 10x | as long as short |
| edgeX PLTRUSDC | +0.0769% | 4h | 182.68 | −0.045% | $42K | $261K | 10x | as long as short |
OKX PLTR-USDT-SWAP
Lighter PLTR
Lighter RH PLTR
Injective PLTR/USDC PERP
Arcus PLTR-USD
QFEX PLTR-USD
Vest PLTR-USD-PERP
Hotstuff PLTR-PERP
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
edgeX PLTRUSDC