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

PLTR

RWAall PLTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.023%
Price spread now: Lighter against Bybit−0.069%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.335% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.069%, 7d avg −0.094%
Together, before fees−0.007%+ Points / potential airdropLighter: Season 3 · farm board−$1 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 is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PLTRUSDT182.930get 0.0000% / 8h3h 29m$3.1M$2.4M25x
ShortLighter PLTR182.800.0032get 0.0004% / 1h29m 19s$184K$255K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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
$6.72
Price spread: −0.069% → −0.094%
$2.52
Slippage, 4 orders
−$22.48
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Lighter: 0 bp × 2 orders
$0
Net
−$24.24
Costs to cover
0.335%
Break-even
32.3 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago1.09 bp16.1 bp −$1679.1 bp −$791doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago0.99 bp1.0 bp −$110.8 bp −$108doesn't fitdoesn't fit

PLTR on 27 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
tradeXYZ xyz:PLTR−0.0138%1h182.74−0.104%$12.0M$6.2M10xas long as short
Polymarket Perps PLTR-USD−0.0108%1h182.68−0.137%$214K$677K10xas long as short
Hotstuff PLTR-PERP−0.0024%1h182.75−0.098%$29K$10K20xas long as short
Aster PLTRUSDT0.0000%8h183.09+0.089%$60K$44K50xas long as short
Extended PLTR_24_5-USD0.0000%1h182.90−0.018%$303K$1.4M10xas long as short
Binance PLTRUSDT0.0000%8h182.95+0.011%$9.0M$30.3M20xas long as short
Bybit PLTRUSDTlong0.0000%8h182.93long leg$3.1M$2.4M25x
OKX PLTR-USDT-SWAP0.0000%8h182.94+0.005%$1.7M$2.3M20xas long as short
Gate PLTR_USDT0.0000%8h182.89−0.022%$333K$709K50xas long as short
Bitget PLTRUSDT0.0000%8h182.86−0.038%$3.4M$3.0M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PLTR0.0000%8h182.95+0.010%$739K$220Kas long as short
GRVT PLTR_USDT_Perp0.0000%8h182.96+0.016%$15K$659K10xas long as short
QFEX PLTR-USD+0.0027%1h182.930.000%$1.2M$2.3M10xas long as short
Lighter PLTRshort+0.0032%1h182.80−0.069%$184K$255K10x
Lighter RH PLTR+0.0032%1h182.85−0.043%$367K$595K10xas long as short
Injective PLTR/USDC PERP+0.0033%1h181.69−0.678%$1K$42K30xas long as short
Arcus PLTR-USD+0.0040%1h182.84−0.049%$85K$47K10xas long as short
Phoenix PLTR+0.0044%1h182.86−0.038%$30K$93K10xas long as short
Vest PLTR-USD-PERP+0.0046%1h183.01+0.044%$124K25xas long as short
SoDEX PLTR-USD+0.0050%1h182.88−0.027%$52K$3K10xas long as short
Ondo Perps PLTR-USD.P+0.0050%1h182.82−0.060%$354K$1.7M10xas long as short
Pacifica PLTR+0.0100%1h182.82−0.059%$193K$15K10xas long as short
KuCoin PLTRUSDTM+0.0100%8h182.80−0.071%$1.0M$43K20xas long as short
ApeX Omni PLTRUSDT+0.0100%1h182.92−0.005%$3K$8K50xas long as short
Aevo PLTR-PERP+0.0104%1h182.90−0.019%$9010xas long as short
BloFin PLTR-USDT+0.0120%8h182.930.000%$123K$238K20xas long as short
edgeX PLTRUSDC+0.0305%4h182.90−0.015%$42K$264K10xas long as short