Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.017%

Price spread now: SoDEX against Bybit−0.038%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PLTRUSDT	183.53	0	get 0.0000% / 8h	18m 12s	$2.9M	$2.5M	25x
Short	SoDEX PLTR-USD	183.46	0.0050	get 0.0006% / 1h	18m 12s	$52K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee BybitbpFee SoDEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.5
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.31
Costs to cover: 0.190%
Break-even: 15.2 days

Slippage unknown: Bybit: live order book, 4 min ago; SoDEX: no order-book sample. 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 Bybit live order book, 4 min ago	0.82 bp	14.3 bp −$14	78.5 bp −$785	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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
Polymarket Perps PLTR-USD	−0.0197%	1h	183.23	−0.163%	$215K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0038%	1h	183.40	−0.071%	$12.1M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.65	+0.066%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.46	−0.036%	$303K	$849K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.51	−0.011%	$9.0M	$30.9M	20x	as long as short
Bybit PLTRUSDTlong	0.0000%	8h	183.53	long leg	$2.9M	$2.5M	25x
OKX PLTR-USDT-SWAP	0.0000%	8h	183.51	−0.011%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.43	−0.054%	$325K	$802K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.44	−0.049%	$3.3M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	183.46	−0.037%	$739K	$225K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	183.48	−0.025%	$15K	$639K	10x	as long as short
Lighter PLTR	+0.0032%	1h	183.35	−0.100%	$203K	$269K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.43	−0.054%	$381K	$609K	10x	as long as short
QFEX PLTR-USD	+0.0032%	1h	183.47	−0.033%	$1.2M	$2.1M	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.003%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	183.41	−0.065%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	183.46	−0.038%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.67	+0.076%	—	$124K	25x	as long as short
SoDEX PLTR-USDshort	+0.0050%	1h	183.46	−0.038%	$52K	$3K	10x
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.41	−0.065%	$325K	$1.8M	10x	as long as short
Hotstuff PLTR-PERP	+0.0056%	1h	183.36	−0.093%	$29K	$10K	20x	as long as short
Pacifica PLTR	+0.0100%	1h	183.42	−0.062%	$193K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.35	−0.098%	$1.0M	$63K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.46	−0.038%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.47	−0.031%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.53	0.000%	$125K	$274K	20x	as long as short
edgeX PLTRUSDC	+0.0463%	4h	183.45	−0.043%	$42K	$265K	10x	as long as short