Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against GRVT−0.131%49s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as 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−$260.261% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.131%, 7d avg −0.034%

Together, before fees+0.461%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.097% cheaper against GRVT than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.034%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day). The two prices were read 49 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	GRVT PLTR_USDT_Perp	182.73	0	get 0.0000% / 8h	5h 58m	$15K	$670K	10x
Short	Lighter RH PLTR	182.49	0.0032	get 0.0004% / 1h	58m 45s	$366K	$598K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against GRVT. 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 GRVTbpFee Lighter RHbpOrdersPrice spread, now −0.131%Rate

Funding earned: $6.72
Price spread: −0.131% → −0.034%: −$9.74
Slippage, 4 orders: −$17.06
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$29.08
Costs to cover: 0.261%
Break-even: 37.3 days

Slippage from GRVT: live order book, 4 min ago; Lighter RH: live order book, 4 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 GRVT live order book, 4 min ago	0.55 bp	10.7 bp −$11	23.1 bp −$231	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.38 bp	2.6 bp −$3	6.6 bp −$66	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	−0.0188%	1h	182.34	−0.212%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0132%	1h	182.43	−0.163%	$12.0M	$6.2M	10x	as long as short
Hotstuff PLTR-PERP	−0.0008%	1h	182.43	−0.163%	$29K	$10K	20x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.92	+0.107%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.57	−0.088%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.62	−0.059%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.66	−0.037%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.62	−0.059%	$1.7M	$2.4M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.54	−0.103%	$332K	$721K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.63	−0.054%	$3.4M	$3.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PLTR	0.0000%	8h	182.67	−0.033%	$738K	$219K	—	as long as short
GRVT PLTR_USDT_Perplong	0.0000%	8h	182.73	long leg	$15K	$670K	10x
Lighter PLTR	+0.0032%	1h	182.48	−0.136%	$184K	$255K	10x	as long as short
Lighter RH PLTRshort	+0.0032%	1h	182.49	−0.131%	$366K	$598K	10x
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.568%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.61	−0.065%	$86K	$47K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.60	−0.070%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.67	−0.032%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.54	−0.103%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.62	−0.059%	$391K	$1.6M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	182.62	−0.059%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.61	−0.064%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.57	−0.087%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.60	−0.070%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.55	−0.097%	$89	—	10x	as long as short
edgeX PLTRUSDC	+0.0183%	4h	182.68	−0.024%	$42K	$263K	10x	as long as short