Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.003%

Price spread now: tradeXYZ against GRVT−0.126%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.126%, 7d avg −0.068%

Together, before fees+0.095%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.057% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PLTR_USDT_Perp	183.01	0	get 0.0000% / 8h	2h 47m	$15K	$659K	10x
Short	tradeXYZ xyz:PLTR	182.78	−0.0064	pay 0.0008% / 1h	47m 34s	$12.1M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$13.45
Price spread: −0.126% → −0.068%: −$5.72
Slippage, 4 orders: −$15.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$61.38
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from GRVT: live order book, 65 min ago; tradeXYZ: live order book, 11 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, 65 min ago	0.55 bp	11.0 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.27 bp	11.0 bp −$11	13.7 bp −$137	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
Polymarket Perps PLTR-USD	−0.0066%	1h	182.71	−0.164%	$215K	$677K	10x	as long as short
tradeXYZ xyz:PLTRshort	−0.0064%	1h	182.78	−0.126%	$12.1M	$6.3M	10x
Aster PLTRUSDT	0.0000%	8h	183.04	+0.018%	$60K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.92	−0.049%	$303K	$1.8M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.97	−0.022%	$9.0M	$30.4M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	183.04	+0.016%	$3.0M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.97	−0.022%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.93	−0.044%	$340K	$724K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.90	−0.060%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.95	−0.031%	$735K	$223K	—	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_Perplong	0.0000%	8h	183.01	long leg	$15K	$659K	10x
Phoenix PLTR	0.0000%	1h	182.91	−0.055%	$30K	$93K	10x	as long as short
QFEX PLTR-USD	+0.0025%	1h	182.96	−0.027%	$1.2M	$2.2M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.79	−0.120%	$184K	$253K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.81	−0.109%	$364K	$594K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.721%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.90	−0.060%	$86K	$47K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.03	+0.011%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	182.77	−0.131%	$29K	$10K	20x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.91	−0.055%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.82	−0.104%	$358K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.88	−0.073%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.90	−0.060%	$1.0M	$48K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.93	−0.044%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.90	−0.062%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.00	−0.005%	$124K	$243K	20x	as long as short
edgeX PLTRUSDC	+0.0169%	4h	182.93	−0.046%	$42K	$264K	10x	as long as short