Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.019%

Price spread now: Bybit against Hotstuff+0.148%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Bybit

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.148% dearer against Hotstuff than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff PLTR-PERP	182.45	0.0040	pay 0.0005% / 1h	27m 43s	$29K	$10K	20x
Short	Bybit PLTRUSDT	182.72	0	get 0.0000% / 8h	6h 27m	$3.1M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hotstuff. 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 HotstuffbpFee BybitbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$8.4
Price spread: +0.148% → 0.000%: $14.8
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.82 bp	17.5 bp −$18	79.0 bp −$790	doesn't fit	doesn't fit

Hotstuff: 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 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	−0.0103%	1h	182.40	−0.027%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0062%	1h	182.49	+0.022%	$12.0M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.00	+0.300%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.65	+0.108%	$306K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.70	+0.136%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDTshort	0.0000%	8h	182.72	+0.148%	$3.1M	$2.4M	25x
Gate PLTR_USDT	0.0000%	8h	182.68	+0.126%	$333K	$717K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.63	+0.099%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.68	+0.124%	$738K	$219K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.72	+0.148%	$16K	$670K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PLTR-USDT-SWAP	+0.0003%	8h	182.70	+0.137%	$1.7M	$2.3M	20x	as long as short
Lighter PLTR	+0.0032%	1h	182.51	+0.035%	$184K	$264K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.52	+0.041%	$366K	$607K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.417%	$1K	$42K	30x	as long as short
Hotstuff PLTR-PERPlong	+0.0040%	1h	182.45	long leg	$29K	$10K	20x
Arcus PLTR-USD	+0.0040%	1h	182.65	+0.110%	$86K	$46K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.63	+0.099%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.69	+0.132%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.63	+0.099%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.52	+0.038%	$389K	$1.6M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	182.58	+0.071%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.63	+0.096%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.61	+0.088%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.60	+0.082%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.63	+0.098%	$89	—	10x	as long as short
edgeX PLTRUSDC	+0.0141%	4h	182.67	+0.122%	$42K	$263K	10x	as long as short