Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Hotstuff+0.147%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.147% dearer against Hotstuff than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff PLTR-PERP	182.94	0.0216	pay 0.0027% / 1h	52m 50s	$29K	$10K	20x
Short	Variational Omni PLTR	183.21	0	get 0.0000% / 8h	52m 50s	$636K	$135K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.147%Rate

Funding earned: −$45.36
Price spread: +0.147% → 0.000%: $14.67
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.69
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 26 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 Variational Omni RFQ quote, 26 min ago	2.26 bp	doesn't fit	17.1 bp −$171	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 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
Aster PLTRUSDT	0.0000%	8h	182.95	+0.003%	$60K	$37K	50x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.09	+0.082%	$1.8M	$2.2M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.96	+0.011%	$333K	$702K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.98	+0.022%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTRshort	0.0000%	8h	183.21	+0.147%	$636K	$135K	—
GRVT PLTR_USDT_Perp	0.0000%	8h	183.25	+0.170%	$16K	$692K	10x	as long as short
Binance PLTRUSDT	+0.0023%	8h	183.01	+0.036%	$9.3M	$30.3M	20x	as long as short
Extended PLTR_24_5-USD	+0.0024%	1h	182.98	+0.022%	$303K	$1.4M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.94	+0.003%	$184K	$296K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.96	+0.011%	$365K	$623K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.683%	$1K	$42K	30x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.10	+0.087%	—	$124K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	182.92	−0.011%	$12.0M	$6.6M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	182.85	−0.049%	$210K	$673K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.98	+0.022%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.93	−0.005%	$407K	$1.4M	10x	as long as short
QFEX PLTR-USD	+0.0080%	1h	183.03	+0.049%	$1.2M	$2.6M	10x	as long as short
BloFin PLTR-USDT	+0.0091%	8h	183.20	+0.142%	$82K	$187K	20x	as long as short
Pacifica PLTR	+0.0100%	1h	183.02	+0.046%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.97	+0.016%	$1.1M	$25K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.97	+0.016%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.03	+0.047%	$90	—	10x	as long as short
Phoenix PLTR	+0.0131%	1h	183.07	+0.071%	$30K	$119K	10x	as long as short
Hotstuff PLTR-PERPlong	+0.0216%	1h	182.94	long leg	$29K	$10K	20x
Bybit PLTRUSDT	+0.0328%	8h	183.03	+0.049%	$3.0M	$2.3M	25x	as long as short
edgeX PLTRUSDC	+0.0357%	4h	183.23	+0.160%	$43K	$260K	10x	as long as short
Arcus PLTR-USD	+0.0583%	1h	183.04	+0.055%	$86K	$47K	10x	as long as short