Funding arb · Price arb /

PLTR

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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: Aster against Lighter+0.270%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.270% dearer against Lighter than usual: you sell high and buy low (spread +0.270% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PLTR	182.41	0.0032	pay 0.0004% / 1h	38m 52s	$184K	$255K	10x
Short	Aster PLTRUSDT	182.91	0	get 0.0000% / 8h	5h 38m	$61K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.270%Rate

Funding earned: −$6.72
Price spread: +0.270% → 0.000%: $26.98
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $12.26
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Aster: 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 Lighter live order book, 7 min ago	0.88 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
tradeXYZ xyz:PLTR	−0.0083%	1h	182.38	−0.019%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0082%	1h	182.33	−0.047%	$214K	$677K	10x	as long as short
Aster PLTRUSDTshort	0.0000%	8h	182.91	+0.270%	$61K	$44K	50x
Extended PLTR_24_5-USD	0.0000%	1h	182.56	+0.079%	$306K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.61	+0.107%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.58	+0.090%	$3.0M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.59	+0.096%	$1.7M	$2.4M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.52	+0.058%	$332K	$725K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.53	+0.063%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.57	+0.087%	$737K	$219K	—	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	182.57	+0.085%	$15K	$670K	10x	as long as short
QFEX PLTR-USD	+0.0026%	1h	182.57	+0.085%	$1.2M	$2.4M	10x	as long as short
Lighter PLTRlong	+0.0032%	1h	182.41	long leg	$184K	$255K	10x
Lighter RH PLTR	+0.0032%	1h	182.46	+0.025%	$366K	$598K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.397%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.51	+0.052%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.51	+0.052%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.60	+0.101%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.53	+0.063%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.45	+0.019%	$364K	$1.6M	10x	as long as short
Hotstuff PLTR-PERP	+0.0064%	1h	182.39	−0.014%	$29K	$10K	20x	as long as short
edgeX PLTRUSDC	+0.0094%	4h	182.56	+0.080%	$42K	$262K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.49	+0.043%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.40	−0.008%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.45	+0.019%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.55	+0.072%	$89	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.55	+0.074%	$123K	$238K	20x	as long as short