Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.005%

Price spread now: OKX against Lighter+0.059%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.059%, 7d avg +0.104%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.044% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.104%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PLTR	182.76	0.0032	pay 0.0004% / 1h	20m 00s	$184K	$254K	10x
Short	OKX PLTR-USDT-SWAP	182.87	0	get 0.0000% / 8h	4h 20m	$1.7M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$6.72
Price spread: +0.059% → +0.104%: −$4.44
Slippage, 4 orders: −$18.02
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.18
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Lighter: live order book, 20 min ago; OKX: live order book, 2 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 Lighter live order book, 20 min ago	1.23 bp	9.6 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.82 bp	7.4 bp −$7	27.3 bp −$273	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
tradeXYZ xyz:PLTR	−0.0126%	1h	182.71	−0.028%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0119%	1h	182.64	−0.067%	$214K	$677K	10x	as long as short
Hotstuff PLTR-PERP	−0.0024%	1h	182.70	−0.034%	$29K	$10K	20x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.22	+0.250%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.87	+0.060%	$304K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.91	+0.081%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.89	+0.070%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAPshort	0.0000%	8h	182.87	+0.059%	$1.7M	$2.3M	20x
Gate PLTR_USDT	0.0000%	8h	182.77	+0.004%	$332K	$726K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.72	−0.023%	$3.4M	$3.0M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PLTR	0.0000%	8h	182.87	+0.060%	$739K	$220K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.88	+0.065%	$15K	$670K	10x	as long as short
Lighter PLTRlong	+0.0032%	1h	182.76	long leg	$184K	$254K	10x
Lighter RH PLTR	+0.0032%	1h	182.79	+0.018%	$367K	$598K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.587%	$1K	$42K	30x	as long as short
QFEX PLTR-USD	+0.0037%	1h	182.89	+0.070%	$1.2M	$2.3M	10x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.80	+0.021%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.81	+0.026%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.98	+0.119%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.85	+0.048%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.72	−0.023%	$376K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.79	+0.013%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.71	−0.028%	$1.0M	$40K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.75	−0.007%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.89	+0.068%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.90	+0.076%	$123K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0424%	4h	182.83	+0.036%	$42K	$263K	10x	as long as short