Settings8H · net · $10k
Funding arb · Price arb /

PLTR

RWAall PLTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h −0.009%
Price spread now: QFEX against Lighter+0.153%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$350.353% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.032%−$3 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now +0.153%, 7d avg +0.053%
Together, before fees−0.032%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.100% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PLTR182.790.0032pay 0.0004% / 1h8m 02s$190K$323K10x
ShortQFEX PLTR-USD183.070.0075get 0.0009% / 1h8m 02s$1.2M$2.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
$9.06
Price spread: +0.153% → +0.053%
$10
Slippage, 4 orders
−$25.27
Fee Lighter: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$16.21
Costs to cover
0.353%
Break-even
19.5 days
Slippage from Lighter: live order book, 6 min ago; QFEX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago0.49 bp0.5 bp −$123.2 bp −$232doesn't fitdoesn't fit
Sell QFEX live order book, 4 min ago1.37 bp6.6 bp −$79.2 bp −$92doesn't fitdoesn't fit

PLTR on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff PLTR-PERP−0.0168%1h182.87+0.044%$29K$10K20xas long as short
Polymarket Perps PLTR-USD−0.0018%1h182.77−0.011%$210K$676K10xas long as short
Aster PLTRUSDT0.0000%8h182.85+0.030%$60K$37K50xas long as short
Extended PLTR_24_5-USD0.0000%1h183.07+0.154%$303K$1.4M10xas long as short
Binance PLTRUSDT0.0000%8h183.10+0.167%$9.3M$30.1M20xas long as short
OKX PLTR-USDT-SWAP0.0000%8h183.05+0.142%$1.7M$2.2M20xas long as short
Gate PLTR_USDT0.0000%8h182.99+0.109%$333K$711K50xas long as short
Bitget PLTRUSDT0.0000%8h182.97+0.098%$3.4M$3.3M20xas long as short
Variational Omni PLTR0.0000%8h183.11+0.176%$635K$136Kas long as short
GRVT PLTR_USDT_Perp0.0000%8h183.12+0.181%$16K$705K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PLTRlong+0.0032%1h182.79long leg$190K$323K10x
Lighter RH PLTR+0.0032%1h182.90+0.061%$377K$620K10xas long as short
Injective PLTR/USDC PERP+0.0033%1h181.69−0.602%$1K$42K30xas long as short
Vest PLTR-USD-PERP+0.0046%1h183.00+0.115%$123K25xas long as short
tradeXYZ xyz:PLTR+0.0050%1h182.87+0.044%$12.1M$6.8M10xas long as short
SoDEX PLTR-USD+0.0050%1h182.97+0.098%$52K$4K10xas long as short
Ondo Perps PLTR-USD.P+0.0050%1h182.91+0.066%$367K$1.3M10xas long as short
QFEX PLTR-USDshort+0.0075%1h183.07+0.153%$1.2M$2.5M10x
Phoenix PLTR+0.0088%1h182.92+0.071%$30K$119K10xas long as short
Pacifica PLTR+0.0100%1h182.86+0.036%$193K$13K10xas long as short
KuCoin PLTRUSDTM+0.0100%8h182.85+0.033%$1.1M$24K20xas long as short
ApeX Omni PLTRUSDT+0.0100%1h182.86+0.038%$3K$8K50xas long as short
Aevo PLTR-PERP+0.0104%1h183.06+0.146%$9010xas long as short
BloFin PLTR-USDT+0.0120%8h183.12+0.181%$125K$188K20xas long as short
edgeX PLTRUSDC+0.0146%4h183.11+0.176%$42K$260K10xas long as short
Bybit PLTRUSDT+0.0286%8h183.14+0.191%$3.0M$2.3M25xas long as short
Arcus PLTR-USD+0.0416%1h183.04+0.137%$86K$47K10xas long as short