Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter+0.046%7-day average +0.042% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.046%, 7d avg +0.042%

Together, before fees−0.147%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PLTR	182.93	0.0032	pay 0.0004% / 1h	49m 54s	$184K	$297K	10x
Short	Variational Omni PLTR	183.01	0	get 0.0000% / 8h	49m 54s	$700K	$199K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: −$6.72
Price spread: +0.046% → +0.042%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.33
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 19 min ago; Variational Omni: RFQ quote, 29 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 Lighter live order book, 19 min ago	0.76 bp	1.0 bp −$1	7.5 bp −$75	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 29 min ago	2.26 bp	doesn't fit	17.1 bp −$171	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
Aster PLTRUSDT	0.0000%	8h	182.89	−0.018%	$60K	$37K	50x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.04	+0.061%	$1.8M	$2.2M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.91	−0.010%	$333K	$704K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.97	+0.023%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTRshort	0.0000%	8h	183.01	+0.046%	$700K	$199K	—
GRVT PLTR_USDT_Perp	0.0000%	8h	183.25	+0.177%	$16K	$692K	10x	as long as short
tradeXYZ xyz:PLTR	+0.0008%	1h	182.86	−0.037%	$12.0M	$6.6M	10x	as long as short
Extended PLTR_24_5-USD	+0.0016%	1h	182.99	+0.035%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	+0.0018%	8h	183.03	+0.055%	$9.3M	$30.3M	20x	as long as short
Lighter PLTRlong	+0.0032%	1h	182.93	long leg	$184K	$297K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PLTR	+0.0032%	1h	182.95	+0.011%	$365K	$623K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.677%	$1K	$42K	30x	as long as short
Polymarket Perps PLTR-USD	+0.0034%	1h	182.79	−0.075%	$210K	$673K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.09	+0.089%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.97	+0.023%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.90	−0.015%	$446K	$1.5M	10x	as long as short
BloFin PLTR-USDT	+0.0079%	8h	183.07	+0.078%	$82K	$187K	20x	as long as short
QFEX PLTR-USD	+0.0080%	1h	183.00	+0.039%	$1.2M	$2.6M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.99	+0.032%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.90	−0.015%	$1.1M	$25K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.02	+0.050%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.00	+0.038%	$90	—	10x	as long as short
Phoenix PLTR	+0.0131%	1h	183.07	+0.078%	$30K	$119K	10x	as long as short
Hotstuff PLTR-PERP	+0.0160%	1h	182.87	−0.032%	$29K	$10K	20x	as long as short
Bybit PLTRUSDT	+0.0319%	8h	182.99	+0.034%	$3.0M	$2.3M	25x	as long as short
edgeX PLTRUSDC	+0.0357%	4h	183.23	+0.166%	$43K	$260K	10x	as long as short
Arcus PLTR-USD	+0.0583%	1h	183.01	+0.045%	$86K	$47K	10x	as long as short