Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.023%

Price spread now: Bybit against Lighter RH+0.013%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.013%, 7d avg +0.066%

Together, before fees+0.082%+ Points / potential airdropLighter RH: Points live · farm board+$8 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 Bybit is 0.053% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PLTR	184.48	0.0032	pay 0.0004% / 1h	2m 12s	$378K	$589K	10x
Short	Bybit PLTRUSDT	184.50	0	get 0.0000% / 8h	7h 02m	$2.9M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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 Lighter RHbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$6.72
Price spread: +0.013% → +0.066%: −$5.26
Slippage, 4 orders: −$31.01
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.99
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 30 min ago; Bybit: live order book, 5 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 RH live order book, 30 min ago	1.96 bp	2.0 bp −$2	7.5 bp −$75	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.08 bp	21.1 bp −$21	80.8 bp −$808	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	184.35	−0.069%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.51	+0.019%	$306K	$849K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	184.57	+0.053%	$9.2M	$31.7M	20x	as long as short
Bybit PLTRUSDTshort	0.0000%	8h	184.50	+0.013%	$2.9M	$2.5M	25x
OKX PLTR-USDT-SWAP	0.0000%	8h	184.56	+0.046%	$1.8M	$2.5M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	184.51	+0.018%	$326K	$806K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.45	−0.014%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.37	−0.055%	$744K	$225K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.37	−0.059%	$15K	$522K	10x	as long as short
QFEX PLTR-USD	+0.0011%	1h	184.53	+0.029%	$1.2M	$2.1M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PLTR	+0.0032%	1h	184.39	−0.046%	$210K	$300K	10x	as long as short
Lighter RH PLTRlong	+0.0032%	1h	184.48	long leg	$378K	$589K	10x
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.510%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	184.48	+0.002%	$85K	$49K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.67	+0.105%	—	$124K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	184.41	−0.036%	$12.1M	$6.0M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	184.30	−0.095%	$219K	$662K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	184.52	+0.024%	$53K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	184.19	−0.155%	$326K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.26	−0.117%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	184.40	−0.040%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	184.33	−0.079%	$1.0M	$133K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	184.16	−0.171%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.47	−0.002%	$90	—	10x	as long as short
Hotstuff PLTR-PERP	+0.0120%	1h	184.40	−0.041%	$29K	$10K	20x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	184.48	+0.002%	$127K	$272K	20x	as long as short
edgeX PLTRUSDC	+0.0869%	4h	184.40	−0.043%	$43K	$266K	10x	as long as short