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

PLTR

RWAall PLTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.7% APRnext payment $0.18 per $10,000 · paid last 24h −0.036%
Price spread now: Polymarket Perps against Lighter RH−0.104%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.182% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.113%−$11 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.104%, 7d avg −0.065%
Together, before fees−0.078%+ 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 −$4 a day on $10k at the current rate, and Polymarket Perps is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH PLTR182.980.0032pay 0.0004% / 1h25m 53s$364K$599K10x
ShortPolymarket Perps PLTR-USD182.79−0.0112pay 0.0014% / 1h25m 53s$215K$677K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$30.19
Price spread: −0.104% → −0.065%
−$3.9
Slippage, 4 orders
−$10.18
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$52.27
Costs to cover
0.182%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 27 min ago; Polymarket Perps: live order book, 27 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 RH live order book, 27 min ago3.12 bp3.2 bp −$39.0 bp −$90doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 27 min ago1.64 bp6.1 bp −$68.3 bp −$8314.6 bp −$1,457doesn'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
tradeXYZ xyz:PLTR−0.0138%1h182.88−0.055%$12.1M$6.3M10xas long as short
Polymarket Perps PLTR-USDshort−0.0112%1h182.79−0.104%$215K$677K10x
Hotstuff PLTR-PERP−0.0024%1h182.88−0.055%$29K$10K20xas long as short
Aster PLTRUSDT0.0000%8h183.15+0.093%$60K$44K50xas long as short
Extended PLTR_24_5-USD0.0000%1h183.00+0.011%$304K$1.4M10xas long as short
Binance PLTRUSDT0.0000%8h183.05+0.039%$9.0M$30.3M20xas long as short
Bybit PLTRUSDT0.0000%8h183.09+0.060%$3.1M$2.4M25xas long as short
OKX PLTR-USDT-SWAP0.0000%8h183.01+0.016%$1.7M$2.3M20xas long as short
Gate PLTR_USDT0.0000%8h183.03+0.027%$336K$714K50xas long as short
Bitget PLTRUSDT0.0000%8h182.98−0.001%$3.4M$3.0M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PLTR0.0000%8h183.02+0.019%$735K$224Kas long as short
GRVT PLTR_USDT_Perp0.0000%8h182.91−0.039%$15K$659K10xas long as short
QFEX PLTR-USD+0.0027%1h183.00+0.010%$1.2M$2.3M10xas long as short
Lighter PLTR+0.0032%1h182.95−0.016%$184K$255K10xas long as short
Lighter RH PLTRlong+0.0032%1h182.98long leg$364K$599K10x
Injective PLTR/USDC PERP+0.0033%1h181.69−0.706%$1K$42K30xas long as short
Arcus PLTR-USD+0.0040%1h182.92−0.033%$86K$47K10xas long as short
Phoenix PLTR+0.0044%1h182.86−0.066%$30K$93K10xas long as short
Vest PLTR-USD-PERP+0.0046%1h183.13+0.081%$124K25xas long as short
SoDEX PLTR-USD+0.0050%1h182.97−0.006%$52K$3K10xas long as short
Ondo Perps PLTR-USD.P+0.0050%1h182.94−0.022%$354K$1.7M10xas long as short
Pacifica PLTR+0.0100%1h182.94−0.024%$193K$15K10xas long as short
KuCoin PLTRUSDTM+0.0100%8h182.89−0.050%$1.0M$43K20xas long as short
ApeX Omni PLTRUSDT+0.0100%1h182.92−0.033%$3K$8K50xas long as short
Aevo PLTR-PERP+0.0104%1h183.04+0.030%$9010xas long as short
BloFin PLTR-USDT+0.0120%8h182.99+0.005%$123K$238K20xas long as short
edgeX PLTRUSDC+0.0889%4h182.92−0.033%$42K$265K10xas long as short