Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter RH−0.070%7-day average +0.017% · you buy dearer than you sell

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.070%, 7d avg +0.017%

Together, before fees−0.175%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$18 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 Variational Omni is 0.087% cheaper against Lighter RH than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PLTR	183.85	0.0032	pay 0.0004% / 1h	38m 25s	$378K	$580K	10x
Short	Variational Omni PLTR	183.72	0	get 0.0000% / 8h	7h 38m	$741K	$223K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.070%Rate

Funding earned: −$6.72
Price spread: −0.070% → +0.017%: −$8.66
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.38
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 59 min ago; Variational Omni: RFQ quote, 61 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 RH live order book, 59 min ago	1.72 bp	1.9 bp −$2	6.2 bp −$62	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	2.26 bp	doesn't fit	26.6 bp −$266	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
Hotstuff PLTR-PERP	−0.0192%	1h	183.71	−0.078%	$29K	$10K	20x	as long as short
tradeXYZ xyz:PLTR	−0.0002%	1h	183.94	+0.047%	$12.1M	$6.6M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	184.08	+0.123%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.01	+0.086%	$307K	$847K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	184.05	+0.108%	$9.1M	$31.7M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	184.06	+0.113%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	184.12	+0.145%	$1.8M	$2.5M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.90	+0.026%	$325K	$789K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.08	+0.123%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTRshort	0.0000%	8h	183.72	−0.070%	$741K	$223K	—

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	183.90	+0.026%	$15K	$521K	10x	as long as short
QFEX PLTR-USD	+0.0011%	1h	184.00	+0.080%	$1.2M	$2.1M	10x	as long as short
Lighter PLTR	+0.0032%	1h	183.79	−0.036%	$221K	$282K	10x	as long as short
Lighter RH PLTRlong	+0.0032%	1h	183.85	long leg	$378K	$580K	10x
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.176%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	183.96	+0.058%	$84K	$49K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.11	+0.140%	—	$124K	25x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	183.76	−0.051%	$216K	$666K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.85	−0.002%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.82	−0.018%	$310K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	183.82	−0.018%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.83	−0.014%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.88	+0.015%	$1.0M	$92K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.81	−0.023%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.00	+0.082%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.88	+0.015%	$127K	$277K	20x	as long as short
edgeX PLTRUSDC	+0.0280%	4h	183.74	−0.060%	$42K	$264K	10x	as long as short