Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.007%

Price spread now: QFEX against OKX+0.027%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.027%, 7d avg −0.073%

Together, before fees−0.055%−$5 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 OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PLTR-USDT-SWAP	184.33	0	get 0.0000% / 8h	6h 54m	$1.8M	$2.5M	20x
Short	QFEX PLTR-USD	184.38	0.0039	get 0.0005% / 1h	54m 59s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $8.13
Price spread: +0.027% → −0.073%: $10
Slippage, 4 orders: −$11.9
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$13.76
Costs to cover: 0.319%
Break-even: 18.8 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 2 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 OKX live order book, 2 min ago	2.17 bp	10.2 bp −$10	22.9 bp −$229	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	0.81 bp	5.8 bp −$6	6.8 bp −$68	16.1 bp −$1,611	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	184.39	+0.033%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.30	−0.014%	$305K	$852K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	184.36	+0.016%	$9.2M	$31.9M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	184.32	−0.005%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAPlong	0.0000%	8h	184.33	long leg	$1.8M	$2.5M	20x
Gate PLTR_USDT	0.0000%	8h	184.34	+0.005%	$326K	$762K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.30	−0.016%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.57	+0.132%	$745K	$225K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.56	+0.127%	$14K	$522K	10x	as long as short
Lighter PLTR	+0.0032%	1h	184.20	−0.071%	$211K	$296K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PLTR	+0.0032%	1h	184.28	−0.026%	$379K	$579K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.432%	$1K	$42K	30x	as long as short
QFEX PLTR-USDshort	+0.0039%	1h	184.38	+0.027%	$1.2M	$2.1M	10x
Vest PLTR-USD-PERP	+0.0046%	1h	184.59	+0.141%	—	$123K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	184.22	−0.060%	$12.1M	$6.0M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	184.14	−0.103%	$219K	$660K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	184.31	−0.011%	$53K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	184.45	+0.065%	$326K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.52	+0.103%	$30K	$95K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	184.35	+0.013%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	184.32	−0.005%	$1.0M	$142K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	184.41	+0.043%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.30	−0.014%	$90	—	10x	as long as short
Hotstuff PLTR-PERP	+0.0120%	1h	184.35	+0.011%	$29K	$10K	20x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	184.44	+0.060%	$128K	$265K	20x	as long as short
Arcus PLTR-USD	+0.0173%	1h	184.35	+0.011%	$85K	$49K	10x	as long as short
edgeX PLTRUSDC	+0.0878%	4h	184.48	+0.082%	$43K	$264K	10x	as long as short