Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.024%

Price spread now: Binance against Phoenix+0.082%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 2 days (all we have)−0.138%−$14 · spread now +0.082%, 7d avg +0.012%

Together, before fees−0.275%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.070% dearer against Phoenix than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.012%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PLTR	182.87	0.0088	pay 0.0011% / 1h	27m 11s	$30K	$119K	10x
Short	Binance PLTRUSDT	183.02	0	get 0.0000% / 8h	2h 27m	$9.3M	$30.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now +0.082%Rate

Funding earned: −$18.38
Price spread: +0.082% → +0.012%: $6.97
Slippage, 4 orders: −$19.98
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.4
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Phoenix: live order book, 54 min ago; Binance: live order book, 14 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 Phoenix live order book, 54 min ago	2.73 bp	10.5 bp −$11	21.8 bp −$218	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.27 bp	7.5 bp −$7	18.8 bp −$188	78.7 bp −$7,870	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
Polymarket Perps PLTR-USD	−0.0103%	1h	182.68	−0.104%	$210K	$675K	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.86	−0.005%	$60K	$37K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.00	+0.069%	$304K	$1.4M	10x	as long as short
Binance PLTRUSDTshort	0.0000%	8h	183.02	+0.082%	$9.3M	$30.1M	20x
OKX PLTR-USDT-SWAP	0.0000%	8h	182.98	+0.060%	$1.7M	$2.2M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.88	+0.005%	$333K	$709K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.90	+0.016%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.94	+0.037%	$635K	$136K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.95	+0.044%	$16K	$713K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.84	−0.019%	$190K	$322K	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	182.89	+0.010%	$377K	$620K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.645%	$1K	$42K	30x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.96	+0.049%	—	$123K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	182.83	−0.022%	$12.1M	$6.9M	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.96	+0.049%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.79	−0.044%	$366K	$1.3M	10x	as long as short
Hotstuff PLTR-PERP	+0.0056%	1h	182.81	−0.033%	$29K	$10K	20x	as long as short
QFEX PLTR-USD	+0.0075%	1h	182.97	+0.055%	$1.2M	$2.5M	10x	as long as short
Phoenix PLTRlong	+0.0088%	1h	182.87	long leg	$30K	$119K	10x
Pacifica PLTR	+0.0100%	1h	182.84	−0.017%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.84	−0.016%	$1.1M	$24K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.88	+0.005%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.00	+0.071%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.00	+0.071%	$125K	$188K	20x	as long as short
Bybit PLTRUSDT	+0.0229%	8h	183.04	+0.093%	$3.0M	$2.3M	25x	as long as short
Arcus PLTR-USD	+0.0416%	1h	182.96	+0.049%	$86K	$47K	10x	as long as short
edgeX PLTRUSDC	+0.0794%	4h	182.94	+0.038%	$42K	$262K	10x	as long as short