Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.029%

Price spread now: Bitget against Phoenix+0.033%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.033% dearer against Phoenix than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PLTR	182.70	0.0044	pay 0.0005% / 1h	50m 46s	$30K	$93K	10x
Short	Bitget PLTRUSDT	182.76	0	get 0.0000% / 8h	4h 50m	$3.4M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$9.19
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.91
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 2 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 Phoenix no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.64 bp	13.0 bp −$13	25.0 bp −$250	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
tradeXYZ xyz:PLTR	−0.0117%	1h	182.59	−0.060%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0098%	1h	182.53	−0.093%	$214K	$677K	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.05	+0.191%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.75	+0.028%	$302K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.80	+0.055%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.82	+0.066%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.83	+0.071%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.69	−0.005%	$332K	$722K	50x	as long as short
Bitget PLTRUSDTshort	0.0000%	8h	182.76	+0.033%	$3.4M	$3.0M	20x
Variational Omni PLTR	0.0000%	8h	182.78	+0.043%	$738K	$220K	—	as long as short

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	182.84	+0.077%	$15K	$670K	10x	as long as short
Hotstuff PLTR-PERP	+0.0008%	1h	182.60	−0.055%	$29K	$10K	20x	as long as short
Lighter PLTR	+0.0032%	1h	182.67	−0.017%	$184K	$254K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.67	−0.017%	$366K	$598K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.553%	$1K	$42K	30x	as long as short
QFEX PLTR-USD	+0.0037%	1h	182.80	+0.055%	$1.2M	$2.3M	10x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.76	+0.033%	$86K	$47K	10x	as long as short
Phoenix PLTRlong	+0.0044%	1h	182.70	long leg	$30K	$93K	10x
Vest PLTR-USD-PERP	+0.0046%	1h	182.85	+0.082%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.75	+0.027%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.62	−0.044%	$384K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.74	+0.024%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.65	−0.027%	$1.0M	$39K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.74	+0.022%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.75	+0.025%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.79	+0.049%	$124K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0960%	4h	182.79	+0.050%	$42K	$262K	10x	as long as short