Funding you earn now, next payment 22:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.001%
Price spread now: Bybit against Phoenix+0.071%85s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.071%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.047% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PLTR | 183.08 | 0.0175 | pay 0.0022% / 1h | 36m 05s | $30K | $119K | 10x |
| Short | Bybit PLTRUSDT | 183.21 | 0.0326 | get 0.0326% / 8h | 1h 36m | $3.0M | $2.3M | 25x |
Phoenix PLTR
Bybit PLTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.7
- Price spread: +0.071% → +0.024%
- $4.66
- Slippage, 4 orders
- −$31.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$13
- Costs to cover
- 0.494%
- Break-even
- 9.9 days
Slippage from Phoenix: live order book, 39 min ago; Bybit: live order book, 1 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, 39 min ago | 2.73 bp | 10.3 bp −$10 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.09 bp | 14.5 bp −$15 | 67.3 bp −$673 | 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 | −0.0008% | 1h | 182.97 | −0.060% | $29K | $10K | 20x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 182.96 | −0.065% | $60K | $37K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 183.19 | +0.060% | $303K | $1.4M | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 183.20 | +0.068% | $9.4M | $30.4M | 20x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 183.19 | +0.060% | $1.8M | $2.3M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 183.13 | +0.027% | $333K | $716K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 183.12 | +0.022% | $3.4M | $3.3M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 183.17 | +0.049% | $636K | $136K | — | as long as short |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 183.22 | +0.074% | $16K | $692K | 10x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 182.96 | −0.066% | $190K | $300K | 10x | as long as short |
Hotstuff PLTR-PERP
Aster PLTRUSDT
Extended PLTR_24_5-USD
Binance PLTRUSDT
OKX PLTR-USDT-SWAP
Gate PLTR_USDT
Bitget PLTRUSDT
Variational Omni PLTR
GRVT PLTR_USDT_Perp
Lighter PLTRShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PLTR | +0.0032% | 1h | 183.05 | −0.016% | $374K | $615K | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.759% | $1K | $42K | 30x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 183.14 | +0.033% | — | $124K | 25x | as long as short |
| tradeXYZ xyz:PLTR | +0.0050% | 1h | 182.96 | −0.066% | $12.1M | $6.7M | 10x | as long as short |
| Polymarket Perps PLTR-USD | +0.0050% | 1h | 182.87 | −0.115% | $210K | $675K | 10x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 183.13 | +0.027% | $52K | $4K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 183.00 | −0.044% | $396K | $1.4M | 10x | as long as short |
| QFEX PLTR-USD | +0.0080% | 1h | 183.15 | +0.038% | $1.2M | $2.5M | 10x | as long as short |
| Pacifica PLTR | +0.0100% | 1h | 183.10 | +0.011% | $193K | $13K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 182.96 | −0.066% | $1.1M | $24K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.05 | −0.016% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.20 | +0.065% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0120% | 8h | 183.27 | +0.104% | $125K | $187K | 20x | as long as short |
| Phoenix PLTRlong | +0.0175% | 1h | 183.08 | long leg | $30K | $119K | 10x | |
| Bybit PLTRUSDTshort | +0.0326% | 8h | 183.21 | +0.071% | $3.0M | $2.3M | 25x | |
| Arcus PLTR-USD | +0.0571% | 1h | 183.13 | +0.027% | $86K | $47K | 10x | as long as short |
| edgeX PLTRUSDC | +0.0631% | 4h | 183.17 | +0.051% | $42K | $261K | 10x | as long as short |
Lighter RH PLTR
Injective PLTR/USDC PERP
Vest PLTR-USD-PERP
tradeXYZ xyz:PLTR
Polymarket Perps PLTR-USD
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
QFEX PLTR-USD
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
BloFin PLTR-USDT
Arcus PLTR-USD
edgeX PLTRUSDC