Funding you earn now, next payment 22:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Phoenix−0.036%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.036%, 7d avg −0.070%
=Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.034% dearer against Phoenix than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.070%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.065% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PLTR | 183.05 | 0.0175 | pay 0.0022% / 1h | 27m 09s | $30K | $119K | 10x |
| Short | Lighter PLTR | 182.98 | 0.0032 | get 0.0004% / 1h | 27m 09s | $190K | $300K | 10x |
Phoenix PLTR
Lighter PLTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$30.02
- Price spread: −0.036% → −0.070%
- $3.43
- Slippage, 4 orders
- −$35.09
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$68.68
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 48 min ago; Lighter: live order book, 47 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, 48 min ago | 2.73 bp | 10.3 bp −$10 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 47 min ago | 0.49 bp | 21.0 bp −$21 | 29.8 bp −$298 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PLTRUSDT | 0.0000% | 8h | 182.98 | −0.036% | $60K | $37K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 183.20 | +0.082% | $303K | $1.4M | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 183.23 | +0.100% | $9.4M | $30.3M | 20x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 183.18 | +0.071% | $1.8M | $2.3M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 183.10 | +0.027% | $333K | $718K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 183.13 | +0.044% | $3.4M | $3.2M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 183.17 | +0.067% | $636K | $135K | — | as long as short |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 183.24 | +0.103% | $16K | $692K | 10x | as long as short |
| edgeX PLTRUSDC | 0.0000% | 4h | 183.18 | +0.072% | $42K | $260K | 10x | as long as short |
| Lighter PLTRshort | +0.0032% | 1h | 182.98 | −0.036% | $190K | $300K | 10x |
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
edgeX PLTRUSDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PLTR | +0.0032% | 1h | 183.06 | +0.003% | $372K | $618K | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.743% | $1K | $42K | 30x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 183.13 | +0.044% | — | $124K | 25x | as long as short |
| Hotstuff PLTR-PERP | +0.0048% | 1h | 182.98 | −0.038% | $29K | $10K | 20x | as long as short |
| tradeXYZ xyz:PLTR | +0.0050% | 1h | 182.99 | −0.033% | $12.1M | $6.7M | 10x | as long as short |
| Polymarket Perps PLTR-USD | +0.0050% | 1h | 182.88 | −0.093% | $210K | $674K | 10x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 183.15 | +0.055% | $52K | $4K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 183.00 | −0.027% | $396K | $1.4M | 10x | as long as short |
| QFEX PLTR-USD | +0.0080% | 1h | 183.20 | +0.082% | $1.2M | $2.6M | 10x | as long as short |
| Pacifica PLTR | +0.0100% | 1h | 182.99 | −0.030% | $193K | $13K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 182.99 | −0.033% | $1.1M | $24K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.01 | −0.022% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.19 | +0.076% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0120% | 8h | 183.20 | +0.082% | $125K | $187K | 20x | as long as short |
| Phoenix PLTRlong | +0.0175% | 1h | 183.05 | long leg | $30K | $119K | 10x | |
| Bybit PLTRUSDT | +0.0330% | 8h | 183.23 | +0.098% | $3.0M | $2.3M | 25x | as long as short |
| Arcus PLTR-USD | +0.0571% | 1h | 183.15 | +0.055% | $86K | $47K | 10x | as long as short |
Lighter RH PLTR
Injective PLTR/USDC PERP
Vest PLTR-USD-PERP
Hotstuff PLTR-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
Bybit PLTRUSDT
Arcus PLTR-USD