Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.021%
Price spread now: Lighter RH against Phoenix−0.072%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.072%, 7d avg −0.040%
=Together, before fees−0.024%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PLTR | 182.62 | 0.0087 | pay 0.0011% / 1h | 58m 27s | $30K | $93K | 10x |
| Short | Lighter RH PLTR | 182.49 | 0.0032 | get 0.0004% / 1h | 58m 27s | $366K | $598K | 10x |
Phoenix PLTR
Lighter RH PLTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$11.62
- Price spread: −0.072% → −0.040%
- −$3.18
- Slippage, 4 orders
- −$23.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$45.52
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 61 min ago; Lighter RH: live order book, 4 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, 61 min ago | 3.82 bp | 12.6 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.38 bp | 2.6 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
PLTR on 26 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 | −0.0171% | 1h | 182.35 | −0.148% | $214K | $677K | 10x | as long as short |
| tradeXYZ xyz:PLTR | −0.0128% | 1h | 182.44 | −0.099% | $12.0M | $6.2M | 10x | as long as short |
| Hotstuff PLTR-PERP | −0.0008% | 1h | 182.43 | −0.104% | $29K | $10K | 20x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 182.93 | +0.170% | $61K | $44K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 182.58 | −0.024% | $303K | $1.4M | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 182.62 | 0.000% | $9.0M | $30.2M | 20x | as long as short |
| Bybit PLTRUSDT | 0.0000% | 8h | 182.66 | +0.022% | $3.1M | $2.4M | 25x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 182.62 | 0.000% | $1.7M | $2.4M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 182.54 | −0.044% | $332K | $721K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 182.63 | +0.005% | $3.4M | $3.0M | 20x | as long as short |
Polymarket Perps PLTR-USD
tradeXYZ xyz:PLTR
Hotstuff PLTR-PERP
Aster PLTRUSDT
Extended PLTR_24_5-USD
Binance PLTRUSDT
Bybit PLTRUSDT
OKX PLTR-USDT-SWAP
Gate PLTR_USDT
Bitget PLTRUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PLTR | 0.0000% | 8h | 182.67 | +0.026% | $738K | $219K | — | as long as short |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 182.73 | +0.059% | $15K | $670K | 10x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 182.48 | −0.077% | $184K | $255K | 10x | as long as short |
| Lighter RH PLTRshort | +0.0032% | 1h | 182.49 | −0.072% | $366K | $598K | 10x | |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.509% | $1K | $42K | 30x | as long as short |
| Arcus PLTR-USD | +0.0040% | 1h | 182.60 | −0.011% | $86K | $47K | 10x | as long as short |
| QFEX PLTR-USD | +0.0042% | 1h | 182.61 | −0.005% | $1.2M | $2.4M | 10x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 182.69 | +0.038% | — | $124K | 25x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 182.54 | −0.044% | $52K | $3K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 182.62 | 0.000% | $391K | $1.6M | 10x | as long as short |
| Phoenix PLTRlong | +0.0087% | 1h | 182.62 | long leg | $30K | $93K | 10x | |
| Pacifica PLTR | +0.0100% | 1h | 182.59 | −0.019% | $192K | $14K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 182.58 | −0.022% | $1.1M | $28K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 182.60 | −0.011% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 182.55 | −0.038% | $89 | — | 10x | as long as short |
| edgeX PLTRUSDC | +0.0183% | 4h | 182.68 | +0.035% | $42K | $263K | 10x | as long as short |
Variational Omni PLTR
GRVT PLTR_USDT_Perp
Lighter PLTR
Injective PLTR/USDC PERP
Arcus PLTR-USD
QFEX PLTR-USD
Vest PLTR-USD-PERP
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
edgeX PLTRUSDC