Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.063%
Price spread now: Polymarket Perps against Phoenix+0.267%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.189%−$19 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. Polymarket Perps is 0.267% dearer against Phoenix than usual: you sell high and buy low (spread +0.267% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.189% in total) that is about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PLTR | 183.75 | 0.0087 | pay 0.0011% / 1h | 53m 31s | $30K | $93K | 10x |
| Short | Polymarket Perps PLTR-USD | 184.24 | 0.0050 | get 0.0006% / 1h | 53m 31s | $216K | $673K | 10x |
Phoenix PLTR
Polymarket Perps PLTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$7.81
- Price spread: +0.267% → 0.000%
- $26.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $3.86
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 44 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 Polymarket Perps live order book, 44 min ago | 2.46 bp | 6.5 bp −$6 | 7.2 bp −$72 | 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 | −0.0073% | 1h | 184.02 | +0.147% | $12.1M | $6.6M | 10x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 184.15 | +0.220% | $61K | $44K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 184.16 | +0.223% | $307K | $850K | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 184.25 | +0.273% | $9.1M | $31.5M | 20x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 184.32 | +0.310% | $1.8M | $2.5M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 184.17 | +0.229% | $326K | $775K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 184.22 | +0.256% | $3.4M | $3.1M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 183.83 | +0.043% | $740K | $222K | — | as long as short |
| QFEX PLTR-USD | +0.0011% | 1h | 184.23 | +0.261% | $1.2M | $2.1M | 10x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 184.07 | +0.172% | $221K | $281K | 10x | as long as short |
tradeXYZ xyz:PLTR
Aster PLTRUSDT
Extended PLTR_24_5-USD
Binance PLTRUSDT
OKX PLTR-USDT-SWAP
Gate PLTR_USDT
Bitget PLTRUSDT
Variational Omni PLTR
QFEX PLTR-USD
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 | 184.12 | +0.201% | $380K | $578K | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −1.121% | $1K | $42K | 30x | as long as short |
| Arcus PLTR-USD | +0.0040% | 1h | 184.13 | +0.207% | $85K | $49K | 10x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 184.30 | +0.299% | — | $124K | 25x | as long as short |
| Polymarket Perps PLTR-USDshort | +0.0050% | 1h | 184.24 | +0.267% | $216K | $673K | 10x | |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 184.16 | +0.223% | $297K | $1.9M | 10x | as long as short |
| edgeX PLTRUSDC | +0.0051% | 4h | 183.98 | +0.124% | $43K | $264K | 10x | as long as short |
| Phoenix PLTRlong | +0.0087% | 1h | 183.75 | long leg | $30K | $93K | 10x | |
| Pacifica PLTR | +0.0100% | 1h | 184.14 | +0.214% | $194K | $16K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 184.06 | +0.169% | $1.0M | $84K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.96 | +0.114% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.94 | +0.103% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0120% | 8h | 184.00 | +0.136% | $126K | $277K | 20x | as long as short |
| Hotstuff PLTR-PERP | +0.0128% | 1h | 183.82 | +0.038% | $29K | $10K | 20x | as long as short |
| SoDEX PLTR-USD | +0.0151% | 1h | 183.95 | +0.109% | $52K | $3K | 10x | as long as short |
| GRVT PLTR_USDT_Perp | +0.0207% | 8h | 184.11 | +0.195% | $15K | $535K | 10x | as long as short |
| Bybit PLTRUSDT | +0.0326% | 8h | 184.33 | +0.316% | $2.9M | $2.5M | 25x | as long as short |
Lighter RH PLTR
Injective PLTR/USDC PERP
Arcus PLTR-USD
Vest PLTR-USD-PERP
Ondo Perps PLTR-USD.P
edgeX PLTRUSDC
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
BloFin PLTR-USDT
Hotstuff PLTR-PERP
SoDEX PLTR-USD
GRVT PLTR_USDT_Perp
Bybit PLTRUSDT