Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.046%

Price spread now: KuCoin against Polymarket Perps+0.098%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2662.657% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.098%, 7d avg +0.055%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PLTR-USD	182.90	0.0047	pay 0.0006% / 1h	6m 31s	$210K	$673K	10x
Short	KuCoin PLTRUSDTM	183.08	0.0100	get 0.0100% / 8h	1h 06m	$1.1M	$24K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $11.05
Price spread: +0.098% → +0.055%: $4.3
Slippage, 4 orders: −$245.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.38
Costs to cover: 2.657%
Break-even: 165.6 days

Slippage from Polymarket Perps: live order book, 11 min ago; KuCoin: live order book, 3 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 Polymarket Perps live order book, 11 min ago	2.46 bp	6.5 bp −$6	7.3 bp −$73	12.3 bp −$1,229	doesn't fit
Sell KuCoin live order book, 3 min ago	12.58 bp	72.6 bp −$73	doesn't fit	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	183.01	+0.061%	$60K	$37K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.23	+0.179%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.27	+0.202%	$9.4M	$30.2M	20x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.21	+0.169%	$1.8M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.10	+0.109%	$333K	$720K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.16	+0.142%	$3.4M	$3.2M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	183.20	+0.161%	$636K	$135K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	183.24	+0.186%	$16K	$692K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.99	+0.051%	$190K	$301K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.09	+0.103%	$372K	$618K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.662%	$1K	$42K	30x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.16	+0.142%	—	$124K	25x	as long as short
Polymarket Perps PLTR-USDlong	+0.0047%	1h	182.90	long leg	$210K	$673K	10x
tradeXYZ xyz:PLTR	+0.0050%	1h	182.98	+0.044%	$12.1M	$6.6M	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.14	+0.131%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.97	+0.038%	$399K	$1.4M	10x	as long as short
Hotstuff PLTR-PERP	+0.0072%	1h	182.98	+0.044%	$29K	$10K	20x	as long as short
QFEX PLTR-USD	+0.0080%	1h	183.18	+0.153%	$1.2M	$2.6M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.05	+0.082%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTMshort	+0.0100%	8h	183.08	+0.098%	$1.1M	$24K	20x
ApeX Omni PLTRUSDT	+0.0100%	1h	183.06	+0.087%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.20	+0.163%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.21	+0.169%	$125K	$187K	20x	as long as short
Phoenix PLTR	+0.0175%	1h	183.06	+0.087%	$30K	$119K	10x	as long as short
Bybit PLTRUSDT	+0.0325%	8h	183.27	+0.202%	$3.0M	$2.3M	25x	as long as short
Arcus PLTR-USD	+0.0571%	1h	183.17	+0.148%	$86K	$47K	10x	as long as short
edgeX PLTRUSDC	+0.0916%	4h	183.20	+0.164%	$42K	$260K	10x	as long as short