Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.007%

Price spread now: Binance against QFEX+0.060%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 2 days (all we have)−0.053%−$5 · spread now +0.060%, 7d avg +0.012%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.048% dearer against QFEX than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.012%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 3 days (−0.006% in total) that is about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX PLTR-USD	183.49	0.0062	pay 0.0008% / 1h	56m 53s	$1.2M	$2.6M	10x
Short	Binance PLTRUSDT	183.60	0.0034	get 0.0034% / 8h	7h 56m	$9.3M	$29.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$5.84
Price spread: +0.060% → +0.012%: $4.83
Slippage, 4 orders: −$9.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.35
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 14 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 QFEX live order book, 5 min ago	1.64 bp	6.6 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.82 bp	8.0 bp −$8	18.9 bp −$189	82.5 bp −$8,251	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	183.42	−0.039%	$60K	$37K	50x	as long as short
Bybit PLTRUSDT	0.0000%	8h	183.53	+0.022%	$3.1M	$2.3M	25x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.45	−0.022%	$334K	$695K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.53	+0.022%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	183.14	−0.191%	$736K	$217K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	183.17	−0.174%	$16K	$681K	10x	as long as short
Lighter PLTR	+0.0032%	1h	183.42	−0.039%	$185K	$258K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.43	−0.034%	$365K	$606K	10x	as long as short
Extended PLTR_24_5-USD	+0.0032%	1h	183.56	+0.040%	$303K	$1.4M	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.981%	$1K	$42K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PLTRUSDTshort	+0.0034%	8h	183.60	+0.060%	$9.3M	$29.8M	20x
Vest PLTR-USD-PERP	+0.0046%	1h	183.53	+0.022%	—	$124K	25x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	183.05	−0.240%	$211K	$673K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.14	−0.191%	$479K	$1.5M	10x	as long as short
OKX PLTR-USDT-SWAP	+0.0051%	8h	183.62	+0.071%	$1.8M	$2.2M	20x	as long as short
edgeX PLTRUSDC	+0.0055%	4h	183.18	−0.166%	$42K	$263K	10x	as long as short
QFEX PLTR-USDlong	+0.0062%	1h	183.49	long leg	$1.2M	$2.6M	10x
Pacifica PLTR	+0.0100%	1h	183.07	−0.228%	$193K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.38	−0.060%	$1.1M	$24K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.06	−0.234%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.42	−0.040%	$90	—	10x	as long as short
SoDEX PLTR-USD	+0.0114%	1h	183.43	−0.033%	$52K	$3K	10x	as long as short
Phoenix PLTR	+0.0131%	1h	183.23	−0.142%	$30K	$107K	10x	as long as short
BloFin PLTR-USDT	+0.0137%	8h	183.51	+0.011%	$125K	$185K	20x	as long as short
tradeXYZ xyz:PLTR	+0.0254%	1h	183.14	−0.191%	$12.0M	$6.4M	10x	as long as short
Hotstuff PLTR-PERP	+0.0312%	1h	183.04	−0.245%	$29K	$10K	20x	as long as short
Arcus PLTR-USD	+0.0599%	1h	183.23	−0.142%	$86K	$46K	10x	as long as short