Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0583%/8h= +63.8% APRpaid last 24h +0.050%

Price spread now: Arcus against Variational Omni−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Arcus is 0.037% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PLTR	183.21	0	get 0.0000% / 8h	54m 07s	$636K	$135K	—
Short	Arcus PLTR-USD	183.14	0.0583	get 0.0073% / 1h	54m 07s	$86K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now −0.037%Rate

Funding earned: $122.4
Price spread: −0.037% → 0.000%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $114.17
Costs to cover: 0.045%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Arcus: no order-book sample. 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 Variational Omni RFQ quote, 25 min ago	2.26 bp	doesn't fit	26.2 bp −$262	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Aster PLTRUSDT	0.0000%	8h	182.97	−0.128%	$60K	$37K	50x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.22	+0.006%	$1.8M	$2.3M	20x	as long as short
Hotstuff PLTR-PERP	0.0000%	1h	182.95	−0.141%	$29K	$10K	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.07	−0.076%	$333K	$702K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.05	−0.086%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTRlong	0.0000%	8h	183.21	long leg	$636K	$135K	—
GRVT PLTR_USDT_Perp	0.0000%	8h	183.23	+0.011%	$16K	$692K	10x	as long as short
Binance PLTRUSDT	+0.0023%	8h	183.06	−0.081%	$9.4M	$30.2M	20x	as long as short
Extended PLTR_24_5-USD	+0.0024%	1h	183.03	−0.100%	$303K	$1.4M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.95	−0.141%	$184K	$295K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PLTR	+0.0032%	1h	182.97	−0.133%	$364K	$623K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.829%	$1K	$42K	30x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.11	−0.054%	—	$124K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	182.95	−0.141%	$12.0M	$6.6M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	182.88	−0.179%	$210K	$673K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.02	−0.103%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.99	−0.119%	$407K	$1.4M	10x	as long as short
QFEX PLTR-USD	+0.0080%	1h	183.15	−0.032%	$1.2M	$2.6M	10x	as long as short
BloFin PLTR-USDT	+0.0080%	8h	183.22	+0.006%	$82K	$187K	20x	as long as short
Pacifica PLTR	+0.0100%	1h	183.16	−0.029%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.01	−0.108%	$1.1M	$25K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.97	−0.130%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.09	−0.064%	$90	—	10x	as long as short
Phoenix PLTR	+0.0175%	1h	183.16	−0.026%	$30K	$119K	10x	as long as short
Bybit PLTRUSDT	+0.0330%	8h	183.20	−0.005%	$3.0M	$2.3M	25x	as long as short
edgeX PLTRUSDC	+0.0534%	4h	183.20	−0.007%	$42K	$260K	10x	as long as short
Arcus PLTR-USDshort	+0.0583%	1h	183.14	−0.037%	$86K	$47K	10x