Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.009%

Price spread now: Injective against Variational Omni−0.688%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 Injective

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. Injective is 0.688% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.688% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$69 on $10k: about 2 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PLTR	182.95	0	get 0.0000% / 8h	2h 30m	$635K	$136K	—
Short	Injective PLTR/USDC PERP	181.69	0.0033	get 0.0004% / 1h	30m 44s	$1K	$42K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.688%Rate

Funding earned: $7
Price spread: −0.688% → 0.000%: −$68.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.82
Costs to cover: 0.000%
Break-even: 68.8 days

Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Injective: 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, 58 min ago	2.24 bp	doesn't fit	29.8 bp −$298	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Polymarket Perps PLTR-USD	−0.0112%	1h	182.61	−0.185%	$210K	$675K	10x	as long as short
Hotstuff PLTR-PERP	−0.0016%	1h	182.73	−0.119%	$29K	$10K	20x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.81	−0.078%	$60K	$37K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.92	−0.016%	$304K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.94	−0.005%	$9.3M	$30.1M	20x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.92	−0.016%	$1.7M	$2.2M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.85	−0.054%	$333K	$708K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.84	−0.059%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTRlong	0.0000%	8h	182.95	long leg	$635K	$136K	—
GRVT PLTR_USDT_Perp	0.0000%	8h	182.94	−0.006%	$16K	$713K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PLTR	+0.0032%	1h	182.68	−0.146%	$190K	$322K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.82	−0.069%	$377K	$620K	10x	as long as short
Injective PLTR/USDC PERPshort	+0.0033%	1h	181.69	−0.688%	$1K	$42K	30x
Vest PLTR-USD-PERP	+0.0046%	1h	182.92	−0.016%	—	$123K	25x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	182.74	−0.114%	$12.1M	$6.9M	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.85	−0.054%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.75	−0.109%	$366K	$1.3M	10x	as long as short
QFEX PLTR-USD	+0.0075%	1h	182.95	+0.001%	$1.2M	$2.5M	10x	as long as short
Phoenix PLTR	+0.0088%	1h	182.82	−0.070%	$30K	$119K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.76	−0.101%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.76	−0.103%	$1.1M	$24K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.88	−0.037%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.93	−0.012%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.97	+0.012%	$125K	$187K	20x	as long as short
Bybit PLTRUSDT	+0.0225%	8h	183.01	+0.034%	$3.0M	$2.3M	25x	as long as short
Arcus PLTR-USD	+0.0416%	1h	182.90	−0.027%	$86K	$46K	10x	as long as short
edgeX PLTRUSDC	+0.0666%	4h	182.95	+0.003%	$42K	$262K	10x	as long as short