Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against Variational Omni−0.121%7-day average −0.042% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.365%+$37 · spread now −0.121%, 7d avg −0.042%

Together, before fees+0.382%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.079% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PLTR	182.71	0	get 0.0000% / 8h	6h 19m	$738K	$219K	—
Short	tradeXYZ xyz:PLTR	182.49	−0.0068	pay 0.0009% / 1h	19m 43s	$12.0M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$14.36
Price spread: −0.121% → −0.042%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$40.26
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 49 min ago; tradeXYZ: live order book, 9 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 Variational Omni RFQ quote, 49 min ago	2.70 bp	doesn't fit	30.0 bp −$300	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.82 bp	11.0 bp −$11	14.3 bp −$143	doesn't fit	doesn't fit

PLTR on 26 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	−0.0087%	1h	182.44	−0.148%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTRshort	−0.0068%	1h	182.49	−0.121%	$12.0M	$6.3M	10x
Aster PLTRUSDT	0.0000%	8h	183.10	+0.211%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.67	−0.022%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.72	+0.005%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.73	+0.010%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.65	−0.033%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.71	−0.001%	$333K	$721K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.68	−0.017%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTRlong	0.0000%	8h	182.71	long leg	$738K	$219K	—

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	182.73	+0.010%	$16K	$670K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.56	−0.082%	$184K	$264K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.59	−0.069%	$366K	$607K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.559%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.68	−0.017%	$86K	$46K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.71	−0.001%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.78	+0.038%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	182.53	−0.099%	$29K	$10K	20x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.67	−0.023%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.56	−0.083%	$392K	$1.6M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	182.58	−0.072%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.64	−0.037%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.66	−0.028%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.63	−0.044%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.68	−0.020%	$90	—	10x	as long as short
edgeX PLTRUSDC	+0.0774%	4h	182.72	+0.007%	$42K	$262K	10x	as long as short