Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.4% APRpaid last 24h +0.010%

Price spread now: Hotstuff against Binance−0.113%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Hotstuff

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.113% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PLTRUSDT	183.04	0.0012	pay 0.0012% / 8h	46m 13s	$9.3M	$30.3M	20x
Short	Hotstuff PLTR-PERP	182.83	−0.0064	pay 0.0008% / 1h	46m 13s	$29K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$16.04
Price spread: −0.113% → 0.000%: −$11.34
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$42.38
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Hotstuff: 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 Binance live order book, 10 min ago	0.55 bp	6.5 bp −$6	13.3 bp −$133	84.6 bp −$8,460	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
Hotstuff PLTR-PERPshort	−0.0064%	1h	182.83	−0.113%	$29K	$10K	20x
Aster PLTRUSDT	0.0000%	8h	182.84	−0.108%	$60K	$37K	50x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.08	+0.023%	$1.8M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.90	−0.075%	$333K	$706K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.93	−0.059%	$3.4M	$3.3M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	183.01	−0.014%	$700K	$199K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	183.03	−0.004%	$16K	$692K	10x	as long as short
tradeXYZ xyz:PLTR	+0.0011%	1h	182.85	−0.103%	$12.0M	$6.6M	10x	as long as short
Binance PLTRUSDTlong	+0.0012%	8h	183.04	long leg	$9.3M	$30.3M	20x
Extended PLTR_24_5-USD	+0.0016%	1h	183.01	−0.014%	$303K	$1.4M	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	182.86	−0.095%	$184K	$297K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.89	−0.078%	$364K	$623K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.736%	$1K	$42K	30x	as long as short
Polymarket Perps PLTR-USD	+0.0036%	1h	182.77	−0.146%	$210K	$673K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.04	+0.001%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.01	−0.015%	$52K	$4K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.92	−0.064%	$454K	$1.5M	10x	as long as short
BloFin PLTR-USDT	+0.0053%	8h	183.04	+0.001%	$82K	$187K	20x	as long as short
QFEX PLTR-USD	+0.0080%	1h	182.96	−0.042%	$1.2M	$2.6M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.87	−0.093%	$193K	$13K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.91	−0.070%	$1.1M	$25K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.00	−0.021%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.96	−0.040%	$90	—	10x	as long as short
Phoenix PLTR	+0.0131%	1h	182.94	−0.053%	$30K	$119K	10x	as long as short
Bybit PLTRUSDT	+0.0314%	8h	183.04	+0.001%	$3.0M	$2.3M	25x	as long as short
Arcus PLTR-USD	+0.0583%	1h	182.99	−0.026%	$86K	$47K	10x	as long as short
edgeX PLTRUSDC	+0.0912%	4h	183.02	−0.011%	$42K	$262K	10x	as long as short