Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.006%

Price spread now: Lighter RH against Binance−0.070%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 2 days (all we have)+0.034%+$3 · spread now −0.070%, 7d avg −0.042%

Together, before fees+0.100%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.042%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PLTRUSDT	182.53	0	get 0.0000% / 8h	5h 51m	$9.0M	$30.2M	20x
Short	Lighter RH PLTR	182.40	0.0032	get 0.0004% / 1h	51m 15s	$366K	$598K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.070%Rate

Funding earned: $6.72
Price spread: −0.070% → −0.042%: −$2.81
Slippage, 4 orders: −$9.74
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.83
Costs to cover: 0.197%
Break-even: 23.5 days

Slippage from Binance: live order book, 5 min ago; Lighter RH: live order book, 11 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 Binance live order book, 5 min ago	0.27 bp	8.1 bp −$8	19.3 bp −$193	80.3 bp −$8,035	doesn't fit
Sell Lighter RH live order book, 11 min ago	2.38 bp	2.6 bp −$3	6.6 bp −$66	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	−0.0130%	1h	182.27	−0.142%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0114%	1h	182.33	−0.110%	$12.0M	$6.2M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.86	+0.181%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.48	−0.027%	$306K	$1.4M	10x	as long as short
Binance PLTRUSDTlong	0.0000%	8h	182.53	long leg	$9.0M	$30.2M	20x
Bybit PLTRUSDT	0.0000%	8h	182.55	+0.011%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.61	+0.044%	$1.7M	$2.4M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.47	−0.033%	$332K	$722K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.48	−0.027%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.60	+0.041%	$737K	$219K	—	as long as short

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	182.61	+0.043%	$15K	$670K	10x	as long as short
QFEX PLTR-USD	+0.0026%	1h	182.53	0.000%	$1.2M	$2.4M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.38	−0.081%	$183K	$255K	10x	as long as short
Lighter RH PLTRshort	+0.0032%	1h	182.40	−0.070%	$366K	$598K	10x
Hotstuff PLTR-PERP	+0.0032%	1h	182.32	−0.115%	$29K	$10K	20x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.460%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.55	+0.011%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.51	−0.011%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.57	+0.022%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.48	−0.027%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.37	−0.088%	$381K	$1.6M	10x	as long as short
edgeX PLTRUSDC	+0.0063%	4h	182.61	+0.044%	$42K	$262K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.50	−0.017%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.49	−0.022%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.48	−0.027%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.49	−0.020%	$89	—	10x	as long as short