Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.028%

Price spread now: Lighter against BloFin−0.131%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.131%, 7d avg −0.063%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PLTR-USDT	184.53	0.0120	pay 0.0120% / 8h	6h 56m	$128K	$265K	20x
Short	Lighter PLTR	184.29	0.0032	get 0.0004% / 1h	56m 53s	$210K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$18.48
Price spread: −0.131% → −0.063%: −$6.77
Slippage, 4 orders: −$10.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.17
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 18 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 BloFin live order book, 5 min ago	0.27 bp	8.9 bp −$9	15.4 bp −$154	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	0.11 bp	3.6 bp −$4	8.4 bp −$84	doesn't fit	doesn't fit

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	184.42	−0.059%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.53	0.000%	$305K	$852K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	184.57	+0.024%	$9.2M	$31.7M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	184.56	+0.016%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	184.57	+0.022%	$1.8M	$2.5M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	184.43	−0.054%	$327K	$761K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.57	+0.022%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.52	−0.005%	$745K	$225K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.55	+0.011%	$14K	$522K	10x	as long as short
Lighter PLTRshort	+0.0032%	1h	184.29	−0.131%	$210K	$295K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PLTR	+0.0032%	1h	184.38	−0.083%	$377K	$577K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.539%	$1K	$42K	30x	as long as short
QFEX PLTR-USD	+0.0039%	1h	184.43	−0.054%	$1.2M	$2.1M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.66	+0.070%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	184.31	−0.119%	$29K	$10K	20x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	184.41	−0.065%	$12.1M	$6.0M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	184.20	−0.179%	$219K	$660K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	184.47	−0.033%	$53K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	184.45	−0.043%	$326K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.50	−0.016%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	184.35	−0.100%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	184.38	−0.081%	$1.0M	$140K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	184.43	−0.054%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.45	−0.043%	$90	—	10x	as long as short
BloFin PLTR-USDTlong	+0.0120%	8h	184.53	long leg	$128K	$265K	20x
Arcus PLTR-USD	+0.0173%	1h	184.40	−0.070%	$85K	$49K	10x	as long as short
edgeX PLTRUSDC	+0.0654%	4h	184.52	−0.004%	$43K	$267K	10x	as long as short