Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.054%

Price spread now: Polymarket Perps against Bybit−0.126%47s7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.421% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.126%, 7d avg −0.131%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PLTRUSDT	182.67	0	get 0.0000% / 8h	6h 39m	$3.1M	$2.4M	25x
Short	Polymarket Perps PLTR-USD	182.44	−0.0078	pay 0.0010% / 1h	39m 46s	$214K	$677K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$16.35
Price spread: −0.126% → −0.131%: $0.47
Slippage, 4 orders: −$23.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$57.95
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 28 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 Bybit live order book, 3 min ago	1.64 bp	14.6 bp −$15	98.8 bp −$988	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 28 min ago	1.64 bp	6.7 bp −$7	7.7 bp −$77	15.3 bp −$1,534	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
Polymarket Perps PLTR-USDshort	−0.0078%	1h	182.44	−0.126%	$214K	$677K	10x
tradeXYZ xyz:PLTR	−0.0039%	1h	182.47	−0.109%	$12.0M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.47	−0.109%	$59K	$37K	50x	as long as short
Bybit PLTRUSDTlong	0.0000%	8h	182.67	long leg	$3.1M	$2.4M	25x
Gate PLTR_USDT	0.0000%	8h	182.67	0.000%	$332K	$710K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.69	+0.011%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.72	+0.026%	$738K	$219K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.90	+0.128%	$16K	$670K	10x	as long as short
Extended PLTR_24_5-USD	+0.0008%	1h	182.66	−0.005%	$306K	$1.4M	10x	as long as short
Binance PLTRUSDT	+0.0008%	8h	182.64	−0.016%	$9.1M	$30.0M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PLTR-USDT-SWAP	+0.0014%	8h	182.70	+0.016%	$1.7M	$2.3M	20x	as long as short
Lighter PLTR	+0.0032%	1h	182.54	−0.070%	$184K	$262K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.56	−0.060%	$366K	$606K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.536%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.71	+0.022%	$86K	$46K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.68	+0.005%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.77	+0.055%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.67	0.000%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.59	−0.044%	$399K	$1.6M	10x	as long as short
BloFin PLTR-USDT	+0.0061%	8h	183.03	+0.197%	$124K	$236K	20x	as long as short
Hotstuff PLTR-PERP	+0.0064%	1h	182.52	−0.082%	$29K	$10K	20x	as long as short
Phoenix PLTR	+0.0087%	1h	182.75	+0.044%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.64	−0.018%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.63	−0.022%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.71	+0.022%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.68	+0.007%	$90	—	10x	as long as short
edgeX PLTRUSDC	+0.0849%	4h	182.85	+0.096%	$42K	$261K	10x	as long as short