Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.023%

Price spread now: QFEX against Bybit0.000%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 7 days−0.027%−$3 · spread now 0.000%, 7d avg −0.065%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.065% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PLTRUSDT	182.84	0	get 0.0000% / 8h	5h 02m	$3.1M	$2.4M	25x
Short	QFEX PLTR-USD	182.84	0.0026	get 0.0003% / 1h	2m 59s	$1.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.39
Price spread: 0.000% → −0.065%: $6.49
Slippage, 4 orders: −$30.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$40.04
Costs to cover: 0.519%
Break-even: 59.0 days

Slippage from Bybit: live order book, 4 min ago; QFEX: live order book, 4 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, 4 min ago	1.64 bp	15.9 bp −$16	89.2 bp −$892	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.37 bp	6.4 bp −$6	7.6 bp −$76	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
tradeXYZ xyz:PLTR	−0.0073%	1h	182.62	−0.120%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0040%	1h	182.58	−0.142%	$214K	$677K	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.07	+0.125%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.80	−0.021%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.86	+0.011%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDTlong	0.0000%	8h	182.84	long leg	$3.1M	$2.4M	25x
OKX PLTR-USDT-SWAP	0.0000%	8h	182.79	−0.027%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.72	−0.066%	$332K	$732K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.70	−0.077%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.76	−0.041%	$738K	$220K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	182.84	0.000%	$15K	$670K	10x	as long as short
QFEX PLTR-USDshort	+0.0026%	1h	182.84	0.000%	$1.2M	$2.3M	10x
Lighter PLTR	+0.0032%	1h	182.67	−0.092%	$184K	$255K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.71	−0.071%	$366K	$598K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.629%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.76	−0.044%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.75	−0.049%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.89	+0.027%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.78	−0.033%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.69	−0.082%	$384K	$1.7M	10x	as long as short
Hotstuff PLTR-PERP	+0.0056%	1h	182.64	−0.109%	$29K	$10K	20x	as long as short
Pacifica PLTR	+0.0100%	1h	182.75	−0.049%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.68	−0.088%	$1.0M	$39K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.71	−0.071%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.80	−0.019%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.82	−0.011%	$123K	$239K	20x	as long as short
edgeX PLTRUSDC	+0.0758%	4h	182.77	−0.039%	$42K	$263K	10x	as long as short