Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.021%
Price spread now: Phoenix against Lighter+0.104%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.104%, 7d avg +0.070%
=Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.034% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PLTR | 183.26 | 0.0032 | pay 0.0004% / 1h | 24m 31s | $185K | $260K | 10x |
| Short | Phoenix PLTR | 183.45 | 0.0131 | get 0.0016% / 1h | 24m 31s | $30K | $107K | 10x |
Lighter PLTR
Phoenix PLTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.82
- Price spread: +0.104% → +0.070%
- $3.43
- Slippage, 4 orders
- −$17.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$0.62
- Costs to cover
- 0.249%
- Break-even
- 7.2 days
Slippage from Lighter: live order book, 40 min ago; Phoenix: live order book, 41 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 Lighter live order book, 40 min ago | 1.26 bp | 1.3 bp −$1 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 41 min ago | 2.73 bp | 10.0 bp −$10 | 20.8 bp −$208 | 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 | 183.30 | +0.021% | $60K | $37K | 50x | as long as short |
| Bybit PLTRUSDT | 0.0000% | 8h | 183.48 | +0.121% | $3.1M | $2.3M | 25x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 183.43 | +0.093% | $334K | $705K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 183.37 | +0.061% | $3.4M | $3.0M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 183.51 | +0.140% | $737K | $216K | — | as long as short |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 183.56 | +0.165% | $16K | $681K | 10x | as long as short |
| tradeXYZ xyz:PLTR | +0.0021% | 1h | 183.28 | +0.011% | $12.1M | $6.3M | 10x | as long as short |
| Binance PLTRUSDT | +0.0031% | 8h | 183.46 | +0.111% | $9.2M | $29.7M | 20x | as long as short |
| Lighter PLTRlong | +0.0032% | 1h | 183.26 | long leg | $185K | $260K | 10x | |
| Lighter RH PLTR | +0.0032% | 1h | 183.29 | +0.020% | $365K | $608K | 10x | as long as short |
Aster PLTRUSDT
Bybit PLTRUSDT
Gate PLTR_USDT
Bitget PLTRUSDT
Variational Omni PLTR
GRVT PLTR_USDT_Perp
tradeXYZ xyz:PLTR
Binance PLTRUSDT
Lighter RH PLTRShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PLTR_24_5-USD | +0.0032% | 1h | 183.41 | +0.084% | $304K | $1.7M | 10x | as long as short |
| OKX PLTR-USDT-SWAP | +0.0032% | 8h | 183.57 | +0.170% | $1.7M | $2.2M | 20x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.856% | $1K | $42K | 30x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 183.52 | +0.142% | — | $124K | 25x | as long as short |
| Polymarket Perps PLTR-USD | +0.0050% | 1h | 183.26 | +0.001% | $213K | $675K | 10x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 183.48 | +0.121% | $52K | $3K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 183.29 | +0.017% | $450K | $1.6M | 10x | as long as short |
| QFEX PLTR-USD | +0.0062% | 1h | 183.43 | +0.093% | $1.2M | $2.5M | 10x | as long as short |
| Pacifica PLTR | +0.0100% | 1h | 183.39 | +0.071% | $193K | $14K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 183.28 | +0.011% | $1.1M | $24K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.43 | +0.093% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.53 | +0.146% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0122% | 8h | 183.58 | +0.175% | $125K | $194K | 20x | as long as short |
| Phoenix PLTRshort | +0.0131% | 1h | 183.45 | +0.104% | $30K | $107K | 10x | |
| Hotstuff PLTR-PERP | +0.0184% | 1h | 183.22 | −0.021% | $29K | $10K | 20x | as long as short |
| edgeX PLTRUSDC | +0.0477% | 4h | 183.56 | +0.162% | $43K | $261K | 10x | as long as short |
| Arcus PLTR-USD | +0.0599% | 1h | 183.47 | +0.115% | $86K | $46K | 10x | as long as short |
Extended PLTR_24_5-USD
OKX PLTR-USDT-SWAP
Injective PLTR/USDC PERP
Vest PLTR-USD-PERP
Polymarket Perps PLTR-USD
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
QFEX PLTR-USD
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
BloFin PLTR-USDT
Hotstuff PLTR-PERP
edgeX PLTRUSDC
Arcus PLTR-USD