Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter RH+0.013%7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.013%, 7d avg +0.015%

Together, before fees−0.256%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PLTR	182.74	0.0032	pay 0.0004% / 1h	1m 35s	$366K	$598K	10x
Short	Variational Omni PLTR	182.76	0	get 0.0000% / 8h	5h 01m	$738K	$220K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter RH. 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 Lighter RHbpFee Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$6.72
Price spread: +0.013% → +0.015%: −$0.17
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.89
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 61 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

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 RH live order book, 61 min ago	2.38 bp	2.9 bp −$3	9.1 bp −$91	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 62 min ago	3.12 bp	doesn't fit	22.4 bp −$224	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	−0.0075%	1h	182.62	−0.066%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0041%	1h	182.59	−0.082%	$214K	$677K	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.05	+0.170%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.81	+0.039%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.86	+0.066%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.84	+0.055%	$3.1M	$2.4M	25x	as long as short
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	182.74	0.000%	$332K	$732K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.70	−0.022%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTRshort	0.0000%	8h	182.76	+0.013%	$738K	$220K	—

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	+0.055%	$15K	$670K	10x	as long as short
QFEX PLTR-USD	+0.0026%	1h	182.83	+0.049%	$1.2M	$2.3M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.70	−0.022%	$184K	$255K	10x	as long as short
Lighter RH PLTRlong	+0.0032%	1h	182.74	long leg	$366K	$598K	10x
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.575%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.77	+0.016%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.75	+0.005%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.90	+0.088%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	182.62	−0.066%	$29K	$10K	20x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.78	+0.022%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.70	−0.022%	$384K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.75	+0.004%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.72	−0.011%	$1.0M	$39K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.71	−0.016%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.80	+0.032%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.82	+0.044%	$123K	$239K	20x	as long as short
edgeX PLTRUSDC	+0.0758%	4h	182.77	+0.016%	$42K	$263K	10x	as long as short