Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.005%

Price spread now: Lighter against OKX−0.161%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.161%, 7d avg −0.102%

Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.059% cheaper against OKX than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.102%). If the spread goes back, that is −$6 on $10k: about 6.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PLTR-USDT-SWAP	184.65	0	get 0.0000% / 8h	6h 56m	$1.8M	$2.5M	20x
Short	Lighter PLTR	184.35	0.0032	get 0.0004% / 1h	56m 07s	$210K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.161%Rate

Funding earned: $6.72
Price spread: −0.161% → −0.102%: −$5.94
Slippage, 4 orders: −$17.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27
Costs to cover: 0.278%
Break-even: 35.1 days

Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 19 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 OKX live order book, 6 min ago	1.08 bp	10.3 bp −$10	24.1 bp −$241	doesn't fit	doesn't fit
Sell Lighter live order book, 19 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	−0.127%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	184.56	−0.050%	$305K	$852K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	184.58	−0.038%	$9.2M	$31.7M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	184.58	−0.038%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAPlong	0.0000%	8h	184.65	long leg	$1.8M	$2.5M	20x
Gate PLTR_USDT	0.0000%	8h	184.52	−0.070%	$327K	$762K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	184.54	−0.060%	$3.4M	$3.1M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.52	−0.070%	$745K	$225K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.55	−0.054%	$14K	$522K	10x	as long as short
Lighter PLTRshort	+0.0032%	1h	184.35	−0.161%	$210K	$296K	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	184.45	−0.107%	$379K	$579K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.603%	$1K	$42K	30x	as long as short
QFEX PLTR-USD	+0.0039%	1h	184.54	−0.060%	$1.2M	$2.1M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.70	+0.027%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	184.32	−0.179%	$29K	$10K	20x	as long as short
tradeXYZ xyz:PLTR	+0.0050%	1h	184.39	−0.141%	$12.1M	$6.0M	10x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	184.31	−0.184%	$219K	$660K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	184.54	−0.060%	$53K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	184.45	−0.108%	$326K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.50	−0.081%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	184.38	−0.148%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	184.44	−0.114%	$1.0M	$141K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	184.43	−0.119%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.50	−0.082%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	184.53	−0.065%	$128K	$265K	20x	as long as short
Arcus PLTR-USD	+0.0173%	1h	184.50	−0.081%	$85K	$49K	10x	as long as short
edgeX PLTRUSDC	+0.0654%	4h	184.52	−0.069%	$43K	$267K	10x	as long as short