Funding you earn now, next payment 07:00 UTC−0.0235%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.060%
Price spread now: Polymarket Perps against Phoenix−0.098%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.098% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 | Phoenix PLTR | 183.46 | 0.0044 | pay 0.0005% / 1h | 4m 22s | $30K | $93K | 10x |
| Short | Polymarket Perps PLTR-USD | 183.28 | −0.0192 | pay 0.0024% / 1h | 4m 22s | $215K | $677K | 10x |
Phoenix PLTR
Polymarket Perps PLTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phoenix. 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
- −$49.4
- Price spread: −0.098% → 0.000%
- −$9.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$74.21
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 33 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 33 min ago | 2.46 bp | 6.5 bp −$6 | 7.2 bp −$72 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0192% | 1h | 183.28 | −0.098% | $215K | $677K | 10x | |
| tradeXYZ xyz:PLTR | −0.0030% | 1h | 183.41 | −0.027% | $12.1M | $6.4M | 10x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 183.60 | +0.078% | $61K | $44K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 183.43 | −0.014% | $304K | $846K | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 183.50 | +0.022% | $9.0M | $31.0M | 20x | as long as short |
| Bybit PLTRUSDT | 0.0000% | 8h | 183.52 | +0.033% | $2.9M | $2.5M | 25x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 183.60 | +0.076% | $1.7M | $2.3M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 183.45 | −0.005% | $325K | $804K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 183.47 | +0.005% | $3.3M | $3.0M | 20x | as long as short |
| Variational Omni PLTR | 0.0000% | 8h | 183.45 | −0.005% | $739K | $224K | — | as long as short |
tradeXYZ xyz:PLTR
Aster PLTRUSDT
Extended PLTR_24_5-USD
Binance PLTRUSDT
Bybit PLTRUSDT
OKX PLTR-USDT-SWAP
Gate PLTR_USDT
Bitget PLTRUSDT
Variational Omni PLTRShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 183.52 | +0.033% | $15K | $639K | 10x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 183.31 | −0.081% | $203K | $269K | 10x | as long as short |
| Lighter RH PLTR | +0.0032% | 1h | 183.41 | −0.028% | $381K | $609K | 10x | as long as short |
| QFEX PLTR-USD | +0.0032% | 1h | 183.41 | −0.027% | $1.2M | $2.1M | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.965% | $1K | $42K | 30x | as long as short |
| Arcus PLTR-USD | +0.0040% | 1h | 183.40 | −0.033% | $86K | $47K | 10x | as long as short |
| Phoenix PLTRlong | +0.0044% | 1h | 183.46 | long leg | $30K | $93K | 10x | |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 183.62 | +0.087% | — | $124K | 25x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 183.41 | −0.027% | $52K | $3K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 183.41 | −0.027% | $325K | $1.8M | 10x | as long as short |
| Hotstuff PLTR-PERP | +0.0064% | 1h | 183.33 | −0.071% | $29K | $10K | 20x | as long as short |
| Pacifica PLTR | +0.0100% | 1h | 183.47 | +0.004% | $193K | $15K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 183.37 | −0.049% | $1.0M | $71K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.44 | −0.011% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.47 | +0.004% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0120% | 8h | 183.46 | 0.000% | $125K | $274K | 20x | as long as short |
| edgeX PLTRUSDC | +0.0879% | 4h | 183.46 | −0.002% | $42K | $265K | 10x | as long as short |
GRVT PLTR_USDT_Perp
Lighter PLTR
Lighter RH PLTR
QFEX PLTR-USD
Injective PLTR/USDC PERP
Arcus PLTR-USD
Vest PLTR-USD-PERP
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
Hotstuff PLTR-PERP
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
BloFin PLTR-USDT
edgeX PLTRUSDC