Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.029%
Price spread now: Variational Omni against Phoenix+0.055%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.055% dearer against Phoenix than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. The two prices were read 54 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 | 183.30 | 0.0087 | pay 0.0011% / 1h | 10m 24s | $30K | $93K | 10x |
| Short | Variational Omni PLTR | 183.40 | 0 | get 0.0000% / 8h | 1h 10m | $738K | $224K | — |
Phoenix PLTR
Variational Omni PLTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$18.33
- Price spread: +0.055% → 0.000%
- $5.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.82
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 34 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 Variational Omni RFQ quote, 34 min ago | 2.67 bp | doesn't fit | 26.0 bp −$260 | 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-USD | −0.0073% | 1h | 183.16 | −0.076% | $215K | $677K | 10x | as long as short |
| Hotstuff PLTR-PERP | −0.0064% | 1h | 183.23 | −0.038% | $29K | $10K | 20x | as long as short |
| tradeXYZ xyz:PLTR | −0.0004% | 1h | 183.25 | −0.027% | $12.1M | $6.3M | 10x | as long as short |
| Aster PLTRUSDT | 0.0000% | 8h | 183.54 | +0.132% | $61K | $44K | 50x | as long as short |
| Extended PLTR_24_5-USD | 0.0000% | 1h | 183.37 | +0.038% | $304K | $852K | 10x | as long as short |
| Binance PLTRUSDT | 0.0000% | 8h | 183.41 | +0.061% | $8.9M | $30.6M | 20x | as long as short |
| Bybit PLTRUSDT | 0.0000% | 8h | 183.42 | +0.065% | $2.9M | $2.5M | 25x | as long as short |
| OKX PLTR-USDT-SWAP | 0.0000% | 8h | 183.48 | +0.098% | $1.7M | $2.3M | 20x | as long as short |
| Gate PLTR_USDT | 0.0000% | 8h | 183.33 | +0.016% | $334K | $758K | 50x | as long as short |
| Bitget PLTRUSDT | 0.0000% | 8h | 183.25 | −0.027% | $3.3M | $3.0M | 20x | as long as short |
Polymarket Perps PLTR-USD
Hotstuff PLTR-PERP
tradeXYZ xyz:PLTR
Aster PLTRUSDT
Extended PLTR_24_5-USD
Binance PLTRUSDT
Bybit PLTRUSDT
OKX PLTR-USDT-SWAP
Gate PLTR_USDT
Bitget PLTRUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PLTRshort | 0.0000% | 8h | 183.40 | +0.055% | $738K | $224K | — | |
| GRVT PLTR_USDT_Perp | 0.0000% | 8h | 183.40 | +0.054% | $15K | $647K | 10x | as long as short |
| QFEX PLTR-USD | +0.0022% | 1h | 183.35 | +0.027% | $1.2M | $2.2M | 10x | as long as short |
| Lighter PLTR | +0.0032% | 1h | 183.24 | −0.033% | $185K | $254K | 10x | as long as short |
| Lighter RH PLTR | +0.0032% | 1h | 183.31 | +0.007% | $365K | $594K | 10x | as long as short |
| Injective PLTR/USDC PERP | +0.0033% | 1h | 181.69 | −0.878% | $1K | $42K | 30x | as long as short |
| Arcus PLTR-USD | +0.0040% | 1h | 183.32 | +0.011% | $86K | $47K | 10x | as long as short |
| Vest PLTR-USD-PERP | +0.0046% | 1h | 183.46 | +0.087% | — | $124K | 25x | as long as short |
| SoDEX PLTR-USD | +0.0050% | 1h | 183.37 | +0.038% | $52K | $3K | 10x | as long as short |
| Ondo Perps PLTR-USD.P | +0.0050% | 1h | 183.33 | +0.016% | $351K | $1.8M | 10x | as long as short |
| Phoenix PLTRlong | +0.0087% | 1h | 183.30 | long leg | $30K | $93K | 10x | |
| Pacifica PLTR | +0.0100% | 1h | 183.23 | −0.038% | $193K | $15K | 10x | as long as short |
| KuCoin PLTRUSDTM | +0.0100% | 8h | 183.23 | −0.038% | $1.0M | $50K | 20x | as long as short |
| ApeX Omni PLTRUSDT | +0.0100% | 1h | 183.33 | +0.016% | $3K | $8K | 50x | as long as short |
| Aevo PLTR-PERP | +0.0104% | 1h | 183.39 | +0.050% | $90 | — | 10x | as long as short |
| BloFin PLTR-USDT | +0.0120% | 8h | 183.38 | +0.044% | $124K | $249K | 20x | as long as short |
| edgeX PLTRUSDC | +0.0548% | 4h | 183.37 | +0.037% | $42K | $263K | 10x | as long as short |
GRVT PLTR_USDT_Perp
QFEX PLTR-USD
Lighter PLTR
Lighter RH PLTR
Injective PLTR/USDC PERP
Arcus PLTR-USD
Vest PLTR-USD-PERP
SoDEX PLTR-USD
Ondo Perps PLTR-USD.P
Pacifica PLTR
KuCoin PLTRUSDTM
ApeX Omni PLTRUSDT
Aevo PLTR-PERP
BloFin PLTR-USDT
edgeX PLTRUSDC