Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.009%

Price spread now: Gate against QFEX+0.038%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.042% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.038%, 7d avg +0.008%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.030% dearer against QFEX than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.008%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.008% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX PLTR-USD	182.65	0.0042	pay 0.0005% / 1h	17m 55s	$1.2M	$2.4M	10x
Short	Gate PLTR_USDT	182.72	0	get 0.0000% / 8h	6h 17m	$333K	$721K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$8.8
Price spread: +0.038% → +0.008%: $3.04
Slippage, 4 orders: −$79.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.95
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 49 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 QFEX live order book, 4 min ago	1.37 bp	6.4 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	5.18 bp	55.1 bp −$55	506.2 bp −$5,062	doesn't fit	doesn't fit

PLTR on 26 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	−0.0089%	1h	182.41	−0.131%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0072%	1h	182.47	−0.099%	$12.0M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.09	+0.238%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.64	−0.007%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.69	+0.022%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.70	+0.027%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.73	+0.044%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDTshort	0.0000%	8h	182.72	+0.038%	$333K	$721K	50x
Bitget PLTRUSDT	0.0000%	8h	182.68	+0.016%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.71	+0.034%	$738K	$219K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	182.73	+0.044%	$16K	$670K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.56	−0.051%	$184K	$264K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.58	−0.038%	$366K	$607K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.526%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.65	0.000%	$86K	$46K	10x	as long as short
QFEX PLTR-USDlong	+0.0042%	1h	182.65	long leg	$1.2M	$2.4M	10x
Vest PLTR-USD-PERP	+0.0046%	1h	182.72	+0.038%	—	$124K	25x	as long as short
Hotstuff PLTR-PERP	+0.0048%	1h	182.44	−0.115%	$29K	$10K	20x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.65	0.000%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.45	−0.109%	$392K	$1.6M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	182.58	−0.038%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.62	−0.019%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.65	0.000%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.64	−0.005%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.64	−0.007%	$89	—	10x	as long as short
edgeX PLTRUSDC	+0.0525%	4h	182.72	+0.039%	$42K	$263K	10x	as long as short