Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.018%

Price spread now: KuCoin against QFEX−0.120%7-day average +0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$329as in the Price arb table

costs, in and out, $10k−$3163.164% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.087%+$9 on $10k

Price spread, last 7 days+0.129%+$13 · spread now −0.120%, 7d avg +0.004%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.124% cheaper against QFEX than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.004%). If the spread goes back, that is −$12 on $10k: about 6.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX PLTR-USD	182.92	0.0037	pay 0.0005% / 1h	8m 09s	$1.2M	$2.3M	10x
Short	KuCoin PLTRUSDTM	182.70	0.0100	get 0.0100% / 8h	4h 08m	$1.0M	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $13.14
Price spread: −0.120% → +0.004%: −$12.4
Slippage, 4 orders: −$294.43
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$315.69
Costs to cover: 3.164%
Break-even: 175.2 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 6 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	6.8 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	9.31 bp	73.0 bp −$73	doesn't fit	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	−0.0108%	1h	182.73	−0.104%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0104%	1h	182.67	−0.137%	$214K	$677K	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.02	+0.053%	$60K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.88	−0.024%	$304K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.93	+0.005%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.92	0.000%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.87	−0.027%	$1.7M	$2.3M	20x	as long as short
Hotstuff PLTR-PERP	0.0000%	1h	182.74	−0.098%	$29K	$10K	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.81	−0.060%	$332K	$729K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.83	−0.049%	$3.4M	$3.0M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PLTR	0.0000%	8h	182.85	−0.038%	$738K	$220K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.88	−0.022%	$15K	$670K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.75	−0.091%	$184K	$255K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.79	−0.073%	$367K	$598K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.672%	$1K	$42K	30x	as long as short
QFEX PLTR-USDlong	+0.0037%	1h	182.92	long leg	$1.2M	$2.3M	10x
Arcus PLTR-USD	+0.0040%	1h	182.81	−0.060%	$86K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.76	−0.087%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.96	+0.022%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.85	−0.038%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.73	−0.104%	$376K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.80	−0.066%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTMshort	+0.0100%	8h	182.70	−0.120%	$1.0M	$40K	20x
ApeX Omni PLTRUSDT	+0.0100%	1h	182.74	−0.098%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.89	−0.018%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.88	−0.022%	$123K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0162%	4h	182.84	−0.041%	$42K	$262K	10x	as long as short