Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.029%

Price spread now: Phoenix against Aster−0.058%85s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.058% cheaper against Aster than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.4 days of funding at the current rate (+$1 a day). The two prices were read 85 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	Aster PLTRUSDT	183.14	0	get 0.0000% / 8h	3h 24m	$60K	$44K	50x
Short	Phoenix PLTR	183.03	0.0044	get 0.0005% / 1h	24m 05s	$30K	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now −0.058%Rate

Funding earned: $9.19
Price spread: −0.058% → 0.000%: −$5.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.58
Costs to cover: 0.150%
Break-even: 15.8 days

Slippage unknown: Aster: no order-book sample; Phoenix: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aster and 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
tradeXYZ xyz:PLTR	−0.0139%	1h	182.86	−0.151%	$12.1M	$6.3M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0113%	1h	182.79	−0.189%	$215K	$677K	10x	as long as short
Hotstuff PLTR-PERP	−0.0032%	1h	182.84	−0.161%	$29K	$10K	20x	as long as short
Aster PLTRUSDTlong	0.0000%	8h	183.14	long leg	$60K	$44K	50x
Extended PLTR_24_5-USD	0.0000%	1h	182.98	−0.085%	$304K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.03	−0.058%	$9.0M	$30.3M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	183.06	−0.041%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.00	−0.074%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.02	−0.063%	$336K	$715K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.97	−0.091%	$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	183.02	−0.065%	$735K	$224K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.91	−0.123%	$15K	$659K	10x	as long as short
QFEX PLTR-USD	+0.0027%	1h	183.01	−0.069%	$1.2M	$2.3M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.94	−0.109%	$184K	$255K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.97	−0.092%	$364K	$599K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.789%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.94	−0.107%	$86K	$47K	10x	as long as short
Phoenix PLTRshort	+0.0044%	1h	183.03	−0.058%	$30K	$93K	10x
Vest PLTR-USD-PERP	+0.0046%	1h	183.11	−0.014%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.97	−0.091%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.94	−0.107%	$354K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.92	−0.116%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.87	−0.145%	$1.0M	$44K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.03	−0.058%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.01	−0.069%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.00	−0.074%	$123K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0975%	4h	183.07	−0.038%	$42K	$263K	10x	as long as short