Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.038%

Price spread now: Arcus against Bybit−0.115%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

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—needs both histories

Funding pays, the price is against you. Arcus is 0.115% cheaper against Bybit than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 9.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PLTRUSDT	183.35	0	get 0.0000% / 8h	1h 28m	$2.9M	$2.5M	25x
Short	Arcus PLTR-USD	183.14	0.0040	get 0.0005% / 1h	28m 58s	$86K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.115%Rate

Funding earned: $8.46
Price spread: −0.115% → 0.000%: −$11.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.5
Costs to cover: 0.155%
Break-even: 22.3 days

Slippage unknown: Bybit: live order book, 8 min ago; Arcus: 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 Bybit live order book, 8 min ago	0.27 bp	15.6 bp −$16	88.7 bp −$887	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0124%	1h	183.05	−0.164%	$215K	$677K	10x	as long as short
Hotstuff PLTR-PERP	−0.0104%	1h	183.12	−0.125%	$29K	$10K	20x	as long as short
tradeXYZ xyz:PLTR	−0.0044%	1h	183.15	−0.109%	$12.1M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.49	+0.079%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.29	−0.035%	$303K	$854K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.33	−0.011%	$8.9M	$30.6M	20x	as long as short
Bybit PLTRUSDTlong	0.0000%	8h	183.35	long leg	$2.9M	$2.5M	25x
OKX PLTR-USDT-SWAP	0.0000%	8h	183.37	+0.011%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.24	−0.060%	$340K	$738K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.26	−0.049%	$3.3M	$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	183.14	−0.113%	$736K	$223K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	183.22	−0.070%	$15K	$647K	10x	as long as short
QFEX PLTR-USD	+0.0022%	1h	183.23	−0.065%	$1.2M	$2.2M	10x	as long as short
Lighter PLTR	+0.0032%	1h	183.16	−0.105%	$184K	$253K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.22	−0.073%	$364K	$594K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.905%	$1K	$42K	30x	as long as short
Arcus PLTR-USDshort	+0.0040%	1h	183.14	−0.115%	$86K	$47K	10x
Vest PLTR-USD-PERP	+0.0046%	1h	183.35	0.000%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.27	−0.044%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.02	−0.180%	$351K	$1.8M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	183.07	−0.153%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.16	−0.102%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.16	−0.104%	$1.0M	$50K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.12	−0.125%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.26	−0.049%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.31	−0.022%	$124K	$249K	20x	as long as short
edgeX PLTRUSDC	+0.0275%	4h	183.14	−0.116%	$42K	$265K	10x	as long as short