Settings8H · net · $10k
Funding arb · Price arb /

PLTR

RWAall PLTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.023%
Price spread now: Lighter against Bybit−0.125%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.125%, 7d avg −0.094%
Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.094%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PLTRUSDT183.020get 0.0000% / 8h2h 47m$3.0M$2.4M25x
ShortLighter PLTR182.790.0032get 0.0004% / 1h47m 19s$184K$253K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$6.72
Price spread: −0.125% → −0.094%
−$3.13
Slippage, 4 orders
−$17.78
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Lighter: 0 bp × 2 orders
$0
Net
−$25.18
Costs to cover
0.288%
Break-even
33.2 days
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.82 bp15.4 bp −$1571.3 bp −$713doesn't fitdoesn't fit
Sell Lighter live order book, 48 min ago0.99 bp1.0 bp −$110.8 bp −$108doesn't fitdoesn't fit

PLTR on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:PLTR−0.0067%1h182.77−0.137%$12.1M$6.3M10xas long as short
Polymarket Perps PLTR-USD−0.0065%1h182.71−0.169%$215K$677K10xas long as short
Aster PLTRUSDT0.0000%8h183.05+0.015%$60K$44K50xas long as short
Extended PLTR_24_5-USD0.0000%1h182.92−0.055%$303K$1.8M10xas long as short
Binance PLTRUSDT0.0000%8h182.98−0.022%$9.0M$30.4M20xas long as short
Bybit PLTRUSDTlong0.0000%8h183.02long leg$3.0M$2.4M25x
OKX PLTR-USDT-SWAP0.0000%8h182.97−0.027%$1.7M$2.3M20xas long as short
Gate PLTR_USDT0.0000%8h182.91−0.060%$340K$724K50xas long as short
Bitget PLTRUSDT0.0000%8h182.89−0.071%$3.4M$3.0M20xas long as short
Variational Omni PLTR0.0000%8h182.95−0.037%$735K$223Kas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT PLTR_USDT_Perp0.0000%8h183.01−0.005%$15K$659K10xas long as short
Phoenix PLTR0.0000%1h182.91−0.060%$30K$93K10xas long as short
QFEX PLTR-USD+0.0025%1h182.96−0.033%$1.2M$2.2M10xas long as short
Lighter PLTRshort+0.0032%1h182.79−0.125%$184K$253K10x
Lighter RH PLTR+0.0032%1h182.81−0.115%$364K$594K10xas long as short
Injective PLTR/USDC PERP+0.0033%1h181.69−0.727%$1K$42K30xas long as short
Arcus PLTR-USD+0.0040%1h182.90−0.066%$86K$47K10xas long as short
Vest PLTR-USD-PERP+0.0046%1h183.03+0.005%$124K25xas long as short
Hotstuff PLTR-PERP+0.0048%1h182.77−0.137%$29K$10K20xas long as short
SoDEX PLTR-USD+0.0050%1h182.91−0.060%$52K$3K10xas long as short
Ondo Perps PLTR-USD.P+0.0050%1h182.82−0.109%$358K$1.7M10xas long as short
Pacifica PLTR+0.0100%1h182.88−0.079%$193K$15K10xas long as short
KuCoin PLTRUSDTM+0.0100%8h182.90−0.066%$1.0M$48K20xas long as short
ApeX Omni PLTRUSDT+0.0100%1h182.93−0.049%$3K$8K50xas long as short
Aevo PLTR-PERP+0.0104%1h182.92−0.054%$9010xas long as short
BloFin PLTR-USDT+0.0120%8h183.00−0.011%$124K$243K20xas long as short
edgeX PLTRUSDC+0.0169%4h182.93−0.052%$42K$264K10xas long as short