Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended−0.040%7-day average +0.006% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.040%, 7d avg +0.006%

Together, before fees−0.033%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.046% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PLTR_24_5-USD	183.53	0.0032	pay 0.0004% / 1h	26m 54s	$304K	$1.8M	10x
Short	Variational Omni PLTR	183.46	0	get 0.0000% / 8h	7h 26m	$737K	$216K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.040%Rate

Funding earned: −$6.72
Price spread: −0.040% → +0.006%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.33
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; Variational Omni: RFQ quote, 47 min ago. 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 Extended live order book, 2 min ago	1.64 bp	9.8 bp −$10	84.9 bp −$849	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 47 min ago	2.70 bp	doesn't fit	14.6 bp −$146	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
Aster PLTRUSDT	0.0000%	8h	183.38	−0.084%	$60K	$37K	50x	as long as short
Bybit PLTRUSDT	0.0000%	8h	183.62	+0.049%	$3.1M	$2.3M	25x	as long as short
Gate PLTR_USDT	0.0000%	8h	183.46	−0.038%	$334K	$704K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.37	−0.087%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTRshort	0.0000%	8h	183.46	−0.040%	$737K	$216K	—
GRVT PLTR_USDT_Perp	0.0000%	8h	183.47	−0.035%	$16K	$681K	10x	as long as short
tradeXYZ xyz:PLTR	+0.0030%	1h	183.35	−0.098%	$12.1M	$6.3M	10x	as long as short
Binance PLTRUSDT	+0.0030%	8h	183.57	+0.022%	$9.2M	$29.7M	20x	as long as short
Lighter PLTR	+0.0032%	1h	183.41	−0.063%	$185K	$260K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.45	−0.041%	$366K	$608K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PLTR_24_5-USDlong	+0.0032%	1h	183.53	long leg	$304K	$1.8M	10x
OKX PLTR-USDT-SWAP	+0.0033%	8h	183.53	0.000%	$1.7M	$2.2M	20x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.003%	$1K	$42K	30x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.56	+0.016%	—	$124K	25x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	183.28	−0.136%	$213K	$675K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.51	−0.011%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.23	−0.164%	$450K	$1.5M	10x	as long as short
QFEX PLTR-USD	+0.0062%	1h	183.52	−0.005%	$1.2M	$2.5M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.39	−0.076%	$193K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.34	−0.104%	$1.1M	$24K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.42	−0.060%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.53	−0.002%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.58	+0.027%	$125K	$194K	20x	as long as short
Phoenix PLTR	+0.0131%	1h	183.44	−0.049%	$30K	$107K	10x	as long as short
Hotstuff PLTR-PERP	+0.0176%	1h	183.33	−0.109%	$29K	$10K	20x	as long as short
edgeX PLTRUSDC	+0.0283%	4h	183.51	−0.010%	$43K	$263K	10x	as long as short
Arcus PLTR-USD	+0.0599%	1h	183.45	−0.044%	$86K	$46K	10x	as long as short