Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.013%

Price spread now: Gate against Hotstuff+0.038%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Gate

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.038% dearer against Hotstuff than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff PLTR-PERP	183.90	0.0120	pay 0.0015% / 1h	32m 09s	$29K	$10K	20x
Short	Gate PLTR_USDT	183.97	0	get 0.0000% / 8h	7h 32m	$325K	$791K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hotstuff. 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 HotstuffbpFee GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$25.2
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 64 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Gate live order book, 64 min ago	5.18 bp	43.8 bp −$44	471.7 bp −$4,717	doesn't fit	doesn't fit

Hotstuff: 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
Aster PLTRUSDT	0.0000%	8h	184.06	+0.086%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.94	+0.021%	$304K	$852K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.99	+0.047%	$9.1M	$31.7M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	184.00	+0.054%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	183.98	+0.044%	$1.8M	$2.5M	20x	as long as short
Gate PLTR_USDTshort	0.0000%	8h	183.97	+0.038%	$325K	$791K	50x
Bitget PLTRUSDT	0.0000%	8h	183.94	+0.022%	$3.4M	$3.2M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	184.02	+0.068%	$741K	$223K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	184.04	+0.077%	$15K	$521K	10x	as long as short
QFEX PLTR-USD	+0.0011%	1h	183.95	+0.027%	$1.2M	$2.1M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PLTR	+0.0032%	1h	183.86	−0.023%	$221K	$282K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	183.90	+0.002%	$376K	$583K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−1.202%	$1K	$42K	30x	as long as short
tradeXYZ xyz:PLTR	+0.0037%	1h	183.83	−0.038%	$12.1M	$6.6M	10x	as long as short
Arcus PLTR-USD	+0.0040%	1h	183.94	+0.022%	$84K	$49K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	184.15	+0.136%	—	$124K	25x	as long as short
Polymarket Perps PLTR-USD	+0.0050%	1h	183.90	0.000%	$216K	$666K	10x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.93	+0.016%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.83	−0.038%	$335K	$2.0M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	184.00	+0.054%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.95	+0.029%	$194K	$16K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.92	+0.011%	$1.0M	$101K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.95	+0.027%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	184.07	+0.092%	$90	—	10x	as long as short
Hotstuff PLTR-PERPlong	+0.0120%	1h	183.90	long leg	$29K	$10K	20x
BloFin PLTR-USDT	+0.0120%	8h	184.06	+0.087%	$128K	$272K	20x	as long as short
edgeX PLTRUSDC	+0.0165%	4h	184.02	+0.067%	$43K	$265K	10x	as long as short