Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.005%

Price spread now: Lighter against OKX−0.078%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.078%, 7d avg −0.102%

Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PLTR-USDT-SWAP	183.30	0	get 0.0000% / 8h	1h 25m	$1.7M	$2.3M	20x
Short	Lighter PLTR	183.16	0.0032	get 0.0004% / 1h	25m 34s	$184K	$253K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.078%Rate

Funding earned: $6.72
Price spread: −0.078% → −0.102%: $2.4
Slippage, 4 orders: −$16.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.02
Costs to cover: 0.261%
Break-even: 24.7 days

Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 65 min ago.

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 OKX live order book, 1 min ago	1.64 bp	11.0 bp −$11	38.4 bp −$384	doesn't fit	doesn't fit
Sell Lighter live order book, 65 min ago	1.67 bp	1.7 bp −$2	8.4 bp −$84	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
Polymarket Perps PLTR-USD	−0.0117%	1h	183.04	−0.142%	$215K	$677K	10x	as long as short
tradeXYZ xyz:PLTR	−0.0042%	1h	183.11	−0.104%	$12.1M	$6.3M	10x	as long as short
Aster PLTRUSDT	0.0000%	8h	183.42	+0.068%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	183.19	−0.061%	$303K	$854K	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	183.24	−0.033%	$8.9M	$30.6M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	183.24	−0.033%	$2.9M	$2.5M	25x	as long as short
OKX PLTR-USDT-SWAPlong	0.0000%	8h	183.30	long leg	$1.7M	$2.3M	20x
Gate PLTR_USDT	0.0000%	8h	183.20	−0.055%	$340K	$739K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	183.18	−0.065%	$3.3M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	183.28	−0.012%	$738K	$225K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	183.28	−0.011%	$15K	$647K	10x	as long as short
QFEX PLTR-USD	+0.0022%	1h	183.15	−0.082%	$1.2M	$2.2M	10x	as long as short
Lighter PLTRshort	+0.0032%	1h	183.16	−0.078%	$184K	$253K	10x
Lighter RH PLTR	+0.0032%	1h	183.20	−0.055%	$364K	$594K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.878%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	183.21	−0.049%	$86K	$47K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	183.32	+0.011%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	183.24	−0.033%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	183.24	−0.033%	$351K	$1.8M	10x	as long as short
Hotstuff PLTR-PERP	+0.0064%	1h	183.10	−0.109%	$29K	$10K	20x	as long as short
Phoenix PLTR	+0.0087%	1h	183.07	−0.125%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	183.16	−0.075%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	183.12	−0.098%	$1.0M	$50K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	183.22	−0.044%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	183.26	−0.020%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	183.38	+0.044%	$124K	$249K	20x	as long as short
edgeX PLTRUSDC	+0.0455%	4h	183.30	+0.001%	$42K	$263K	10x	as long as short