Funding arb · Price arb /

PLTR

RWAall PLTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h +0.023%

Price spread now: Bybit against QFEX−0.005%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.005%, 7d avg +0.065%

Together, before fees+0.079%+$8 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 Bybit is 0.070% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX PLTR-USD	182.74	0.0027	pay 0.0003% / 1h	46m 39s	$1.2M	$2.3M	10x
Short	Bybit PLTRUSDT	182.73	0	get 0.0000% / 8h	3h 46m	$3.1M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$5.63
Price spread: −0.005% → +0.065%: −$7.01
Slippage, 4 orders: −$30.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.13
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 6 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 QFEX live order book, 5 min ago	1.92 bp	7.3 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.64 bp	17.9 bp −$18	89.0 bp −$890	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
tradeXYZ xyz:PLTR	−0.0154%	1h	182.54	−0.109%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USD	−0.0123%	1h	182.48	−0.142%	$214K	$677K	10x	as long as short
Hotstuff PLTR-PERP	−0.0056%	1h	182.52	−0.120%	$29K	$10K	20x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.77	+0.017%	$60K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.70	−0.023%	$302K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.75	+0.005%	$9.0M	$30.4M	20x	as long as short
Bybit PLTRUSDTshort	0.0000%	8h	182.73	−0.005%	$3.1M	$2.4M	25x
OKX PLTR-USDT-SWAP	0.0000%	8h	182.60	−0.077%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.69	−0.027%	$332K	$708K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.68	−0.033%	$3.4M	$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	182.67	−0.037%	$738K	$220K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.61	−0.071%	$15K	$670K	10x	as long as short
QFEX PLTR-USDlong	+0.0027%	1h	182.74	long leg	$1.2M	$2.3M	10x
Lighter PLTR	+0.0032%	1h	182.56	−0.098%	$184K	$255K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.59	−0.082%	$366K	$595K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.575%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.66	−0.044%	$85K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.60	−0.077%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.75	+0.005%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.68	−0.033%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.52	−0.120%	$354K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.63	−0.062%	$192K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.60	−0.077%	$1.0M	$40K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.53	−0.115%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.69	−0.025%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.69	−0.027%	$123K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0976%	4h	182.64	−0.057%	$42K	$264K	10x	as long as short