Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0985%/8h= +107.9% APRpaid last 24h +0.147%

Price spread now: edgeX against tradeXYZ+0.140%46s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs+$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.416% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.917%+$92 on $10k

Price spread, last 4 days (all we have)−0.453%−$45 · spread now +0.140%, 7d avg +0.048%

Together, before fees+0.465%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.091% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLTR	182.40	−0.0081	get 0.0010% / 1h	14m 41s	$12.0M	$6.3M	10x
Short	edgeX PLTRUSDC	182.65	0.0904	get 0.0452% / 4h	2h 14m	$42K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $206.87
Price spread: +0.140% → +0.048%: $9.12
Slippage, 4 orders: −$14.59
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $174.4
Costs to cover: 0.416%
Break-even: 1.1 days

Slippage from tradeXYZ: live order book, 4 min ago; edgeX: live order book, 53 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 tradeXYZ live order book, 4 min ago	1.10 bp	10.7 bp −$11	13.5 bp −$135	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	4.91 bp	9.9 bp −$10	15.6 bp −$156	doesn't fit	doesn't fit

PLTR on 26 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	−0.0093%	1h	182.34	−0.033%	$214K	$677K	10x	as long as short
tradeXYZ xyz:PLTRlong	−0.0081%	1h	182.40	long leg	$12.0M	$6.3M	10x
Aster PLTRUSDT	0.0000%	8h	182.89	+0.270%	$61K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.51	+0.062%	$303K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.56	+0.088%	$9.0M	$30.2M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.57	+0.093%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAP	0.0000%	8h	182.55	+0.082%	$1.7M	$2.3M	20x	as long as short
Gate PLTR_USDT	0.0000%	8h	182.58	+0.099%	$332K	$721K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.54	+0.077%	$3.4M	$3.0M	20x	as long as short
Variational Omni PLTR	0.0000%	8h	182.59	+0.105%	$737K	$219K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PLTR_USDT_Perp	0.0000%	8h	182.69	+0.159%	$16K	$670K	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.47	+0.038%	$184K	$264K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.44	+0.022%	$366K	$607K	10x	as long as short
Hotstuff PLTR-PERP	+0.0032%	1h	182.40	0.000%	$29K	$10K	20x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.389%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.58	+0.099%	$86K	$46K	10x	as long as short
QFEX PLTR-USD	+0.0042%	1h	182.54	+0.077%	$1.2M	$2.4M	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.64	+0.132%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.53	+0.071%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.39	−0.005%	$392K	$1.6M	10x	as long as short
Phoenix PLTR	+0.0087%	1h	182.53	+0.071%	$30K	$93K	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.54	+0.079%	$192K	$14K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.58	+0.099%	$1.1M	$28K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.56	+0.088%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.56	+0.089%	$89	—	10x	as long as short
edgeX PLTRUSDCshort	+0.0904%	4h	182.65	+0.140%	$42K	$263K	10x