PLTR Funding Rate — Palantir tokenized stock perpetuals across 13 venues
Tokenized stock (xStock) perpetual · compared across 13 venues · net of estimated fees · updated every few minutes
PLTR represents tokenized exposure to Palantir shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized PLTR perpetual funding across all 13 venues Perpia tracks. Right now PLTR funding is positive on 6 and negative on 1, ranging from +5.5% on Sodex to -13.7% on KuCoin — a spread of 19.2%. The widest delta-neutral trade is long KuCoin / short Sodex at 16.1% net APR.
PLTR funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
PLTR funding rate by venue
33 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Sodex↗ | +5.5% | 1h |
| Hyperliquid↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Vest↗ | +5.0% | 1h |
| Arcus↗ | +4.2% | 1h |
| Lighter↗ | +3.5% | 8h |
| Bitget↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
| Aster↗ | +0.0% | 8h |
| KuCoin↗ | -13.7% | 8h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs Sodex page.
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PLTR funding — FAQ
Is PLTR funding positive right now?
PLTR perpetual funding is positive on 6 of 13 venues Perpia tracks and negative on 1. The highest is +5.5% on Sodex; the lowest is -13.7% on KuCoin.
What is the best PLTR funding arbitrage right now?
Go long KuCoin and short Sodex for about 16.1% net APR after fees — the widest delta-neutral PLTR spread Perpia currently sees.
Which exchange has the highest PLTR funding rate?
Sodex, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.
How PLTR funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
See the full list on the tokenized stocks hub.