Funding arb · Price arb /

PRL

all PRL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.042%

Price spread now: Coinbase International against Aster−0.033%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Coinbase International is 0.033% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PRLUSDT	0.1180	0.0589	pay 0.0295% / 4h	1h 50m	$5K	$1K	5x
Short	Coinbase International PRL-PERP-INTX	0.1179	0.0336	get 0.0042% / 1h	50m 53s	$17K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$53.13
Price spread: −0.033% → 0.000%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$74.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Coinbase International: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Aster and Coinbase International: 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.

PRL on 13 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
BloFin PRL-USDT	+0.0070%	4h	0.1181	+0.119%	$138K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1181	+0.119%	$731K	$592K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1178	−0.110%	$100K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1181	+0.119%	$853K	$420K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1178	−0.136%	$1K	$1.2M	20x	as long as short
Coinbase International PRL-PERP-INTXshort	+0.0336%	1h	0.1179	−0.033%	$17K	$12K	50x
KuCoin PRLUSDTM	+0.0370%	4h	0.1180	+0.068%	$1.5M	$269K	20x	as long as short
BingX PRL-USDT	+0.0548%	4h	0.1180	+0.034%	—	$1.6M	—	as long as short
Binance PRLUSDT	+0.0575%	4h	0.1181	+0.119%	$2.1M	$2.4M	20x	as long as short
Extended PRL-USD	+0.0576%	1h	0.1181	+0.093%	$3K	$167K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PRL_USDT	+0.0576%	4h	0.1181	+0.119%	$499K	$173K	20x	as long as short
Aster PRLUSDTlong	+0.0589%	4h	0.1180	long leg	$5K	$1K	5x
Deribit PRL_USDC-PERPETUAL	+0.1932%	1h	0.1180	+0.062%	—	—	10x	as long as short