PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%

Price spread now: BingX against Binance−0.043%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1311.308% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.043%, 7d avg −0.003%

Together, before fees+0.341%+$34 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 BingX is 0.040% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.253%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PRLUSDT	0.1179	0.0562	pay 0.0281% / 4h	1h 40m	$2.1M	$2.4M	20x
Short	BingX PRL-USDT	0.1178	0.0530	get 0.0265% / 4h	1h 40m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$6.73
Price spread: −0.043% → −0.003%: −$4.02
Slippage, 4 orders: −$110.75
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$141.51
Costs to cover: 1.308%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 7 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 Binance live order book, 9 min ago	4.24 bp	31.9 bp −$32	348.8 bp −$3,488	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	8.49 bp	28.9 bp −$29	92.8 bp −$928	943.5 bp −$94.4K	1362.3 bp −$681.1K

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
Gate PRL_USDT	+0.0100%	4h	0.1177	−0.154%	$99K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1179	+0.042%	$837K	$380K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1178	−0.043%	$1K	$1.1M	20x	as long as short
Bybit PRLUSDT	+0.0115%	4h	0.1180	+0.126%	$721K	$469K	25x	as long as short
BloFin PRL-USDT	+0.0120%	4h	0.1179	+0.042%	$137K	$14K	25x	as long as short
Coinbase International PRL-PERP-INTX	+0.0160%	1h	0.1166	−1.104%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0520%	4h	0.1179	+0.084%	$1.5M	$281K	20x	as long as short
BingX PRL-USDTshort	+0.0530%	4h	0.1178	−0.043%	—	$1.6M	—
Extended PRL-USD	+0.0552%	1h	0.1179	+0.022%	$4K	$158K	5x	as long as short
MEXC PRL_USDT	+0.0554%	4h	0.1178	−0.043%	$472K	$173K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDTlong	+0.0562%	4h	0.1179	long leg	$2.1M	$2.4M	20x
Aster PRLUSDT	+0.0582%	4h	0.1178	−0.017%	$6K	$614	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2672%	1h	0.1181	+0.171%	—	—	10x	as long as short