Funding you earn now, next payment 02:00 UTC+0.2230%/8h= +244.2% APRpaid last 24h —
Price spread now: Deribit against Binance+0.024%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Deribit is 0.024% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PRLUSDT | 0.1173 | 0.0479 | pay 0.0239% / 4h | 2h 30m | $2.1M | $2.4M | 20x |
| Short | Deribit PRL_USDC-PERPETUAL | 0.1173 | 0.2709 | get 0.0339% / 1h | 30m 45s | — | — | 10x |
Binance PRLUSDT
Deribit PRL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $468.35
- Price spread: +0.024% → 0.000%
- $2.38
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $453.73
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Binance: live order book, 4 min ago; Deribit: 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 Binance live order book, 4 min ago | 4.26 bp | 28.8 bp −$29 | 354.7 bp −$3,547 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 12 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 | 0.1174 | +0.156% | $99K | $63K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1173 | +0.037% | $838K | $403K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1173 | +0.037% | $1K | $1.1M | 20x | as long as short |
| Coinbase International PRL-PERP-INTX | +0.0272% | 1h | 0.1184 | +0.962% | $17K | $12K | 50x | as long as short |
| KuCoin PRLUSDTM | +0.0438% | 4h | 0.1173 | +0.028% | $1.5M | $261K | 20x | as long as short |
| MEXC PRL_USDT | +0.0476% | 4h | 0.1173 | +0.037% | $470K | $173K | 20x | as long as short |
| Binance PRLUSDTlong | +0.0479% | 4h | 0.1173 | long leg | $2.1M | $2.4M | 20x | |
| Extended PRL-USD | +0.0480% | 1h | 0.1173 | +0.011% | $2K | $157K | 5x | as long as short |
| Aster PRLUSDT | +0.0533% | 4h | 0.1172 | −0.043% | $6K | $614 | 5x | as long as short |
| BingX PRL-USDT | +0.0866% | 4h | 0.1173 | +0.037% | — | $1.6M | — | as long as short |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
Coinbase International PRL-PERP-INTX
KuCoin PRLUSDTM
MEXC PRL_USDT
Extended PRL-USD
Aster PRLUSDT
BingX PRL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PRLUSDT | +0.1017% | 4h | 0.1174 | +0.122% | $783K | $546K | 25x | as long as short |
| Deribit PRL_USDC-PERPETUALshort | +0.2709% | 1h | 0.1173 | +0.024% | — | — | 10x |
Bybit PRLUSDT