PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0385%/8h= −42.1% APRnext payment −$1.92 per $10,000 · paid last 24h −0.130%

Price spread now: Gate against Binance+0.008%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PRLUSDT	0.1180	0.0485	pay 0.0242% / 4h	1h 08m	$2.1M	$2.4M	20x
Short	Gate PRL_USDT	0.1180	0.0100	get 0.0050% / 4h	1h 08m	$100K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$80.81
Price spread: +0.008% → 0.000%: $0.85
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.96
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; Gate: 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, 12 min ago	4.23 bp	29.3 bp −$29	434.5 bp −$4,345	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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
Bybit PRLUSDT	+0.0100%	4h	0.1180	0.000%	$734K	$592K	25x	as long as short
Gate PRL_USDTshort	+0.0100%	4h	0.1180	+0.008%	$100K	$62K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1179	−0.085%	$848K	$415K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1180	0.000%	$1K	$1.2M	20x	as long as short
BloFin PRL-USDT	+0.0147%	4h	0.1179	−0.085%	$136K	$14K	25x	as long as short
KuCoin PRLUSDTM	+0.0188%	4h	0.1180	+0.034%	$1.5M	$270K	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0336%	1h	0.1179	−0.067%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0466%	4h	0.1179	−0.085%	—	$1.6M	—	as long as short
Aster PRLUSDT	+0.0468%	4h	0.1180	+0.007%	$5K	$1K	5x	as long as short
Binance PRLUSDTlong	+0.0485%	4h	0.1180	long leg	$2.1M	$2.4M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PRL-USD	+0.0488%	1h	0.1181	+0.101%	$1K	$147K	5x	as long as short
MEXC PRL_USDT	+0.0488%	4h	0.1180	0.000%	$499K	$176K	20x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2279%	1h	0.1181	+0.121%	—	—	10x	as long as short