PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against Binance−0.002%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,103as in the Price arb table

costs, in and out, $10k−$1,10811.083% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.002%, 7d avg −0.056%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.054% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PRLUSDT	0.1174	0.0621	pay 0.0311% / 4h	2h 29m	$2.1M	$2.4M	20x
Short	KuCoin PRLUSDTM	0.1173	0.0612	get 0.0306% / 4h	2h 29m	$1.5M	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$1.9
Price spread: −0.002% → −0.056%: $5.44
Slippage, 4 orders: −$1,086.33
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,104.78
Costs to cover: 11.083%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago	4.26 bp	34.6 bp −$35	381.3 bp −$3,813	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.26 bp	439.7 bp −$440	doesn't fit	doesn't fit	doesn't fit

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	+0.0077%	4h	0.1171	−0.215%	$138K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1172	−0.129%	$714K	$468K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1171	−0.249%	$98K	$64K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1172	−0.129%	$832K	$381K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1171	−0.215%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0280%	1h	0.1166	−0.683%	$17K	$12K	50x	as long as short
Aster PRLUSDT	+0.0550%	4h	0.1172	−0.095%	$6K	$614	5x	as long as short
BingX PRL-USDT	+0.0592%	4h	0.1173	−0.044%	—	$1.6M	—	as long as short
KuCoin PRLUSDTMshort	+0.0612%	4h	0.1173	−0.002%	$1.5M	$287K	20x
MEXC PRL_USDT	+0.0620%	4h	0.1173	−0.044%	$470K	$174K	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	+0.0621%	4h	0.1174	long leg	$2.1M	$2.4M	20x
Extended PRL-USD	+0.0624%	1h	0.1173	−0.011%	$4K	$158K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1192%	1h	0.1174	−0.001%	—	—	10x	as long as short