PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.10 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against BingX−0.169%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on BingX Short on Binance

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+0.125%+$13 · spread now −0.169%, 7d avg +0.003%

Together, before fees−0.128%−$13 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 Binance is 0.172% cheaper against BingX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PRL-USDT	0.1182	0.0398	pay 0.0199% / 4h	59m 43s	—	$1.6M	—
Short	Binance PRLUSDT	0.1180	0.0377	get 0.0189% / 4h	59m 43s	$2.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.169%Rate

Funding earned: −$4.34
Price spread: −0.169% → +0.003%: −$17.22
Slippage, 4 orders: −$122.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$164.22
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Binance: live order book, 5 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 BingX live order book, 12 min ago	12.76 bp	41.3 bp −$41	118.9 bp −$1,189	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	4.25 bp	29.7 bp −$30	155.6 bp −$1,556	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
Gate PRL_USDT	+0.0100%	4h	0.1176	−0.499%	$99K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1178	−0.338%	$837K	$377K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1177	−0.423%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0160%	1h	0.1166	−1.396%	$17K	$12K	50x	as long as short
BloFin PRL-USDT	+0.0191%	4h	0.1177	−0.423%	$136K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0227%	4h	0.1180	−0.169%	$717K	$474K	25x	as long as short
KuCoin PRLUSDTM	+0.0332%	4h	0.1179	−0.262%	$1.5M	$276K	20x	as long as short
Extended PRL-USD	+0.0376%	1h	0.1180	−0.191%	$4K	$158K	5x	as long as short
Binance PRLUSDTshort	+0.0377%	4h	0.1180	−0.169%	$2.1M	$2.4M	20x
MEXC PRL_USDT	+0.0380%	4h	0.1181	−0.085%	$474K	$176K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PRL-USDTlong	+0.0398%	4h	0.1182	long leg	—	$1.6M	—
Aster PRLUSDT	+0.0433%	4h	0.1178	−0.303%	$6K	$614	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2676%	1h	0.1179	−0.248%	—	—	10x	as long as short