Funding you earn now, next payment 00:00 UTC−0.0165%/8h= −18.0% APRnext payment −$0.82 per $10,000 · paid last 24h −0.092%
Price spread now: BloFin against BingX0.000%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2022.025% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)+0.391%+$39 · spread now 0.000%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.064% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PRL-USDT | 0.1184 | 0.0390 | pay 0.0195% / 4h | 7m 11s | — | $1.6M | — |
| Short | BloFin PRL-USDT | 0.1184 | 0.0225 | get 0.0113% / 4h | 7m 11s | $136K | $14K | 25x |
BingX PRL-USDT
BloFin PRL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$34.59
- Price spread: 0.000% → +0.064%
- −$6.4
- Slippage, 4 orders
- −$180.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$243.47
- Costs to cover
- 2.025%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 54 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, 10 min ago | 12.69 bp | 49.4 bp −$49 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 4.24 bp | 68.5 bp −$68 | 463.2 bp −$4,632 | 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 | 0.1184 | +0.034% | $100K | $62K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1183 | −0.084% | $845K | $378K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1181 | −0.253% | $1K | $1.1M | 20x | as long as short |
| Coinbase International PRL-PERP-INTX | +0.0176% | 1h | 0.1166 | −1.563% | $17K | $12K | 50x | as long as short |
| BloFin PRL-USDTshort | +0.0225% | 4h | 0.1184 | 0.000% | $136K | $14K | 25x | |
| Bybit PRLUSDT | +0.0240% | 4h | 0.1183 | −0.084% | $803K | $526K | 25x | as long as short |
| KuCoin PRLUSDTM | +0.0282% | 4h | 0.1183 | −0.093% | $1.5M | $266K | 20x | as long as short |
| BingX PRL-USDTlong | +0.0390% | 4h | 0.1184 | long leg | — | $1.6M | — | |
| Extended PRL-USD | +0.0408% | 1h | 0.1182 | −0.189% | $4K | $158K | 5x | as long as short |
| MEXC PRL_USDT | +0.0408% | 4h | 0.1182 | −0.169% | $473K | $175K | 20x | as long as short |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
Coinbase International PRL-PERP-INTX
Bybit PRLUSDT
KuCoin PRLUSDTM
Extended PRL-USD
MEXC PRL_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PRLUSDT | +0.0408% | 4h | 0.1182 | −0.184% | $2.1M | $2.4M | 20x | as long as short |
| Aster PRLUSDT | +0.0493% | 4h | 0.1182 | −0.132% | $6K | $614 | 5x | as long as short |
| Deribit PRL_USDC-PERPETUAL | +0.1367% | 1h | 0.1183 | −0.086% | — | — | 10x | as long as short |
Binance PRLUSDT
Aster PRLUSDT
Deribit PRL_USDC-PERPETUAL