Funding you earn now, next payment 00:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.84 per $10,000 · paid last 24h −0.092%
Price spread now: Bybit against BingX0.000%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3273.272% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now 0.000%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.048% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PRL-USDT | 0.1182 | 0.0392 | pay 0.0196% / 4h | 11m 39s | — | $1.6M | — |
| Short | Bybit PRLUSDT | 0.1182 | 0.0225 | get 0.0112% / 4h | 11m 39s | $802K | $526K | 25x |
BingX PRL-USDT
Bybit PRLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$35.12
- Price spread: 0.000% → +0.048%
- −$4.83
- Slippage, 4 orders
- −$306.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$367.19
- Costs to cover
- 3.272%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 63 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, 6 min ago | 12.69 bp | 49.4 bp −$49 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 63 min ago | 4.25 bp | 107.5 bp −$108 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PRL_USDT | +0.0100% | 4h | 0.1184 | +0.152% | $100K | $62K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1182 | 0.000% | $845K | $377K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1181 | −0.085% | $2K | $1.1M | 20x | as long as short |
| Coinbase International PRL-PERP-INTX | +0.0176% | 1h | 0.1166 | −1.396% | $17K | $12K | 50x | as long as short |
| BloFin PRL-USDT | +0.0190% | 4h | 0.1182 | 0.000% | $136K | $14K | 25x | as long as short |
| Bybit PRLUSDTshort | +0.0225% | 4h | 0.1182 | 0.000% | $802K | $526K | 25x | |
| KuCoin PRLUSDTM | +0.0266% | 4h | 0.1182 | 0.000% | $1.5M | $268K | 20x | as long as short |
| BingX PRL-USDTlong | +0.0392% | 4h | 0.1182 | long leg | — | $1.6M | — | |
| MEXC PRL_USDT | +0.0398% | 4h | 0.1181 | −0.085% | $473K | $174K | 20x | as long as short |
| Extended PRL-USD | +0.0400% | 1h | 0.1181 | −0.105% | $4K | $158K | 5x | as long as short |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
Coinbase International PRL-PERP-INTX
BloFin PRL-USDT
KuCoin PRLUSDTM
MEXC PRL_USDT
Extended PRL-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PRLUSDT | +0.0401% | 4h | 0.1182 | −0.026% | $2.1M | $2.4M | 20x | as long as short |
| Aster PRLUSDT | +0.0477% | 4h | 0.1181 | −0.124% | $6K | $614 | 5x | as long as short |
| Deribit PRL_USDC-PERPETUAL | +0.2005% | 1h | 0.1182 | +0.003% | — | — | 10x | as long as short |
Binance PRLUSDT
Aster PRLUSDT
Deribit PRL_USDC-PERPETUAL