PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.005%

Price spread now: MEXC against BingX+0.085%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.085%, 7d avg −0.010%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.095% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PRL-USDT	0.1181	0.0390	pay 0.0195% / 4h	6m 27s	—	$1.6M	—
Short	MEXC PRL_USDT	0.1182	0.0408	get 0.0204% / 4h	6m 27s	$473K	$175K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $3.78
Price spread: +0.085% → −0.010%: $9.51
Slippage, 4 orders: −$111.32
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.03
Costs to cover: 1.253%
Break-even: 214.5 days

Slippage from BingX: live order book, 11 min ago; MEXC: 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, 11 min ago	12.69 bp	49.4 bp −$49	135.9 bp −$1,359	doesn't fit	doesn't fit
Sell MEXC live order book, 63 min ago	4.25 bp	20.9 bp −$21	68.2 bp −$682	296.3 bp −$29.6K	886.5 bp −$443.2K

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	+0.262%	$100K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1182	+0.085%	$845K	$378K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1181	0.000%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.312%	$17K	$12K	50x	as long as short
BloFin PRL-USDT	+0.0225%	4h	0.1184	+0.254%	$136K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0247%	4h	0.1183	+0.169%	$803K	$526K	25x	as long as short
KuCoin PRLUSDTM	+0.0278%	4h	0.1182	+0.076%	$1.5M	$266K	20x	as long as short
BingX PRL-USDTlong	+0.0390%	4h	0.1181	long leg	—	$1.6M	—
Extended PRL-USD	+0.0408%	1h	0.1182	+0.092%	$4K	$158K	5x	as long as short
MEXC PRL_USDTshort	+0.0408%	4h	0.1182	+0.085%	$473K	$175K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDT	+0.0410%	4h	0.1182	+0.103%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0491%	4h	0.1182	+0.044%	$6K	$614	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1367%	1h	0.1183	+0.168%	—	—	10x	as long as short