PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0377%/8h= +41.2% APRnext payment +$1.88 per $10,000 · paid last 24h +0.158%

Price spread now: Binance against Bitget+0.051%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.051%, 7d avg +0.061%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PRLUSDT	0.1173	0.0100	pay 0.0050% / 4h	2h 33m	$838K	$404K	20x
Short	Binance PRLUSDT	0.1174	0.0477	get 0.0238% / 4h	2h 33m	$2.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $79.09
Price spread: +0.051% → +0.061%: −$1
Slippage, 4 orders: −$102.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.01
Costs to cover: 1.241%
Break-even: 11.1 days

Slippage from Bitget: live order book, 32 min ago; Binance: live order book, 1 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 Bitget live order book, 32 min ago	8.45 bp	33.3 bp −$33	219.1 bp −$2,191	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	4.26 bp	33.8 bp −$34	149.3 bp −$1,493	doesn't fit	doesn't fit

PRL on 12 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	0.1175	+0.162%	$99K	$63K	20x	as long as short
Bitget PRLUSDTlong	+0.0100%	4h	0.1173	long leg	$838K	$404K	20x
SunX PRL-USDT	+0.0100%	4h	0.1172	−0.085%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0272%	1h	0.1184	+0.925%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0426%	4h	0.1173	0.000%	$1.5M	$262K	20x	as long as short
Extended PRL-USD	+0.0472%	1h	0.1173	−0.027%	$2K	$157K	5x	as long as short
MEXC PRL_USDT	+0.0472%	4h	0.1173	0.000%	$466K	$172K	20x	as long as short
Binance PRLUSDTshort	+0.0477%	4h	0.1174	+0.051%	$2.1M	$2.4M	20x
Aster PRLUSDT	+0.0534%	4h	0.1173	−0.041%	$6K	$614	5x	as long as short
BingX PRL-USDT	+0.0770%	4h	0.1174	+0.085%	—	$1.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.0953%	4h	0.1174	+0.085%	$782K	$548K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2870%	1h	0.1174	+0.059%	—	—	10x	as long as short