PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0566%/8h= +62.0% APRnext payment +$2.83 per $10,000 · paid last 24h +0.142%

Price spread now: BingX against Bitget+0.085%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.409% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.503%+$50 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.085%, 7d avg +0.038%

Together, before fees+0.529%+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BingX is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PRLUSDT	0.1178	0.0100	pay 0.0050% / 4h	2h 32m	$846K	$419K	20x
Short	BingX PRL-USDT	0.1179	0.0666	get 0.0333% / 4h	2h 32m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $118.86
Price spread: +0.085% → +0.038%: $4.72
Slippage, 4 orders: −$118.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.36
Costs to cover: 1.409%
Break-even: 8.0 days

Slippage from Bitget: live order book, 14 min ago; BingX: live order book, 10 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, 14 min ago	8.47 bp	48.2 bp −$48	330.1 bp −$3,301	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	12.73 bp	35.4 bp −$35	103.8 bp −$1,038	898.9 bp −$89.9K	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
BloFin PRL-USDT	+0.0095%	4h	0.1184	+0.509%	$139K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1179	+0.085%	$726K	$583K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1180	+0.204%	$100K	$65K	20x	as long as short
Bitget PRLUSDTlong	+0.0100%	4h	0.1178	long leg	$846K	$419K	20x
SunX PRL-USDT	+0.0100%	4h	0.1177	−0.085%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	+0.103%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0548%	4h	0.1178	−0.017%	$1.5M	$264K	20x	as long as short
BingX PRL-USDTshort	+0.0666%	4h	0.1179	+0.085%	—	$1.6M	—
Extended PRL-USD	+0.0672%	1h	0.1179	+0.105%	$3K	$167K	5x	as long as short
Binance PRLUSDT	+0.0672%	4h	0.1180	+0.130%	$2.1M	$2.4M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PRL_USDT	+0.0684%	4h	0.1179	+0.085%	$473K	$176K	20x	as long as short
Aster PRLUSDT	+0.0715%	4h	0.1178	+0.042%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1483%	1h	0.1179	+0.081%	—	—	10x	as long as short