PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1257%/8h= +137.7% APRnext payment +$6.29 per $10,000 · paid last 24h +0.064%

Price spread now: BloFin against Bitget+0.170%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1851.854% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

Price spread, last 3 days (all we have)+0.248%+$25 · spread now +0.170%, 7d avg +0.097%

Together, before fees+0.610%+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and BloFin is 0.073% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.362% in total (about 18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.29 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	0.1177	0.0100	pay 0.0050% / 4h	3h 18m	$835K	$390K	20x
Short	BloFin PRL-USDT	0.1179	0.1357	get 0.0679% / 4h	3h 18m	$136K	$14K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.170%Rate

Funding earned: $264.06
Price spread: +0.170% → +0.097%: $7.3
Slippage, 4 orders: −$161.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $85.99
Costs to cover: 1.854%
Break-even: 4.7 days

Slippage from Bitget: live order book, 52 min ago; BloFin: live order book, 37 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, 52 min ago	12.69 bp	34.3 bp −$34	253.3 bp −$2,533	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	8.48 bp	65.9 bp −$66	498.3 bp −$4,983	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	0.1177	+0.042%	$99K	$62K	20x	as long as short
Bitget PRLUSDTlong	+0.0100%	4h	0.1177	long leg	$835K	$390K	20x
SunX PRL-USDT	+0.0100%	4h	0.1176	−0.085%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−0.977%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0350%	4h	0.1177	+0.034%	$1.5M	$263K	20x	as long as short
Binance PRLUSDT	+0.0453%	4h	0.1177	0.000%	$2.1M	$2.4M	20x	as long as short
Extended PRL-USD	+0.0456%	1h	0.1177	−0.008%	$2K	$164K	5x	as long as short
MEXC PRL_USDT	+0.0456%	4h	0.1176	−0.085%	$470K	$174K	20x	as long as short
Aster PRLUSDT	+0.0529%	4h	0.1177	−0.022%	$6K	$614	5x	as long as short
Bybit PRLUSDT	+0.1288%	4h	0.1177	0.000%	$795K	$531K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PRL-USDTshort	+0.1357%	4h	0.1179	+0.170%	$136K	$14K	25x
BingX PRL-USDT	+0.1728%	4h	0.1177	0.000%	—	$1.6M	—	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2713%	1h	0.1178	+0.089%	—	—	10x	as long as short