Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.113%

Price spread now: KuCoin against Bitget+0.152%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$838as in the Funding arb table

Net, price: spread back to 7d avg − costs−$853as in the Price arb table

costs, in and out, $10k−$8678.674% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.291%+$29 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.152%, 7d avg +0.004%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.148% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PRLUSDT	0.1183	0.0100	pay 0.0050% / 4h	1m 42s	$851K	$396K	20x
Short	KuCoin PRLUSDTM	0.1185	0.0100	get 0.0050% / 4h	1m 42s	$1.5M	$273K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.004%: $14.8
Slippage, 4 orders: −$843.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$852.59
Costs to cover: 8.674%
Break-even: never at this rate

Slippage from Bitget: live order book, 34 min ago; KuCoin: live order book, 4 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, 34 min ago	8.49 bp	47.9 bp −$48	402.6 bp −$4,026	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.72 bp	243.6 bp −$244	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
BloFin PRL-USDT	+0.0062%	4h	0.1184	+0.085%	$101K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1186	+0.254%	$738K	$595K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1185	+0.152%	$100K	$61K	20x	as long as short
KuCoin PRLUSDTMshort	+0.0100%	4h	0.1185	+0.152%	$1.5M	$273K	20x
Bitget PRLUSDTlong	+0.0100%	4h	0.1183	long leg	$851K	$396K	20x
SunX PRL-USDT	+0.0100%	4h	0.1184	+0.085%	$2K	$1.2M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0368%	1h	0.1179	−0.320%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0380%	4h	0.1185	+0.169%	—	$1.6M	—	as long as short
MEXC PRL_USDT	+0.0390%	4h	0.1184	+0.085%	$503K	$168K	20x	as long as short
Binance PRLUSDT	+0.0392%	4h	0.1185	+0.169%	$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
Extended PRL-USD	+0.0392%	1h	0.1184	+0.057%	$775	$215K	5x	as long as short
Aster PRLUSDT	+0.0402%	4h	0.1184	+0.047%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1974%	1h	0.1185	+0.176%	—	—	10x	as long as short