PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0280%/8h= +30.7% APRnext payment +$1.40 per $10,000 · paid last 24h +0.156%

Price spread now: MEXC against Bitget0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now 0.000%, 7d avg +0.027%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.222% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PRLUSDT	0.1181	0.0100	pay 0.0050% / 4h	3h 41m	$838K	$385K	20x
Short	MEXC PRL_USDT	0.1181	0.0380	get 0.0190% / 4h	3h 41m	$471K	$172K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $58.8
Price spread: 0.000% → +0.027%: −$2.75
Slippage, 4 orders: −$86.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.33
Costs to cover: 1.024%
Break-even: 12.5 days

Slippage from Bitget: live order book, 29 min ago; MEXC: live order book, 23 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, 29 min ago	12.69 bp	34.3 bp −$34	253.3 bp −$2,533	doesn't fit	doesn't fit
Sell MEXC live order book, 23 min ago	4.22 bp	22.3 bp −$22	71.4 bp −$714	308.0 bp −$30.8K	883.4 bp −$441.7K

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	0.1182	+0.059%	$99K	$62K	20x	as long as short
Bitget PRLUSDTlong	+0.0100%	4h	0.1181	long leg	$838K	$385K	20x
SunX PRL-USDT	+0.0100%	4h	0.1179	−0.169%	$2K	$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
KuCoin PRLUSDTM	+0.0260%	4h	0.1180	−0.068%	$1.5M	$266K	20x	as long as short
MEXC PRL_USDTshort	+0.0380%	4h	0.1181	0.000%	$471K	$172K	20x
Extended PRL-USD	+0.0384%	1h	0.1181	+0.016%	$2K	$157K	5x	as long as short
Binance PRLUSDT	+0.0387%	4h	0.1182	+0.057%	$2.1M	$2.4M	20x	as long as short
BingX PRL-USDT	+0.0460%	4h	0.1181	0.000%	—	$1.6M	—	as long as short
Aster PRLUSDT	+0.0486%	4h	0.1179	−0.160%	$6K	$614	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.0836%	4h	0.1181	0.000%	$800K	$529K	25x	as long as short
BloFin PRL-USDT	+0.0862%	4h	0.1181	0.000%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2297%	1h	0.1181	−0.021%	—	—	10x	as long as short