Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: SunX against Bitget+0.085%50s7-day average −0.056% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.085%, 7d avg −0.056%

Together, before fees−0.021%−$2 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: SunX is 0.141% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PRLUSDT	0.1172	0.0100	pay 0.0050% / 4h	2h 08m	$833K	$399K	20x
Short	SunX PRL-USDT	0.1173	0.0100	get 0.0050% / 4h	2h 08m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.056%: $14.12
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$5.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 57 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 57 min ago	8.45 bp	33.3 bp −$33	219.1 bp −$2,191	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	502.55 bp	doesn't fit	doesn't fit	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	+0.230%	$99K	$64K	20x	as long as short
Bitget PRLUSDTlong	+0.0100%	4h	0.1172	long leg	$833K	$399K	20x
SunX PRL-USDTshort	+0.0100%	4h	0.1173	+0.085%	$2K	$1.1M	20x
Coinbase International PRL-PERP-INTX	+0.0272%	1h	0.1184	+1.011%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0426%	4h	0.1174	+0.145%	$1.5M	$254K	20x	as long as short
Extended PRL-USD	+0.0456%	1h	0.1173	+0.061%	$690	$155K	5x	as long as short
MEXC PRL_USDT	+0.0458%	4h	0.1172	0.000%	$470K	$174K	20x	as long as short
Binance PRLUSDT	+0.0459%	4h	0.1174	+0.156%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0501%	4h	0.1173	+0.102%	$6K	$614	5x	as long as short
Bybit PRLUSDT	+0.0957%	4h	0.1173	+0.085%	$782K	$546K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PRL-USDT	+0.0980%	4h	0.1174	+0.171%	—	$1.6M	—	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2151%	1h	0.1173	+0.119%	—	—	10x	as long as short