Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BloFin+0.341%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$403as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$4034.029% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−1.563%−$156 · spread now +0.341%, 7d avg −0.022%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.363% dearer against BloFin than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PRL-USDT | 0.1172 | 0.0914 | pay 0.0457% / 4h | 1h 42m | $135K | $14K | 25x |
| Short | Bybit PRLUSDT | 0.1176 | 0.0998 | get 0.0499% / 4h | 1h 42m | $784K | $529K | 25x |
BloFin PRL-USDT
Bybit PRLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.62
- Price spread: +0.341% → −0.022%
- $36.28
- Slippage, 4 orders
- −$379.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$349.01
- Costs to cover
- 4.029%
- Break-even
- 145.7 days
Slippage from BloFin: live order book, 68 min ago; Bybit: live order book, 17 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 BloFin live order book, 68 min ago | 8.50 bp | 84.6 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 4.26 bp | 91.3 bp −$91 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PRL_USDT | +0.0100% | 4h | 0.1175 | +0.290% | $99K | $64K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1172 | 0.000% | $831K | $391K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1174 | +0.171% | $2K | $1.1M | 20x | as long as short |
| KuCoin PRLUSDTM | +0.0466% | 4h | 0.1175 | +0.239% | $1.5M | $243K | 20x | as long as short |
| MEXC PRL_USDT | +0.0502% | 4h | 0.1175 | +0.256% | $470K | $171K | 20x | as long as short |
| Extended PRL-USD | +0.0504% | 1h | 0.1175 | +0.229% | $3K | $156K | 5x | as long as short |
| Binance PRLUSDT | +0.0514% | 4h | 0.1175 | +0.256% | $2.1M | $2.3M | 20x | as long as short |
| Aster PRLUSDT | +0.0541% | 4h | 0.1174 | +0.167% | $6K | $614 | 5x | as long as short |
| Coinbase International PRL-PERP-INTX | +0.0632% | 1h | 0.1184 | +1.011% | $17K | $12K | 50x | as long as short |
| BloFin PRL-USDTlong | +0.0914% | 4h | 0.1172 | long leg | $135K | $14K | 25x |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
KuCoin PRLUSDTM
MEXC PRL_USDT
Extended PRL-USD
Binance PRLUSDT
Aster PRLUSDT
Coinbase International PRL-PERP-INTXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PRL-USDT | +0.0964% | 4h | 0.1174 | +0.171% | — | $1.6M | — | as long as short |
| Bybit PRLUSDTshort | +0.0998% | 4h | 0.1176 | +0.341% | $784K | $529K | 25x | |
| Deribit PRL_USDC-PERPETUAL | +0.2745% | 1h | 0.1175 | +0.287% | — | — | 10x | as long as short |
BingX PRL-USDT
Deribit PRL_USDC-PERPETUAL