Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.063%

Price spread now: Extended against BloFin+0.059%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2592.586% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)−0.428%−$43 · spread now +0.059%, 7d avg −0.073%

Together, before fees−0.573%+ Points / potential airdropExtended: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Extended is 0.132% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment. 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	BloFin PRL-USDT	0.1174	0.0068	pay 0.0034% / 4h	2h 23m	$138K	$14K	25x
Short	Extended PRL-USD	0.1175	0.0616	get 0.0077% / 1h	23m 21s	$3K	$167K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: $115.13
Price spread: +0.059% → −0.073%: $13.22
Slippage, 4 orders: −$241.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$130.26
Costs to cover: 2.586%
Break-even: 14.9 days

Slippage from BloFin: live order book, 56 min ago; Extended: live order book, 22 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, 56 min ago	12.66 bp	67.0 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 22 min ago	4.66 bp	71.8 bp −$72	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-USDTlong	+0.0068%	4h	0.1174	long leg	$138K	$14K	25x
Bybit PRLUSDT	+0.0100%	4h	0.1175	+0.085%	$723K	$585K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1175	+0.102%	$99K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1174	0.000%	$843K	$418K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1173	−0.085%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	+0.444%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0472%	4h	0.1173	−0.043%	$1.5M	$265K	20x	as long as short
Extended PRL-USDshort	+0.0616%	1h	0.1175	+0.059%	$3K	$167K	5x
Binance PRLUSDT	+0.0619%	4h	0.1175	+0.085%	$2.1M	$2.4M	20x	as long as short
MEXC PRL_USDT	+0.0628%	4h	0.1175	+0.085%	$471K	$176K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PRL-USDT	+0.0628%	4h	0.1175	+0.085%	—	$1.6M	—	as long as short
Aster PRLUSDT	+0.0640%	4h	0.1174	+0.011%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1925%	1h	0.1175	+0.089%	—	—	10x	as long as short