PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0551%/8h= −60.3% APRnext payment −$2.75 per $10,000 · paid last 24h −0.037%

Price spread now: Gate against BloFin−0.076%78s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Gate is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 per $10,000. 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	0.1179	0.0655	pay 0.0327% / 4h	3m 43s	$139K	$14K	25x
Short	Gate PRL_USDT	0.1178	0.0104	get 0.0052% / 4h	3m 43s	$99K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$115.69
Price spread: −0.076% → 0.000%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$150.32
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 25 min ago; Gate: no order-book sample. 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 BloFin live order book, 25 min ago	12.71 bp	87.5 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget PRLUSDT	+0.0100%	4h	0.1177	−0.170%	$850K	$415K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1175	−0.339%	$2K	$1.1M	20x	as long as short
Gate PRL_USDTshort	+0.0104%	4h	0.1178	−0.076%	$99K	$65K	20x
KuCoin PRLUSDTM	+0.0552%	4h	0.1177	−0.161%	$1.5M	$251K	20x	as long as short
Bybit PRLUSDT	+0.0590%	4h	0.1177	−0.170%	$733K	$579K	25x	as long as short
BingX PRL-USDT	+0.0650%	4h	0.1178	−0.085%	—	$1.6M	—	as long as short
BloFin PRL-USDTlong	+0.0655%	4h	0.1179	long leg	$139K	$14K	25x
Extended PRL-USD	+0.0664%	1h	0.1178	−0.114%	$6K	$149K	5x	as long as short
MEXC PRL_USDT	+0.0666%	4h	0.1177	−0.170%	$461K	$175K	20x	as long as short
Binance PRLUSDT	+0.0668%	4h	0.1178	−0.085%	$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
Aster PRLUSDT	+0.0753%	4h	0.1175	−0.358%	$5K	$1K	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1169	−0.876%	$17K	$12K	50x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2305%	1h	0.1177	−0.162%	—	—	10x	as long as short