Funding you earn now, next payment 04:00 UTC−0.0373%/8h= −40.9% APRnext payment −$1.87 per $10,000 · paid last 24h +0.093%
Price spread now: MEXC against BloFin0.000%49s7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1761.755% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−1.133%−$113 · spread now 0.000%, 7d avg −0.080%
=The price spread pays, funding is against you. MEXC is 0.080% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.080%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.139% in total) that is about 4.0 days. The two prices were read 49 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 -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 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 | 0.1172 | 0.0909 | pay 0.0455% / 4h | 1h 34m | $135K | $14K | 25x |
| Short | MEXC PRL_USDT | 0.1172 | 0.0536 | get 0.0268% / 4h | 1h 34m | $469K | $172K | 20x |
BloFin PRL-USDT
MEXC PRL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$78.41
- Price spread: 0.000% → −0.080%
- $7.99
- Slippage, 4 orders
- −$159.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$245.96
- Costs to cover
- 1.755%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; MEXC: live order book, 20 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, 2 min ago | 4.26 bp | 60.2 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 4.26 bp | 16.4 bp −$16 | 57.4 bp −$574 | 311.6 bp −$31.2K | 933.3 bp −$466.7K |
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 | 0.1174 | +0.179% | $99K | $64K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1172 | 0.000% | $833K | $396K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1171 | −0.085% | $1K | $1.1M | 20x | as long as short |
| KuCoin PRLUSDTM | +0.0530% | 4h | 0.1173 | +0.111% | $1.5M | $244K | 20x | as long as short |
| Extended PRL-USD | +0.0536% | 1h | 0.1173 | +0.096% | $3K | $153K | 5x | as long as short |
| MEXC PRL_USDTshort | +0.0536% | 4h | 0.1172 | 0.000% | $469K | $172K | 20x | |
| Binance PRLUSDT | +0.0537% | 4h | 0.1173 | +0.117% | $2.1M | $2.3M | 20x | as long as short |
| Aster PRLUSDT | +0.0587% | 4h | 0.1172 | +0.038% | $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 | +0.0909% | 4h | 0.1172 | long leg | $135K | $14K | 25x |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
KuCoin PRLUSDTM
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 | +0.0930% | 4h | 0.1172 | 0.000% | — | $1.6M | — | as long as short |
| Bybit PRLUSDT | +0.0969% | 4h | 0.1173 | +0.085% | $779K | $531K | 25x | as long as short |
| Deribit PRL_USDC-PERPETUAL | +0.1483% | 1h | 0.1173 | +0.103% | — | — | 10x | as long as short |
BingX PRL-USDT
Bybit PRLUSDT
Deribit PRL_USDC-PERPETUAL