PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.085%

Price spread now: BingX against Bybit+0.085%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3363.363% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.085%, 7d avg −0.048%

Together, before fees−0.150%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.133% dearer against Bybit than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.048%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 27 days. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PRLUSDT	0.1173	0.0886	pay 0.0443% / 4h	52m 34s	$762K	$554K	25x
Short	BingX PRL-USDT	0.1174	0.0870	get 0.0435% / 4h	52m 34s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$3.39
Price spread: +0.085% → −0.048%: $13.28
Slippage, 4 orders: −$315.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$326.43
Costs to cover: 3.363%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 9 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 Bybit live order book, 2 min ago	4.26 bp	137.5 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	12.83 bp	36.9 bp −$37	101.4 bp −$1,014	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	+0.145%	$99K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1171	−0.171%	$836K	$402K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1169	−0.341%	$1K	$1.1M	20x	as long as short
Binance PRLUSDT	+0.0596%	4h	0.1173	−0.017%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0596%	4h	0.1173	−0.017%	$1.5M	$247K	20x	as long as short
Extended PRL-USD	+0.0600%	1h	0.1172	−0.113%	$3K	$149K	5x	as long as short
MEXC PRL_USDT	+0.0602%	4h	0.1173	0.000%	$464K	$170K	20x	as long as short
Aster PRLUSDT	+0.0694%	4h	0.1173	+0.031%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1171	−0.158%	$17K	$12K	50x	as long as short
BingX PRL-USDTshort	+0.0870%	4h	0.1174	+0.085%	—	$1.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDTlong	+0.0886%	4h	0.1173	long leg	$762K	$554K	25x
BloFin PRL-USDT	+0.0941%	4h	0.1174	+0.085%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2277%	1h	0.1174	+0.113%	—	—	10x	as long as short