PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against Bybit0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$422as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4224.225% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now 0.000%, 7d avg +0.023%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.023%). If the spread goes back, that is −$2 on $10k: about 2.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PRLUSDT	0.1183	0.0100	pay 0.0050% / 4h	43m 09s	$735K	$590K	25x
Short	BloFin PRL-USDT	0.1183	0.0131	get 0.0065% / 4h	43m 09s	$137K	$14K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.41
Price spread: 0.000% → +0.023%: −$2.3
Slippage, 4 orders: −$399.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$418.39
Costs to cover: 4.225%
Break-even: 463.9 days

Slippage from Bybit: live order book, 57 min ago; BloFin: live order book, 24 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, 57 min ago	8.48 bp	140.9 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	12.72 bp	74.6 bp −$75	506.0 bp −$5,060	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
Bybit PRLUSDTlong	+0.0100%	4h	0.1183	long leg	$735K	$590K	25x
Gate PRL_USDT	+0.0100%	4h	0.1185	+0.144%	$100K	$61K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1182	−0.085%	$851K	$409K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1183	0.000%	$2K	$1.2M	20x	as long as short
KuCoin PRLUSDTM	+0.0122%	4h	0.1183	+0.042%	$1.5M	$270K	20x	as long as short
BloFin PRL-USDTshort	+0.0131%	4h	0.1183	0.000%	$137K	$14K	25x
Coinbase International PRL-PERP-INTX	+0.0368%	1h	0.1179	−0.320%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0431%	4h	0.1182	−0.085%	—	$1.6M	—	as long as short
Aster PRLUSDT	+0.0454%	4h	0.1184	+0.057%	$5K	$1K	5x	as long as short
MEXC PRL_USDT	+0.0468%	4h	0.1184	+0.085%	$500K	$165K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDT	+0.0470%	4h	0.1185	+0.154%	$2.1M	$2.4M	20x	as long as short
Extended PRL-USD	+0.0472%	1h	0.1185	+0.141%	$3K	$186K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2017%	1h	0.1185	+0.153%	—	—	10x	as long as short