PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0868%/8h= −95.1% APRnext payment −$4.34 per $10,000 · paid last 24h −0.039%

Price spread now: Gate against Bybit−0.077%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$26 a day on $10k at the current rate, and Gate is 0.077% cheaper against Bybit 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 current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 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	Bybit PRLUSDT	0.1173	0.0968	pay 0.0484% / 4h	1h 44m	$782K	$528K	25x
Short	Gate PRL_USDT	0.1172	0.0100	get 0.0050% / 4h	1h 44m	$99K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.077%Rate

Funding earned: −$182.36
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$216.04
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 15 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 Bybit live order book, 15 min ago	4.26 bp	147.7 bp −$148	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
Gate PRL_USDTshort	+0.0100%	4h	0.1172	−0.077%	$99K	$64K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1170	−0.256%	$829K	$392K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1171	−0.171%	$2K	$1.1M	20x	as long as short
KuCoin PRLUSDTM	+0.0458%	4h	0.1170	−0.247%	$1.5M	$243K	20x	as long as short
Extended PRL-USD	+0.0496%	1h	0.1172	−0.070%	$2K	$151K	5x	as long as short
MEXC PRL_USDT	+0.0496%	4h	0.1172	−0.085%	$469K	$171K	20x	as long as short
Binance PRLUSDT	+0.0496%	4h	0.1172	−0.043%	$2.1M	$2.3M	20x	as long as short
Aster PRLUSDT	+0.0531%	4h	0.1170	−0.221%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0632%	1h	0.1184	+0.925%	$17K	$12K	50x	as long as short
BloFin PRL-USDT	+0.0939%	4h	0.1173	0.000%	$136K	$14K	25x	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	+0.0964%	4h	0.1172	−0.085%	—	$1.6M	—	as long as short
Bybit PRLUSDTlong	+0.0968%	4h	0.1173	long leg	$782K	$528K	25x
Deribit PRL_USDC-PERPETUAL	+0.1760%	1h	0.1171	−0.131%	—	—	10x	as long as short