PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.078%

Price spread now: KuCoin against Bybit−0.042%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,152as in the Price arb table

costs, in and out, $10k−$1,15611.561% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.042%, 7d avg −0.080%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

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	3h 59m	$803K	$526K	25x
Short	KuCoin PRLUSDTM	0.1182	0.0264	get 0.0132% / 4h	3h 59m	$1.5M	$267K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $34.44
Price spread: −0.042% → −0.080%: $3.81
Slippage, 4 orders: −$1,133.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,117.89
Costs to cover: 11.561%
Break-even: 234.2 days

Slippage from Bybit: live order book, 10 min ago; KuCoin: live order book, 6 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, 10 min ago	4.22 bp	132.7 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.62 bp	504.3 bp −$504	doesn't fit	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	$803K	$526K	25x
Gate PRL_USDT	+0.0100%	4h	0.1183	+0.017%	$99K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1182	−0.085%	$845K	$376K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1181	−0.169%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.479%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTMshort	+0.0264%	4h	0.1182	−0.042%	$1.5M	$267K	20x
BloFin PRL-USDT	+0.0295%	4h	0.1185	+0.169%	$136K	$14K	25x	as long as short
Extended PRL-USD	+0.0400%	1h	0.1182	−0.105%	$4K	$158K	5x	as long as short
MEXC PRL_USDT	+0.0400%	4h	0.1182	−0.085%	$473K	$171K	20x	as long as short
BingX PRL-USDT	+0.0400%	4h	0.1182	−0.085%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDT	+0.0401%	4h	0.1183	−0.042%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0495%	4h	0.1182	−0.095%	$6K	$614	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1190%	1h	0.1183	−0.039%	—	—	10x	as long as short