PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0510%/8h= +55.8% APRnext payment +$2.55 per $10,000 · paid last 24h +0.058%

Price spread now: MEXC against Bybit−0.169%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$2962.959% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.169%, 7d avg −0.062%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.107% cheaper against Bybit than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.062%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.55 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	0.1182	0.0100	pay 0.0050% / 4h	2h 20m	$726K	$589K	25x
Short	MEXC PRL_USDT	0.1180	0.0610	get 0.0305% / 4h	2h 20m	$479K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.169%Rate

Funding earned: $107.1
Price spread: −0.169% → −0.062%: −$10.67
Slippage, 4 orders: −$280.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$199.51
Costs to cover: 2.959%
Break-even: 20.0 days

Slippage from Bybit: live order book, 24 min ago; MEXC: live order book, 19 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, 24 min ago	8.47 bp	147.3 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 19 min ago	8.49 bp	20.4 bp −$20	87.5 bp −$875	309.8 bp −$31.0K	859.9 bp −$430.0K

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
BloFin PRL-USDT	+0.0093%	4h	0.1182	0.000%	$138K	$14K	25x	as long as short
Bybit PRLUSDTlong	+0.0100%	4h	0.1182	long leg	$726K	$589K	25x
Gate PRL_USDT	+0.0100%	4h	0.1181	−0.059%	$100K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1180	−0.169%	$853K	$421K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1181	−0.085%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	−0.236%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0474%	4h	0.1181	−0.118%	$1.5M	$265K	20x	as long as short
Extended PRL-USD	+0.0608%	1h	0.1182	−0.027%	$3K	$167K	5x	as long as short
MEXC PRL_USDTshort	+0.0610%	4h	0.1180	−0.169%	$479K	$177K	20x
Binance PRLUSDT	+0.0611%	4h	0.1183	+0.067%	$2.1M	$2.4M	20x	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	+0.0620%	4h	0.1183	+0.085%	—	$1.6M	—	as long as short
Aster PRLUSDT	+0.0628%	4h	0.1181	−0.059%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2320%	1h	0.1182	+0.008%	—	—	10x	as long as short