Settings8H · net · $10k
Funding arb · Price arb /

PRL

all PRL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.042%
Price spread now: Aster against Coinbase International+0.089%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.089% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PRL-PERP-INTX0.11790.0336pay 0.0042% / 1h8m 31s$17K$12K50x
ShortAster PRLUSDT0.11800.0468get 0.0234% / 4h1h 08m$5K$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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

Funding earned
$27.81
Price spread: +0.089% → 0.000%
$8.86
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$18.67
Costs to cover
0.180%
Break-even
2.3 days
Slippage unknown: Coinbase International: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Aster no order-book sample
Coinbase International and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PRLUSDT+0.0100%4h0.1181+0.152%$735K$592K25xas long as short
Gate PRL_USDT+0.0100%4h0.1180+0.075%$100K$62K20xas long as short
Bitget PRLUSDT+0.0100%4h0.1180+0.067%$849K$415K20xas long as short
SunX PRL-USDT+0.0100%4h0.1180+0.067%$1K$1.2M20xas long as short
BloFin PRL-USDT+0.0147%4h0.1179−0.018%$136K$14K25xas long as short
KuCoin PRLUSDTM+0.0194%4h0.1180+0.084%$1.5M$270K20xas long as short
Coinbase International PRL-PERP-INTXlong+0.0336%1h0.1179long leg$17K$12K50x
BingX PRL-USDT+0.0466%4h0.1180+0.067%$1.6Mas long as short
Aster PRLUSDTshort+0.0468%4h0.1180+0.089%$5K$1K5x
Binance PRLUSDT+0.0485%4h0.1182+0.201%$2.1M$2.4M20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PRL-USD+0.0488%1h0.1181+0.166%$1K$147K5xas long as short
MEXC PRL_USDT+0.0488%4h0.1181+0.152%$499K$175K20xas long as short
Deribit PRL_USDC-PERPETUAL+0.2142%1h0.1182+0.217%10xas long as short