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

PRL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.057%
Price spread now: Gate against Coinbase International−0.764%7-day average · you buy dearer than you sell
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 feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.764% cheaper against Coinbase International than usual: you would sell low and buy high (−$76 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PRL-PERP-INTX0.11840.0272pay 0.0034% / 1h33m 08s$17K$12K50x
ShortGate PRL_USDT0.11750.0100get 0.0050% / 4h2h 33m$99K$63K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$36.12
Price spread: −0.764% → 0.000%
−$76.45
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$137.57
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Gate no order-book sample
Coinbase International and 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 12 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
Gate PRL_USDTshort+0.0100%4h0.1175−0.764%$99K$63K20x
Bitget PRLUSDT+0.0100%4h0.1173−0.917%$838K$404K20xas long as short
SunX PRL-USDT+0.0100%4h0.1172−1.001%$1K$1.1M20xas long as short
Coinbase International PRL-PERP-INTXlong+0.0272%1h0.1184long leg$17K$12K50x
KuCoin PRLUSDTM+0.0426%4h0.1173−0.925%$1.5M$262K20xas long as short
MEXC PRL_USDT+0.0472%4h0.1172−1.001%$466K$172K20xas long as short
Binance PRLUSDT+0.0477%4h0.1173−0.943%$2.1M$2.4M20xas long as short
Extended PRL-USD+0.0480%1h0.1173−0.943%$2K$157K5xas long as short
Aster PRLUSDT+0.0534%4h0.1172−0.972%$6K$6145xas long as short
BingX PRL-USDT+0.0770%4h0.1172−1.001%$1.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PRLUSDT+0.0953%4h0.1174−0.832%$782K$548K25xas long as short
Deribit PRL_USDC-PERPETUAL+0.2640%1h0.1173−0.906%10xas long as short