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

PRL

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1722%/8h= −188.6% APRnext payment $2.15 per $10,000 · paid last 24h
Price spread now: Extended against Deribit−0.337%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 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Extended is 0.337% cheaper against Deribit than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PRL_USDC-PERPETUAL0.11880.2130pay 0.0266% / 1h7m 49s10x
ShortExtended PRL-USD0.11840.0408get 0.0051% / 1h7m 49s$4K$158K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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
−$361.63
Price spread: −0.337% → 0.000%
−$33.67
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$407.3
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 3 min ago. 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 Deribit no order-book sample
Sell Extended live order book, 3 min ago5.08 bp74.1 bp −$74doesn't fitdoesn't fitdoesn't fit
Deribit: 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
Gate PRL_USDT+0.0100%4h0.1185−0.225%$100K$62K20xas long as short
Bitget PRLUSDT+0.0100%4h0.1182−0.477%$846K$377K20xas long as short
SunX PRL-USDT+0.0100%4h0.1187−0.056%$2K$1.1M20xas long as short
Coinbase International PRL-PERP-INTX+0.0176%1h0.1166−1.867%$17K$12K50xas long as short
BloFin PRL-USDT+0.0248%4h0.1183−0.393%$136K$14K25xas long as short
Bybit PRLUSDT+0.0252%4h0.1183−0.393%$803K$526K25xas long as short
KuCoin PRLUSDTM+0.0280%4h0.1183−0.418%$1.5M$266K20xas long as short
BingX PRL-USDT+0.0391%4h0.1183−0.393%$1.6Mas long as short
MEXC PRL_USDT+0.0402%4h0.1183−0.393%$473K$175K20xas long as short
Extended PRL-USDshort+0.0408%1h0.1184−0.337%$4K$158K5x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PRLUSDT+0.0408%4h0.1184−0.309%$2.1M$2.4M20xas long as short
Aster PRLUSDT+0.0493%4h0.1183−0.361%$6K$6145xas long as short
Deribit PRL_USDC-PERPETUALlong+0.2130%1h0.1188long leg10x