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

PRL

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.2461%/8h= −269.5% APRpaid last 24h
Price spread now: SunX against Deribit−0.218%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 feesneeds both histories
Both sides work against this trade now: funding costs −$74 a day on $10k at the current rate, and SunX is 0.218% cheaper against Deribit than usual: you would sell low and buy high (−$22 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-PERPETUAL0.11740.2561pay 0.0320% / 1h27m 35s10x
ShortSunX PRL-USDT0.11710.0100get 0.0050% / 4h2h 27m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$516.88
Price spread: −0.218% → 0.000%
−$21.81
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$553.69
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago503.41 bpdoesn't fitdoesn'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 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_USDT+0.0100%4h0.1174+0.080%$99K$63K20xas long as short
Bitget PRLUSDT+0.0100%4h0.1172−0.133%$837K$402K20xas long as short
SunX PRL-USDTshort+0.0100%4h0.1171−0.218%$2K$1.1M20x
Coinbase International PRL-PERP-INTX+0.0272%1h0.1184+0.877%$17K$12K50xas long as short
KuCoin PRLUSDTM+0.0454%4h0.1173−0.031%$1.5M$257K20xas long as short
Extended PRL-USD+0.0480%1h0.1176+0.200%$686$155K5xas long as short
MEXC PRL_USDT+0.0480%4h0.1175+0.123%$471K$173K20xas long as short
Binance PRLUSDT+0.0482%4h0.1176+0.225%$2.1M$2.4M20xas long as short
Aster PRLUSDT+0.0536%4h0.1174+0.007%$6K$6145xas long as short
BingX PRL-USDT+0.1008%4h0.1176+0.208%$1.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PRLUSDT+0.1100%4h0.1176+0.208%$781K$545K25xas long as short
Deribit PRL_USDC-PERPETUALlong+0.2561%1h0.1174long leg10x