PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0572%/8h= +62.7% APRnext payment +$2.86 per $10,000 · paid last 24h +0.130%

Price spread now: Binance against Gate−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.012% in total) that is about 42 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.86 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	Gate PRL_USDT	0.1180	0.0100	pay 0.0050% / 4h	2h 31m	$100K	$65K	20x
Short	Binance PRLUSDT	0.1180	0.0672	get 0.0336% / 4h	2h 31m	$2.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.074%Rate

Funding earned: $120.2
Price spread: −0.074% → 0.000%: −$7.4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: $87.8
Costs to cover: 0.250%
Break-even: 1.9 days

Slippage unknown: Gate: no order-book sample; Binance: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	4.22 bp	34.6 bp −$35	161.1 bp −$1,611	doesn't fit	doesn't fit

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 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	+0.0095%	4h	0.1184	+0.305%	$139K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1179	−0.119%	$726K	$583K	25x	as long as short
Gate PRL_USDTlong	+0.0100%	4h	0.1180	long leg	$100K	$65K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1178	−0.203%	$846K	$419K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1177	−0.288%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	−0.101%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0548%	4h	0.1178	−0.220%	$1.5M	$264K	20x	as long as short
BingX PRL-USDT	+0.0666%	4h	0.1179	−0.119%	—	$1.6M	—	as long as short
Extended PRL-USD	+0.0672%	1h	0.1179	−0.098%	$3K	$167K	5x	as long as short
Binance PRLUSDTshort	+0.0672%	4h	0.1180	−0.074%	$2.1M	$2.4M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PRL_USDT	+0.0684%	4h	0.1179	−0.119%	$473K	$176K	20x	as long as short
Aster PRLUSDT	+0.0715%	4h	0.1178	−0.161%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1483%	1h	0.1179	−0.123%	—	—	10x	as long as short