PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0778%/8h= +85.2% APRnext payment +$3.89 per $10,000 · paid last 24h +0.124%

Price spread now: BingX against Gate−0.153%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 BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$24 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. BingX is 0.153% cheaper against Gate than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 16 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.235% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.89 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	0.1174	0.0100	pay 0.0050% / 4h	54m 36s	$99K	$65K	20x
Short	BingX PRL-USDT	0.1172	0.0878	get 0.0439% / 4h	54m 36s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $163.38
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $123.05
Costs to cover: 0.250%
Break-even: 1.7 days

Slippage unknown: Gate: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago	12.83 bp	36.9 bp −$37	101.4 bp −$1,014	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
Gate PRL_USDTlong	+0.0100%	4h	0.1174	long leg	$99K	$65K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1171	−0.239%	$836K	$402K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1170	−0.324%	$2K	$1.1M	20x	as long as short
MEXC PRL_USDT	+0.0598%	4h	0.1172	−0.153%	$463K	$170K	20x	as long as short
Extended PRL-USD	+0.0600%	1h	0.1172	−0.119%	$3K	$149K	5x	as long as short
Binance PRLUSDT	+0.0602%	4h	0.1173	−0.104%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0616%	4h	0.1172	−0.187%	$1.5M	$247K	20x	as long as short
Aster PRLUSDT	+0.0696%	4h	0.1172	−0.125%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1171	−0.226%	$17K	$12K	50x	as long as short
BingX PRL-USDTshort	+0.0878%	4h	0.1172	−0.153%	—	$1.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.0915%	4h	0.1174	+0.017%	$763K	$546K	25x	as long as short
BloFin PRL-USDT	+0.0972%	4h	0.1174	+0.017%	$137K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2469%	1h	0.1173	−0.080%	—	—	10x	as long as short