PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0823%/8h= +90.1% APRnext payment +$4.12 per $10,000 · paid last 24h +0.039%

Price spread now: Bybit against Gate+0.231%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.231% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.12 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	0.1171	0.0100	pay 0.0050% / 4h	56m 16s	$99K	$65K	20x
Short	Bybit PRLUSDT	0.1174	0.0923	get 0.0462% / 4h	56m 16s	$763K	$546K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.231%Rate

Funding earned: $172.84
Price spread: +0.231% → 0.000%: $23.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $169.89
Costs to cover: 0.260%
Break-even: 0.1 days

Slippage unknown: Gate: no order-book sample; Bybit: live order book, 64 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 Bybit live order book, 64 min ago	4.26 bp	91.3 bp −$91	doesn't fit	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	0.1171	long leg	$99K	$65K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1171	−0.026%	$836K	$402K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1172	+0.060%	$1K	$1.1M	20x	as long as short
Binance PRLUSDT	+0.0592%	4h	0.1173	+0.115%	$2.1M	$2.3M	20x	as long as short
Extended PRL-USD	+0.0592%	1h	0.1174	+0.217%	$3K	$149K	5x	as long as short
MEXC PRL_USDT	+0.0602%	4h	0.1171	−0.026%	$463K	$170K	20x	as long as short
KuCoin PRLUSDTM	+0.0614%	4h	0.1171	−0.060%	$1.5M	$247K	20x	as long as short
Aster PRLUSDT	+0.0683%	4h	0.1169	−0.176%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1171	−0.013%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0878%	4h	0.1174	+0.231%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDTshort	+0.0923%	4h	0.1174	+0.231%	$763K	$546K	25x
BloFin PRL-USDT	+0.0958%	4h	0.1172	+0.060%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2946%	1h	0.1174	+0.236%	—	—	10x	as long as short