PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.130%

Price spread now: MEXC against Gate+0.017%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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	0.1178	0.0100	pay 0.0050% / 4h	3h 17m	$99K	$62K	20x
Short	MEXC PRL_USDT	0.1178	0.0452	get 0.0226% / 4h	3h 17m	$470K	$174K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $73.92
Price spread: +0.017% → 0.000%: $1.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: $56.62
Costs to cover: 0.190%
Break-even: 1.6 days

Slippage unknown: Gate: no order-book sample; MEXC: live order book, 47 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 MEXC live order book, 47 min ago	4.22 bp	22.3 bp −$22	71.4 bp −$714	308.0 bp −$30.8K	883.4 bp −$441.7K

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	0.1178	long leg	$99K	$62K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1177	−0.068%	$835K	$390K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1176	−0.153%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.044%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0350%	4h	0.1177	−0.034%	$1.5M	$263K	20x	as long as short
Binance PRLUSDT	+0.0449%	4h	0.1178	+0.017%	$2.1M	$2.4M	20x	as long as short
MEXC PRL_USDTshort	+0.0452%	4h	0.1178	+0.017%	$470K	$174K	20x
Extended PRL-USD	+0.0456%	1h	0.1178	−0.009%	$2K	$159K	5x	as long as short
Aster PRLUSDT	+0.0523%	4h	0.1177	−0.107%	$6K	$614	5x	as long as short
BingX PRL-USDT	+0.1324%	4h	0.1177	−0.068%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PRL-USDT	+0.1357%	4h	0.1179	+0.102%	$136K	$14K	25x	as long as short
Bybit PRLUSDT	+0.1365%	4h	0.1178	+0.017%	$796K	$531K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2474%	1h	0.1178	+0.014%	—	—	10x	as long as short