PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.021%

Price spread now: Binance against KuCoin−0.085%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$987as in the Funding arb table

Net, price: spread back to 7d avg − costs−$994as in the Price arb table

costs, in and out, $10k−$9809.798% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.085%, 7d avg +0.056%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.141% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.056%). If the spread goes back, that is −$14 on $10k: about 3.8 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PRLUSDTM	0.1183	0.0278	pay 0.0139% / 4h	2m 14s	$1.5M	$267K	20x
Short	Binance PRLUSDT	0.1182	0.0401	get 0.0201% / 4h	2m 14s	$2.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.085%Rate

Funding earned: $25.89
Price spread: −0.085% → +0.056%: −$14.07
Slippage, 4 orders: −$957.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$967.93
Costs to cover: 9.798%
Break-even: 268.7 days

Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 3 min ago.

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 KuCoin live order book, 3 min ago	7.62 bp	406.8 bp −$407	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	8.45 bp	31.9 bp −$32	147.4 bp −$1,474	doesn't fit	doesn't fit

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_USDT	+0.0100%	4h	0.1184	+0.059%	$99K	$62K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1182	−0.085%	$845K	$377K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1181	−0.169%	$2K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.479%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTMlong	+0.0278%	4h	0.1183	long leg	$1.5M	$267K	20x
Bybit PRLUSDT	+0.0282%	4h	0.1183	0.000%	$803K	$526K	25x	as long as short
BloFin PRL-USDT	+0.0292%	4h	0.1185	+0.169%	$136K	$14K	25x	as long as short
BingX PRL-USDT	+0.0388%	4h	0.1182	−0.085%	—	$1.6M	—	as long as short
Extended PRL-USD	+0.0400%	1h	0.1182	−0.104%	$4K	$158K	5x	as long as short
MEXC PRL_USDT	+0.0400%	4h	0.1181	−0.169%	$472K	$175K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDTshort	+0.0401%	4h	0.1182	−0.085%	$2.1M	$2.4M	20x
Aster PRLUSDT	+0.0485%	4h	0.1182	−0.115%	$6K	$614	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1851%	1h	0.1183	−0.003%	—	—	10x	as long as short