PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0708%/8h= +77.5% APRnext payment +$3.54 per $10,000 · paid last 24h +0.042%

Price spread now: BingX against KuCoin+0.051%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$817as in the Funding arb table

Net, price: spread back to 7d avg − costs−$840as in the Price arb table

costs, in and out, $10k−$8408.399% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.051%, 7d avg +0.052%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$21 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 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.54 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	KuCoin PRLUSDTM	0.1178	0.0142	pay 0.0071% / 4h	3h 14m	$1.5M	$328K	20x
Short	BingX PRL-USDT	0.1179	0.0850	get 0.0425% / 4h	3h 14m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $148.68
Price spread: +0.051% → +0.052%: −$0.11
Slippage, 4 orders: −$817.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$691.36
Costs to cover: 8.399%
Break-even: 39.5 days

Slippage from KuCoin: live order book, 11 min ago; BingX: 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, 11 min ago	6.82 bp	245.1 bp −$245	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	8.48 bp	41.3 bp −$41	106.6 bp −$1,066	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
Bitget PRLUSDT	+0.0100%	4h	0.1178	−0.034%	$844K	$385K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1179	+0.051%	$1K	$1.1M	20x	as long as short
Gate PRL_USDT	+0.0124%	4h	0.1178	−0.025%	$99K	$58K	20x	as long as short
KuCoin PRLUSDTMlong	+0.0142%	4h	0.1178	long leg	$1.5M	$328K	20x
Coinbase International PRL-PERP-INTX	+0.0328%	1h	0.1176	−0.220%	$17K	$13K	50x	as long as short
Extended PRL-USD	+0.0392%	1h	0.1180	+0.109%	$690	$214K	5x	as long as short
MEXC PRL_USDT	+0.0394%	4h	0.1180	+0.136%	$498K	$152K	20x	as long as short
Binance PRLUSDT	+0.0410%	4h	0.1180	+0.136%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0488%	4h	0.1178	−0.034%	$5K	$1K	5x	as long as short
BingX PRL-USDTshort	+0.0850%	4h	0.1179	+0.051%	—	$1.7M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.1421%	4h	0.1180	+0.136%	$728K	$596K	25x	as long as short
BloFin PRL-USDT	+0.1528%	4h	0.1181	+0.221%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2998%	1h	0.1180	+0.115%	—	—	10x	as long as short