PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0434%/8h= −47.5% APRnext payment −$2.17 per $10,000 · paid last 24h −0.128%

Price spread now: Bitget against KuCoin−0.008%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$481as in the Funding arb table

Net, price: spread back to 7d avg − costs−$454as in the Price arb table

costs, in and out, $10k−$4544.535% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.008%, 7d avg −0.007%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$13 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 -0.278% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.17 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	0.1177	0.0534	pay 0.0267% / 4h	0m 45s	$1.5M	$252K	20x
Short	Bitget PRLUSDT	0.1177	0.0100	get 0.0050% / 4h	0m 45s	$850K	$414K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$91.14
Price spread: −0.008% → −0.007%: −$0.16
Slippage, 4 orders: −$429.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$544.82
Costs to cover: 4.535%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 55 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, 5 min ago	9.77 bp	178.6 bp −$179	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 55 min ago	12.79 bp	36.9 bp −$37	256.2 bp −$2,562	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	0.1180	+0.221%	$99K	$65K	20x	as long as short
Bitget PRLUSDTshort	+0.0100%	4h	0.1177	−0.008%	$850K	$414K	20x
SunX PRL-USDT	+0.0100%	4h	0.1177	−0.008%	$2K	$1.1M	20x	as long as short
KuCoin PRLUSDTMlong	+0.0534%	4h	0.1177	long leg	$1.5M	$252K	20x
Bybit PRLUSDT	+0.0589%	4h	0.1177	−0.008%	$733K	$580K	25x	as long as short
BloFin PRL-USDT	+0.0621%	4h	0.1180	+0.246%	$139K	$14K	25x	as long as short
BingX PRL-USDT	+0.0638%	4h	0.1178	+0.076%	—	$1.6M	—	as long as short
MEXC PRL_USDT	+0.0668%	4h	0.1177	−0.008%	$461K	$175K	20x	as long as short
Extended PRL-USD	+0.0672%	1h	0.1178	+0.047%	$6K	$149K	5x	as long as short
Binance PRLUSDT	+0.0678%	4h	0.1178	+0.076%	$2.1M	$2.4M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PRLUSDT	+0.0761%	4h	0.1175	−0.161%	$5K	$1K	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1169	−0.716%	$17K	$12K	50x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2668%	1h	0.1179	+0.165%	—	—	10x	as long as short