PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1107%/8h= +121.2% APRnext payment +$5.54 per $10,000 · paid last 24h −0.061%

Price spread now: BloFin against KuCoin+0.186%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$686as in the Funding arb table

Net, price: spread back to 7d avg − costs−$685as in the Price arb table

costs, in and out, $10k−$6956.945% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now +0.186%, 7d avg +0.093%

Together, before fees+0.345%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and BloFin is 0.093% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.093%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.54 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	0.1181	0.0284	pay 0.0142% / 4h	3h 37m	$1.5M	$265K	20x
Short	BloFin PRL-USDT	0.1183	0.1391	get 0.0696% / 4h	3h 37m	$136K	$14K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.186%Rate

Funding earned: $232.49
Price spread: +0.186% → +0.093%: $9.3
Slippage, 4 orders: −$670.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$452.72
Costs to cover: 6.945%
Break-even: 20.6 days

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 19 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, 9 min ago	11.01 bp	191.8 bp −$192	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 19 min ago	8.48 bp	65.9 bp −$66	498.3 bp −$4,983	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	0.1182	+0.102%	$839K	$385K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1179	−0.152%	$2K	$1.1M	20x	as long as short
Gate PRL_USDT	+0.0110%	4h	0.1183	+0.195%	$99K	$62K	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.296%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTMlong	+0.0284%	4h	0.1181	long leg	$1.5M	$265K	20x
MEXC PRL_USDT	+0.0402%	4h	0.1181	+0.017%	$471K	$172K	20x	as long as short
Extended PRL-USD	+0.0408%	1h	0.1181	+0.030%	$2K	$157K	5x	as long as short
Binance PRLUSDT	+0.0411%	4h	0.1181	+0.056%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0503%	4h	0.1180	−0.036%	$6K	$614	5x	as long as short
BingX PRL-USDT	+0.1100%	4h	0.1182	+0.102%	—	$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 PRLUSDT	+0.1336%	4h	0.1182	+0.102%	$801K	$529K	25x	as long as short
BloFin PRL-USDTshort	+0.1391%	4h	0.1183	+0.186%	$136K	$14K	25x
Deribit PRL_USDC-PERPETUAL	+0.2067%	1h	0.1181	+0.033%	—	—	10x	as long as short