Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.039%

Price spread now: Extended against KuCoin+0.066%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$918as in the Funding arb table

Net, price: spread back to 7d avg − costs−$910as in the Price arb table

costs, in and out, $10k−$9149.141% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.066%, 7d avg +0.028%

Together, before fees−0.044%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.028%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment. 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	0.1183	0.0108	pay 0.0054% / 4h	3h 56m	$1.5M	$277K	20x
Short	Extended PRL-USD	0.1184	0.0408	get 0.0051% / 1h	56m 55s	$775	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.066%Rate

Funding earned: $63
Price spread: +0.066% → +0.028%: $3.79
Slippage, 4 orders: −$897.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$847.33
Costs to cover: 9.141%
Break-even: 101.1 days

Slippage from KuCoin: live order book, 9 min ago; Extended: live order book, 39 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	9.72 bp	546.7 bp −$547	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 39 min ago	5.09 bp	60.2 bp −$60	doesn't fit	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
BloFin PRL-USDT	+0.0066%	4h	0.1182	−0.076%	$137K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1183	+0.008%	$737K	$594K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1184	+0.127%	$100K	$51K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1183	+0.008%	$850K	$396K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1183	+0.008%	$2K	$1.2M	20x	as long as short
KuCoin PRLUSDTMlong	+0.0108%	4h	0.1183	long leg	$1.5M	$277K	20x
Coinbase International PRL-PERP-INTX	+0.0328%	1h	0.1179	−0.312%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0386%	4h	0.1183	+0.008%	—	$1.6M	—	as long as short
Extended PRL-USDshort	+0.0408%	1h	0.1184	+0.066%	$775	$215K	5x
MEXC PRL_USDT	+0.0410%	4h	0.1184	+0.093%	$503K	$149K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PRLUSDT	+0.0410%	4h	0.1184	+0.093%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0443%	4h	0.1183	+0.046%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1171%	1h	0.1184	+0.118%	—	—	10x	as long as short