PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0296%/8h= −32.4% APRnext payment −$1.48 per $10,000 · paid last 24h −0.094%

Price spread now: Gate against KuCoin+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.119% dearer against KuCoin than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.051% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 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	0.0588	pay 0.0294% / 4h	3h 10m	$1.5M	$263K	20x
Short	Gate PRL_USDT	0.1182	0.0292	get 0.0146% / 4h	3h 10m	$100K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.119%Rate

Funding earned: −$62.16
Price spread: +0.119% → 0.000%: $11.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.31
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Gate: no order-book sample. Net counts fees only.

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	8.88 bp	188.7 bp −$189	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit PRLUSDT	+0.0100%	4h	0.1182	+0.085%	$730K	$584K	25x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1181	0.000%	$849K	$418K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1180	−0.085%	$1K	$1.1M	20x	as long as short
BloFin PRL-USDT	+0.0109%	4h	0.1181	0.000%	$139K	$14K	25x	as long as short
Gate PRL_USDTshort	+0.0292%	4h	0.1182	+0.119%	$100K	$65K	20x
Coinbase International PRL-PERP-INTX	+0.0584%	1h	0.1169	−1.044%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTMlong	+0.0588%	4h	0.1181	long leg	$1.5M	$263K	20x
BingX PRL-USDT	+0.0668%	4h	0.1180	−0.085%	—	$1.6M	—	as long as short
Extended PRL-USD	+0.0712%	1h	0.1182	+0.056%	$693	$177K	5x	as long as short
MEXC PRL_USDT	+0.0712%	4h	0.1181	0.000%	$462K	$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 PRLUSDT	+0.0713%	4h	0.1182	+0.085%	$2.1M	$2.4M	20x	as long as short
Aster PRLUSDT	+0.0788%	4h	0.1181	+0.015%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1827%	1h	0.1182	+0.098%	—	—	10x	as long as short