PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRnext payment +$1.34 per $10,000 · paid last 24h −0.006%

Price spread now: BingX against MEXC+0.085%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1171.171% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.085%, 7d avg +0.012%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.073% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PRL_USDT	0.1171	0.0602	pay 0.0301% / 4h	51m 53s	$463K	$170K	20x
Short	BingX PRL-USDT	0.1172	0.0870	get 0.0435% / 4h	51m 53s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $56.28
Price spread: +0.085% → +0.012%: $7.33
Slippage, 4 orders: −$103.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.49
Costs to cover: 1.171%
Break-even: 13.7 days

Slippage from MEXC: live order book, 63 min ago; BingX: live order book, 9 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 MEXC live order book, 63 min ago	4.26 bp	21.0 bp −$21	99.1 bp −$991	362.0 bp −$36.2K	976.3 bp −$488.1K
Sell BingX live order book, 9 min ago	12.83 bp	36.9 bp −$37	101.4 bp −$1,014	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	0.1174	+0.273%	$99K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1171	0.000%	$836K	$402K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1170	−0.085%	$1K	$1.1M	20x	as long as short
Extended PRL-USD	+0.0592%	1h	0.1172	+0.058%	$3K	$149K	5x	as long as short
Binance PRLUSDT	+0.0596%	4h	0.1172	+0.085%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0596%	4h	0.1172	+0.051%	$1.5M	$247K	20x	as long as short
MEXC PRL_USDTlong	+0.0602%	4h	0.1171	long leg	$463K	$170K	20x
Aster PRLUSDT	+0.0694%	4h	0.1172	+0.054%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1171	+0.013%	$17K	$12K	50x	as long as short
BingX PRL-USDTshort	+0.0870%	4h	0.1172	+0.085%	—	$1.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.0886%	4h	0.1173	+0.171%	$762K	$554K	25x	as long as short
BloFin PRL-USDT	+0.0941%	4h	0.1174	+0.256%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1673%	1h	0.1172	+0.096%	—	—	10x	as long as short