PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0566%/8h= −62.0% APRnext payment −$2.83 per $10,000 · paid last 24h −0.156%

Price spread now: Bitget against MEXC0.000%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now 0.000%, 7d avg −0.027%

Together, before fees−0.357%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.027% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.027%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.223% in total) that is about 20 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.223% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.83 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	MEXC PRL_USDT	0.1177	0.0666	pay 0.0333% / 4h	3m 59s	$461K	$175K	20x
Short	Bitget PRLUSDT	0.1177	0.0100	get 0.0050% / 4h	3m 59s	$850K	$415K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$118.86
Price spread: 0.000% → −0.027%: $2.65
Slippage, 4 orders: −$91.57
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$223.78
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from MEXC: live order book, 45 min ago; Bitget: live order book, 52 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, 45 min ago	4.27 bp	21.8 bp −$22	98.6 bp −$986	335.3 bp −$33.5K	787.1 bp −$393.5K
Sell Bitget live order book, 52 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
Bitget PRLUSDTshort	+0.0100%	4h	0.1177	0.000%	$850K	$415K	20x
SunX PRL-USDT	+0.0100%	4h	0.1175	−0.170%	$2K	$1.1M	20x	as long as short
Gate PRL_USDT	+0.0104%	4h	0.1178	+0.093%	$99K	$65K	20x	as long as short
KuCoin PRLUSDTM	+0.0552%	4h	0.1177	+0.008%	$1.5M	$251K	20x	as long as short
Bybit PRLUSDT	+0.0590%	4h	0.1177	0.000%	$733K	$579K	25x	as long as short
BingX PRL-USDT	+0.0650%	4h	0.1178	+0.085%	—	$1.6M	—	as long as short
BloFin PRL-USDT	+0.0655%	4h	0.1179	+0.170%	$139K	$14K	25x	as long as short
Extended PRL-USD	+0.0664%	1h	0.1178	+0.056%	$6K	$149K	5x	as long as short
Binance PRLUSDT	+0.0665%	4h	0.1178	+0.085%	$2.1M	$2.4M	20x	as long as short
MEXC PRL_USDTlong	+0.0666%	4h	0.1177	long leg	$461K	$175K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PRLUSDT	+0.0754%	4h	0.1175	−0.174%	$5K	$1K	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1169	−0.708%	$17K	$12K	50x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2305%	1h	0.1177	+0.008%	—	—	10x	as long as short