PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1054%/8h= +115.4% APRnext payment +$5.27 per $10,000 · paid last 24h −0.082%

Price spread now: BloFin against MEXC−0.169%7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$1931.925% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)+1.303%+$130 · spread now −0.169%, 7d avg +0.081%

Together, before fees+1.425%+$143 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.251% cheaper against MEXC than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.081%). If the spread goes back, that is −$25 on $10k: about 19 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.122% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.27 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	0.1180	0.0420	pay 0.0210% / 4h	3h 11m	$498K	$152K	20x
Short	BloFin PRL-USDT	0.1178	0.1474	get 0.0737% / 4h	3h 11m	$135K	$14K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.169%Rate

Funding earned: $221.32
Price spread: −0.169% → +0.081%: −$25.08
Slippage, 4 orders: −$176.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.74
Costs to cover: 1.925%
Break-even: 6.9 days

Slippage from MEXC: live order book, 8 min ago; BloFin: live order book, 45 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, 8 min ago	4.24 bp	18.4 bp −$18	108.3 bp −$1,083	351.4 bp −$35.1K	865.7 bp −$432.9K
Sell BloFin live order book, 45 min ago	8.46 bp	60.1 bp −$60	520.4 bp −$5,204	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	0.1178	−0.169%	$844K	$385K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1179	−0.085%	$894	$1.1M	20x	as long as short
KuCoin PRLUSDTM	+0.0164%	4h	0.1179	−0.102%	$1.5M	$335K	20x	as long as short
Gate PRL_USDT	+0.0264%	4h	0.1178	−0.161%	$99K	$58K	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0328%	1h	0.1178	−0.175%	$17K	$13K	50x	as long as short
MEXC PRL_USDTlong	+0.0420%	4h	0.1180	long leg	$498K	$152K	20x
Binance PRLUSDT	+0.0429%	4h	0.1180	0.000%	$2.1M	$2.4M	20x	as long as short
Extended PRL-USD	+0.0432%	1h	0.1180	−0.027%	$690	$214K	5x	as long as short
Aster PRLUSDT	+0.0513%	4h	0.1178	−0.141%	$5K	$1K	5x	as long as short
BingX PRL-USDT	+0.1350%	4h	0.1180	0.000%	—	$1.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.1471%	4h	0.1180	0.000%	$728K	$595K	25x	as long as short
BloFin PRL-USDTshort	+0.1474%	4h	0.1178	−0.169%	$135K	$14K	25x
Deribit PRL_USDC-PERPETUAL	+0.2775%	1h	0.1180	+0.034%	—	—	10x	as long as short