PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0496%/8h= +54.3% APRnext payment +$2.48 per $10,000 · paid last 24h −0.091%

Price spread now: Bybit against MEXC0.000%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2762.764% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now 0.000%, 7d avg +0.060%

Together, before fees+0.229%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.060% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.060%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.140% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.48 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	MEXC PRL_USDT	0.1176	0.0502	pay 0.0251% / 4h	1h 42m	$470K	$171K	20x
Short	Bybit PRLUSDT	0.1176	0.0998	get 0.0499% / 4h	1h 42m	$784K	$529K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $104.08
Price spread: 0.000% → +0.060%: −$5.97
Slippage, 4 orders: −$261.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$178.27
Costs to cover: 2.764%
Break-even: 19.0 days

Slippage from MEXC: live order book, 12 min ago; Bybit: live order book, 17 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, 12 min ago	4.26 bp	21.0 bp −$21	99.1 bp −$991	362.0 bp −$36.2K	976.3 bp −$488.1K
Sell Bybit live order book, 17 min ago	4.26 bp	91.3 bp −$91	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
Gate PRL_USDT	+0.0100%	4h	0.1175	−0.051%	$99K	$64K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1172	−0.340%	$831K	$391K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1174	−0.170%	$2K	$1.1M	20x	as long as short
KuCoin PRLUSDTM	+0.0478%	4h	0.1175	−0.077%	$1.5M	$243K	20x	as long as short
MEXC PRL_USDTlong	+0.0502%	4h	0.1176	long leg	$470K	$171K	20x
Extended PRL-USD	+0.0504%	1h	0.1175	−0.112%	$3K	$156K	5x	as long as short
Binance PRLUSDT	+0.0514%	4h	0.1176	−0.011%	$2.1M	$2.3M	20x	as long as short
Aster PRLUSDT	+0.0541%	4h	0.1174	−0.133%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0632%	1h	0.1184	+0.668%	$17K	$12K	50x	as long as short
BloFin PRL-USDT	+0.0914%	4h	0.1172	−0.340%	$135K	$14K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PRL-USDT	+0.0964%	4h	0.1174	−0.170%	—	$1.6M	—	as long as short
Bybit PRLUSDTshort	+0.0998%	4h	0.1176	0.000%	$784K	$529K	25x
Deribit PRL_USDC-PERPETUAL	+0.2745%	1h	0.1175	−0.054%	—	—	10x	as long as short