Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1923%/8h= +210.5% APRpaid last 24h —

Price spread now: Deribit against MEXC+0.039%52s7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and Deribit is 0.039% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PRL_USDT	0.1178	0.0678	pay 0.0339% / 4h	3h 58m	$461K	$171K	20x
Short	Deribit PRL_USDC-PERPETUAL	0.1178	0.2601	get 0.0325% / 1h	58m 27s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $403.78
Price spread: +0.039% → 0.000%: $3.9
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $396.69
Costs to cover: 0.110%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 51 min ago; Deribit: 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 MEXC live order book, 51 min ago	4.27 bp	21.8 bp −$22	98.6 bp −$986	335.3 bp −$33.5K	787.1 bp −$393.5K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
BloFin PRL-USDT	+0.0093%	4h	0.1180	+0.170%	$139K	$14K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1178	+0.025%	$99K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1178	0.000%	$850K	$414K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1176	−0.170%	$1K	$1.1M	20x	as long as short
KuCoin PRLUSDTM	+0.0536%	4h	0.1177	−0.119%	$1.5M	$251K	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0584%	1h	0.1169	−0.792%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0634%	4h	0.1178	0.000%	—	$1.6M	—	as long as short
Binance PRLUSDT	+0.0677%	4h	0.1177	−0.085%	$2.1M	$2.4M	20x	as long as short
MEXC PRL_USDTlong	+0.0678%	4h	0.1178	long leg	$461K	$171K	20x
Extended PRL-USD	+0.0680%	1h	0.1178	−0.026%	$6K	$149K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PRLUSDT	+0.0758%	4h	0.1175	−0.229%	$5K	$1K	5x	as long as short
Bybit PRLUSDT	+0.1017%	4h	0.1178	0.000%	$731K	$581K	25x	as long as short
Deribit PRL_USDC-PERPETUALshort	+0.2601%	1h	0.1178	+0.039%	—	—	10x