Settings8H · net · $10k
Funding arb · Price arb /

PRL

all PRL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: Extended against MEXC+0.077%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.077%, 7d avg +0.005%
Together, before fees−0.095%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.072% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PRL_USDT0.11750.0480pay 0.0240% / 4h2h 27m$471K$173K20x
ShortExtended PRL-USD0.11760.0480get 0.0060% / 1h27m 30s$686$155K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0
Price spread: +0.077% → +0.005%
$7.22
Slippage, 4 orders
−$117.85
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$119.63
Costs to cover
1.269%
Break-even
never at this rate
Slippage from MEXC: live order book, 32 min ago; Extended: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 32 min ago4.26 bp13.9 bp −$1476.4 bp −$764358.5 bp −$35.9K936.8 bp −$468.4K
Sell Extended live order book, 38 min ago5.08 bp52.5 bp −$52doesn't fitdoesn't fitdoesn't fit

PRL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PRL_USDT+0.0100%4h0.1175+0.009%$99K$63K20xas long as short
Bitget PRLUSDT+0.0100%4h0.1172−0.255%$837K$402K20xas long as short
SunX PRL-USDT+0.0100%4h0.1171−0.340%$2K$1.1M20xas long as short
Coinbase International PRL-PERP-INTX+0.0272%1h0.1184+0.753%$17K$12K50xas long as short
KuCoin PRLUSDTM+0.0454%4h0.1175−0.034%$1.5M$257K20xas long as short
Extended PRL-USDshort+0.0480%1h0.1176+0.077%$686$155K5x
MEXC PRL_USDTlong+0.0480%4h0.1175long leg$471K$173K20x
Binance PRLUSDT+0.0482%4h0.1177+0.134%$2.1M$2.4M20xas long as short
Aster PRLUSDT+0.0536%4h0.1174−0.076%$6K$6145xas long as short
BingX PRL-USDT+0.1008%4h0.11750.000%$1.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PRLUSDT+0.1100%4h0.1176+0.085%$781K$545K25xas long as short
Deribit PRL_USDC-PERPETUAL+0.2561%1h0.1174−0.123%10xas long as short