PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0356%/8h= −39.0% APRnext payment −$1.78 per $10,000 · paid last 24h −0.130%

Price spread now: Gate against MEXC−0.051%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.051% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.78 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	0.1178	0.0456	pay 0.0228% / 4h	3h 17m	$470K	$174K	20x
Short	Gate PRL_USDT	0.1177	0.0100	get 0.0050% / 4h	3h 17m	$99K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$74.76
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$98.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 47 min ago; Gate: 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, 47 min ago	4.22 bp	16.6 bp −$17	103.5 bp −$1,035	336.1 bp −$33.6K	887.0 bp −$443.5K
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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
Gate PRL_USDTshort	+0.0100%	4h	0.1177	−0.051%	$99K	$62K	20x
Bitget PRLUSDT	+0.0100%	4h	0.1177	−0.085%	$835K	$390K	20x	as long as short
SunX PRL-USDT	+0.0100%	4h	0.1176	−0.170%	$1K	$1.1M	20x	as long as short
Coinbase International PRL-PERP-INTX	+0.0176%	1h	0.1166	−1.061%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0350%	4h	0.1177	−0.051%	$1.5M	$263K	20x	as long as short
Binance PRLUSDT	+0.0453%	4h	0.1178	0.000%	$2.1M	$2.4M	20x	as long as short
Extended PRL-USD	+0.0456%	1h	0.1178	−0.026%	$2K	$164K	5x	as long as short
MEXC PRL_USDTlong	+0.0456%	4h	0.1178	long leg	$470K	$174K	20x
Aster PRLUSDT	+0.0529%	4h	0.1177	−0.106%	$6K	$614	5x	as long as short
Bybit PRLUSDT	+0.1288%	4h	0.1178	0.000%	$796K	$531K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PRL-USDT	+0.1357%	4h	0.1179	+0.085%	$136K	$14K	25x	as long as short
BingX PRL-USDT	+0.1405%	4h	0.1177	−0.085%	—	$1.6M	—	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2474%	1h	0.1178	−0.003%	—	—	10x	as long as short