PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0512%/8h= −56.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.156%

Price spread now: SunX against MEXC−0.253%53s7-day average −0.078% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.253%, 7d avg −0.078%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.176% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.260% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 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	0.1184	0.0612	pay 0.0306% / 4h	2h 16m	$481K	$177K	20x
Short	SunX PRL-USDT	0.1181	0.0100	get 0.0050% / 4h	2h 16m	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$107.52
Price spread: −0.253% → −0.078%: −$17.59
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$137.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 23 min ago; SunX: live order book, 7 min ago. 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, 23 min ago	8.49 bp	16.1 bp −$16	68.2 bp −$682	308.9 bp −$30.9K	862.7 bp −$431.3K
Sell SunX live order book, 7 min ago	502.13 bp	doesn't fit	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
Bybit PRLUSDT	+0.0100%	4h	0.1184	0.000%	$731K	$591K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1181	−0.228%	$100K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1182	−0.169%	$854K	$421K	20x	as long as short
SunX PRL-USDTshort	+0.0100%	4h	0.1181	−0.253%	$2K	$1.2M	20x
BloFin PRL-USDT	+0.0126%	4h	0.1183	−0.084%	$137K	$14K	25x	as long as short
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	−0.405%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0456%	4h	0.1183	−0.084%	$1.5M	$267K	20x	as long as short
BingX PRL-USDT	+0.0584%	4h	0.1183	−0.084%	—	$1.6M	—	as long as short
Binance PRLUSDT	+0.0609%	4h	0.1184	−0.005%	$2.1M	$2.4M	20x	as long as short
MEXC PRL_USDTlong	+0.0612%	4h	0.1184	long leg	$481K	$177K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PRL-USD	+0.0616%	1h	0.1183	−0.112%	$3K	$167K	5x	as long as short
Aster PRLUSDT	+0.0633%	4h	0.1183	−0.092%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2241%	1h	0.1183	−0.073%	—	—	10x	as long as short