PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0565%/8h= +61.9% APRnext payment +$2.83 per $10,000 · paid last 24h +0.168%

Price spread now: Binance against SunX+0.204%46s7-day average +0.112% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 4 days (all we have)−0.425%−$42 · spread now +0.204%, 7d avg +0.112%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.092% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.112%. The two prices were read 46 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 0.233% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.83 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	SunX PRL-USDT	0.1175	0.0100	pay 0.0050% / 4h	4m 26s	$2K	$1.1M	20x
Short	Binance PRLUSDT	0.1177	0.0665	get 0.0333% / 4h	4m 26s	$2.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee BinancebpOrdersPrice spread, now +0.204%Rate

Funding earned: $118.75
Price spread: +0.204% → +0.112%: $9.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $109.94
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: SunX: live order book, 9 min ago; Binance: live order book, 15 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 SunX live order book, 9 min ago	509.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	4.23 bp	26.8 bp −$27	158.9 bp −$1,589	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
Bitget PRLUSDT	+0.0100%	4h	0.1176	+0.085%	$849K	$415K	20x	as long as short
SunX PRL-USDTlong	+0.0100%	4h	0.1175	long leg	$2K	$1.1M	20x
Gate PRL_USDT	+0.0104%	4h	0.1178	+0.247%	$99K	$65K	20x	as long as short
KuCoin PRLUSDTM	+0.0552%	4h	0.1177	+0.162%	$1.5M	$252K	20x	as long as short
Bybit PRLUSDT	+0.0590%	4h	0.1176	+0.085%	$733K	$579K	25x	as long as short
BingX PRL-USDT	+0.0650%	4h	0.1176	+0.085%	—	$1.6M	—	as long as short
BloFin PRL-USDT	+0.0655%	4h	0.1179	+0.340%	$139K	$14K	25x	as long as short
Extended PRL-USD	+0.0664%	1h	0.1177	+0.176%	$6K	$149K	5x	as long as short
Binance PRLUSDTshort	+0.0665%	4h	0.1177	+0.204%	$2.1M	$2.4M	20x
MEXC PRL_USDT	+0.0666%	4h	0.1176	+0.085%	$461K	$175K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PRLUSDT	+0.0754%	4h	0.1174	−0.061%	$5K	$1K	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1169	−0.539%	$17K	$12K	50x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2194%	1h	0.1177	+0.169%	—	—	10x	as long as short