Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against SunX+0.085%7-day average +0.059% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.085%, 7d avg +0.059%

Together, before fees−0.294%−$29 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: Bitget is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PRL-USDT	0.1177	0.0100	pay 0.0050% / 4h	2h 31m	$2K	$1.1M	20x
Short	Bitget PRLUSDT	0.1178	0.0100	get 0.0050% / 4h	2h 31m	$846K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.059%: $2.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; Bitget: live order book, 14 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, 1 min ago	504.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 14 min ago	8.47 bp	25.9 bp −$26	221.8 bp −$2,218	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
BloFin PRL-USDT	+0.0095%	4h	0.1184	+0.595%	$139K	$14K	25x	as long as short
Bybit PRLUSDT	+0.0100%	4h	0.1179	+0.170%	$726K	$583K	25x	as long as short
Gate PRL_USDT	+0.0100%	4h	0.1180	+0.289%	$100K	$65K	20x	as long as short
Bitget PRLUSDTshort	+0.0100%	4h	0.1178	+0.085%	$846K	$419K	20x
SunX PRL-USDTlong	+0.0100%	4h	0.1177	long leg	$2K	$1.1M	20x
Coinbase International PRL-PERP-INTX	+0.0352%	1h	0.1179	+0.188%	$17K	$12K	50x	as long as short
KuCoin PRLUSDTM	+0.0548%	4h	0.1178	+0.068%	$1.5M	$264K	20x	as long as short
BingX PRL-USDT	+0.0666%	4h	0.1179	+0.170%	—	$1.6M	—	as long as short
Extended PRL-USD	+0.0672%	1h	0.1179	+0.190%	$3K	$167K	5x	as long as short
Binance PRLUSDT	+0.0672%	4h	0.1180	+0.215%	$2.1M	$2.4M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PRL_USDT	+0.0684%	4h	0.1179	+0.170%	$473K	$176K	20x	as long as short
Aster PRLUSDT	+0.0715%	4h	0.1178	+0.127%	$5K	$1K	5x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1483%	1h	0.1179	+0.166%	—	—	10x	as long as short