PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0868%/8h= +95.1% APRnext payment +$4.34 per $10,000 · paid last 24h +0.074%

Price spread now: Bybit against SunX+0.171%7-day average +0.134% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 on $10k

Price spread, last 4 days (all we have)−0.869%−$87 · spread now +0.171%, 7d avg +0.134%

Together, before fees−0.497%−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Bybit is 0.037% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.134%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.371% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.34 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	0.1171	0.0100	pay 0.0050% / 4h	1h 44m	$2K	$1.1M	20x
Short	Bybit PRLUSDT	0.1173	0.0968	get 0.0484% / 4h	1h 44m	$782K	$528K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.171%Rate

Funding earned: $182.36
Price spread: +0.171% → +0.134%: $3.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $167.08
Costs to cover: 0.190%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 9 min ago; Bybit: live order book, 16 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	502.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 16 min ago	4.26 bp	91.3 bp −$91	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
Gate PRL_USDT	+0.0100%	4h	0.1172	+0.102%	$99K	$64K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1170	−0.085%	$829K	$392K	20x	as long as short
SunX PRL-USDTlong	+0.0100%	4h	0.1171	long leg	$2K	$1.1M	20x
KuCoin PRLUSDTM	+0.0458%	4h	0.1170	−0.077%	$1.5M	$243K	20x	as long as short
Extended PRL-USD	+0.0496%	1h	0.1172	+0.101%	$2K	$151K	5x	as long as short
MEXC PRL_USDT	+0.0496%	4h	0.1171	0.000%	$469K	$171K	20x	as long as short
Binance PRLUSDT	+0.0496%	4h	0.1173	+0.128%	$2.1M	$2.3M	20x	as long as short
Aster PRLUSDT	+0.0531%	4h	0.1170	−0.048%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0632%	1h	0.1184	+1.097%	$17K	$12K	50x	as long as short
BloFin PRL-USDT	+0.0939%	4h	0.1173	+0.171%	$136K	$14K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PRL-USDT	+0.0964%	4h	0.1172	+0.085%	—	$1.6M	—	as long as short
Bybit PRLUSDTshort	+0.0968%	4h	0.1173	+0.171%	$782K	$528K	25x
Deribit PRL_USDC-PERPETUAL	+0.2299%	1h	0.1172	+0.083%	—	—	10x	as long as short