Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h +0.160%

Price spread now: Extended against SunX+0.145%7-day average +0.081% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.787%−$79 · spread now +0.145%, 7d avg +0.081%

Together, before fees−0.550%+ Points / potential airdropExtended: Active · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.063% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.081%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.4% a year). A funding rate is set anew for every payment. 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	0.1170	0.0100	pay 0.0050% / 4h	53m 23s	$1K	$1.1M	20x
Short	Extended PRL-USD	0.1172	0.0600	get 0.0075% / 1h	53m 23s	$3K	$149K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.145%Rate

Funding earned: $105
Price spread: +0.145% → +0.081%: $6.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $98.34
Costs to cover: 0.130%
Break-even: 0.4 days

Slippage unknown: SunX: live order book, 10 min ago; Extended: live order book, 2 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, 10 min ago	505.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	5.55 bp	58.6 bp −$59	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	0.1174	+0.333%	$99K	$65K	20x	as long as short
Bitget PRLUSDT	+0.0100%	4h	0.1171	+0.085%	$836K	$402K	20x	as long as short
SunX PRL-USDTlong	+0.0100%	4h	0.1170	long leg	$1K	$1.1M	20x
Extended PRL-USDshort	+0.0600%	1h	0.1172	+0.145%	$3K	$149K	5x
MEXC PRL_USDT	+0.0602%	4h	0.1171	+0.085%	$463K	$170K	20x	as long as short
Binance PRLUSDT	+0.0602%	4h	0.1172	+0.171%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0604%	4h	0.1172	+0.137%	$1.5M	$247K	20x	as long as short
Aster PRLUSDT	+0.0698%	4h	0.1172	+0.199%	$6K	$614	5x	as long as short
Coinbase International PRL-PERP-INTX	+0.0840%	1h	0.1171	+0.098%	$17K	$12K	50x	as long as short
BingX PRL-USDT	+0.0878%	4h	0.1173	+0.256%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PRLUSDT	+0.0906%	4h	0.1173	+0.256%	$762K	$546K	25x	as long as short
BloFin PRL-USDT	+0.0972%	4h	0.1174	+0.342%	$137K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.2392%	1h	0.1173	+0.240%	—	—	10x	as long as short