Funding arb · Price arb /

PRL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Gate against SunX+0.325%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.325% dearer against SunX than usual: you sell high and buy low, +$32 on $10k if it goes back to zero (this spread has no 7-day history 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	54m 46s	$2K	$1.1M	20x
Short	Gate PRL_USDT	0.1174	0.0100	get 0.0050% / 4h	54m 46s	$99K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.325%Rate

Funding earned: $0
Price spread: +0.325% → 0.000%: $32.48
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $9.48
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; Gate: no order-book sample. 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, 8 min ago	505.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_USDTshort	+0.0100%	4h	0.1174	+0.325%	$99K	$65K	20x
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	$2K	$1.1M	20x
MEXC PRL_USDT	+0.0598%	4h	0.1172	+0.171%	$463K	$170K	20x	as long as short
Extended PRL-USD	+0.0600%	1h	0.1172	+0.198%	$3K	$149K	5x	as long as short
Binance PRLUSDT	+0.0602%	4h	0.1173	+0.229%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0616%	4h	0.1172	+0.137%	$1.5M	$247K	20x	as long as short
Aster PRLUSDT	+0.0696%	4h	0.1172	+0.177%	$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	+0.0915%	4h	0.1174	+0.342%	$763K	$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	+0.2469%	1h	0.1173	+0.244%	—	—	10x	as long as short