PRL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0502%/8h= +55.0% APRnext payment +$2.51 per $10,000 · paid last 24h +0.165%

Price spread now: MEXC against SunX+0.085%7-day average +0.075% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.232%+$23 on $10k

Price spread, last 4 days (all we have)−0.696%−$70 · spread now +0.085%, 7d avg +0.075%

Together, before fees−0.464%−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.232% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.51 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	0.1170	0.0100	pay 0.0050% / 4h	51m 52s	$1K	$1.1M	20x
Short	MEXC PRL_USDT	0.1171	0.0602	get 0.0301% / 4h	51m 52s	$463K	$170K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $105.42
Price spread: +0.085% → +0.075%: $1.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: $94.46
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: SunX: live order book, 1 min ago; MEXC: live order book, 63 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	507.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 63 min ago	4.26 bp	16.4 bp −$16	57.4 bp −$574	311.6 bp −$31.2K	933.3 bp −$466.7K

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	+0.359%	$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-USD	+0.0592%	1h	0.1172	+0.143%	$3K	$149K	5x	as long as short
Binance PRLUSDT	+0.0596%	4h	0.1172	+0.171%	$2.1M	$2.3M	20x	as long as short
KuCoin PRLUSDTM	+0.0596%	4h	0.1172	+0.137%	$1.5M	$247K	20x	as long as short
MEXC PRL_USDTshort	+0.0602%	4h	0.1171	+0.085%	$463K	$170K	20x
Aster PRLUSDT	+0.0694%	4h	0.1172	+0.140%	$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	+0.0870%	4h	0.1172	+0.171%	—	$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	+0.0886%	4h	0.1173	+0.256%	$762K	$554K	25x	as long as short
BloFin PRL-USDT	+0.0941%	4h	0.1174	+0.342%	$136K	$14K	25x	as long as short
Deribit PRL_USDC-PERPETUAL	+0.1673%	1h	0.1172	+0.182%	—	—	10x	as long as short