# PRL funding rates and arbitrage

Updated 2026-11-11 23:42 UTC · https://afterfees.xyz/coin/PRL

## Best PRL arbitrage after every cost

No PRL pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## PRL funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Extended](https://afterfees.xyz/venues/extended) | PRL-USD | 0.0013% | 1 h | +11.4% | +12.5% | $6K | 2026-11-12 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $510.3K | 2026-11-12 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PRLUSDTM | 0.0050% | 4 h | +10.9% | +11.5% | $1M | 2026-11-12 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | PRL_USDT | 0.0050% | 4 h | +10.9% | +11.7% | $142.1K | 2026-11-12 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $559.7K | 2026-11-12 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.2% | — | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.9% | — | 2026-11-12 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | PRL-USDT | 0.0050% | 4 h | +10.9% | +11.7% | $202.3K | 2026-11-12 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.7% | $1.4M | 2026-11-12 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | PRLUSDT | 0.0050% | 4 h | +10.9% | +11.6% | $2.8K | 2026-11-12 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | PRL_USDT | 0.0050% | 4 h | +10.9% | +11.0% | $109.4K | 2026-11-12 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | PRL-USDT | 0.0022% | 4 h | +4.7% | +11.6% | $78.8K | 2026-11-12 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | PRL | -0.0247% | 1 h | −216.4% | +9.8% | $425.1K | 2026-11-12 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | PRLUSD-PERP | -0.0253% | 1 h | −221.5% | −159.1% | $531 | 2026-11-12 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | io:PRL | -0.0273% | 1 h | −238.9% | +63.2% | $7.5M | 2026-11-12 00:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | PRL-USDT | -0.0425% | 1 h | −371.9% | −70.1% | $1.3K | 2026-11-12 00:00 |

## Borrow PRL to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.34% | — |
| Gate | 11.76% | $20K |

## Cost to enter $10,000 of PRL

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| ApeX | PRL-USDT | 63.0 bp * | order-book snapshot, 45 min old |
| MEXC | PRL_USDT | 4.2 bp | top of book only |
| Binance | PRLUSDT | 7.9 bp | top of book only |
| BingX | PRL-USDT | 8.6 bp | top of book only |
| Extended | PRL-USD | 9.0 bp | top of book only |
| Gate | PRL_USDT | 11.1 bp | top of book only |
| Lighter | PRL | 11.5 bp | top of book only |
| Bitget | PRLUSDT (spot) | 13.6 bp | top of book only |
| KuCoin | PRLUSDTM | 16.1 bp | top of book only |
| Aster | PRLUSDT | 18.4 bp | top of book only |
| Bybit | PRLUSDT | 19.9 bp | top of book only |
| Bitget | PRLUSDT | 20.4 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on PRL

- [Borrow PRL: rates on every exchange](https://afterfees.xyz/borrow/PRL)

## Questions

**Is PRL funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no PRL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest PRL funding rate?**

Extended at +11.4% a year (0.0013% every 1 h); the lowest is ApeX at −371.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._