PRL Funding Rate — live across 2 venues
Perpetual funding · compared across 2 venues · net of estimated fees · updated every few minutesLive annualized PRL perpetual funding across all 2 venues Perpia tracks. Right now PRL funding is positive on 2 and negative on 0, ranging from +993.4% on Lighter to +330.2% on EntropyIO — a spread of 663.2%. The widest delta-neutral trade is long EntropyIO / short Lighter at 641.7% net APR.
PRL funding trend & liquidity
149h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
Loading PRL rate history…
Build a route
any two of the 2 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 2 venuesRates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the EntropyIO vs Lighter page. 1 pairs scanned for PRL.
PRL — FAQ
Is PRL funding positive right now?
PRL perpetual funding is positive on 2 of 2 venues Perpia tracks. The highest is +993.4% on Lighter; the lowest is +330.2% on EntropyIO.
What is the best PRL funding arbitrage right now?
Go long EntropyIO and short Lighter for about 641.7% net APR after fees — the widest delta-neutral PRL spread Perpia currently sees.
Which exchange has the highest PRL funding rate?
Lighter, at +993.4% annualized. Funding shifts continuously, so check the live table above before trading.
How PRL funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to PRL
also quoted on both EntropyIO and LighterThe same two exchanges you would already have funded for the PRL trade. Every spread between them is on the EntropyIO vs Lighter page.