PRL funding rates and arbitrage

PRL perpetuals trade on 13 contracts across 13 venues, forming 78 cross-venue arbitrage pairs. By net APR the current best pair is long Lighter against short Coinbase, netting +609.70%, with both legs settling on the same cadence。

PRL perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	PRLUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$2.9M	0.08760
KuCoin	PRLUSDTM	USDT	4h	0.0050%	+10.95%	+22.13%	$1.9M	0.08756
Lighter	PRL	USDC	1h	-0.0331%	-289.96%	+237.60%	$1.8M	1.936
BingX	PRL-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$1.7M	0.08760
Bybit	PRLUSDT	USDT	4h	0.0050%	+10.95%	+12.24%	$563K	0.08770
LBank	PRLUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$540K	0.08750
Bitget	PRLUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$149K	0.08770
MEXC	PRL_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$108K	0.08750
Gate	PRL_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$18K	0.08737
Deribit	PRL_USDC-PERPETUAL	USDC	8h	0.0195%	+21.34%	-10.76%	$4K	0.08765
Aster	PRLUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$2K	0.08756
Crypto.com	PRLUSD-PERP	USD	4h	-0.0206%	-45.01%	-31.43%	$2	0.08755
Coinbase	PRL-PERP	USDC	1h	0.0365%	+319.74%	+319.74%	$0	0.11731

PRL cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Lighter USDC	Coinbase USDC	+609.70%	1.6704%	+82.14%	1h matched	$0
Crypto.com USD	Coinbase USDC	+364.75%	0.9993%	+351.17%	4h / 1h	$0
Lighter USDC	Deribit USDC	+311.29%	0.8529%	-248.36%	1h / 8h	$4K
Aster USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
Binance USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
BingX USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
Bitget USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
Bybit USDT	Coinbase USDC	+308.79%	0.8460%	+307.50%	4h / 1h	$0
Gate USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
KuCoin USDT	Coinbase USDC	+308.79%	0.8460%	+297.61%	4h / 1h	$0
LBank USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0
MEXC USDT	Coinbase USDC	+308.79%	0.8460%	+308.79%	4h / 1h	$0

Pearl project profile

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Key facts

Total: 2.10B
Max supply: 2.10B
Type: Token
Market cap rank: #106

Decentralized Finance (DeFi)Yield FarmingPolygon EcosystemFantom EcosystemArbitrum EcosystemEthereum EcosystemOptimism EcosystemReal World Assets (RWA)

Contract addresses

ethereum0x6c0aeceedc55c9d55d8b99216a670d85330941c3

sonic0xfd28f108e95f4d41daae9dbfff707d677985998e

fantom0x1d1764f04de29da6b90ffbef372d1a45596c4855

base0xfd28f108e95f4d41daae9dbfff707d677985998e

polygon0x7790dd69aa10ed3f1271e41cd7222d2a7d2d5948

arbitrum0xfd28f108e95f4d41daae9dbfff707d677985998e

1 more chains

optimistic0xfd28f108e95f4d41daae9dbfff707d677985998e

Block explorers

etherscan.io intel.arkm.com ethplorer.io polygonscan.com basescan.org sonicscan.org

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

RIVER+93.1%SAGA+1053.2%SAHARA+54.8%SENT+76.6%SKY+18.1%SPK+866.8%STABLE+31.5%THETA+32.0%TSM+28.8%WAL+68.3%WCT+31.1%XAG+82.6%

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