# PRL Funding Rates

As of 2026-10-03 21:18 UTC, PRL perpetual funding averages 0.0225% per 8 hours (24.65% APR) across all 15 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: Lighter at 0.3680% per 8h (402.96% APR). Lowest: Toobit at 0.0050% per 4h (10.95% APR). Going long on Toobit and short on Lighter collects a gross spread of 0.3580% per 8 hours (392.01% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Lighter](https://arbtide.com/funding-rates/prl/lighter) | [PRL/USDC:USDC](https://app.lighter.xyz/trade/PRL) | 0.3680% | 8h | 402.96% | — |
| [Extended](https://arbtide.com/funding-rates/prl/extended) | [PRL/USDC:USDC](https://app.extended.exchange/perp/PRL-USD) | 0.0013% | 1h | 11.39% | 2026-10-03 22:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/prl/xt) | [PRL/USDT:USDT](https://www.xt.com/en/futures/trade/prl_usdt) | 0.0051% | 4h | 11.11% | 2026-10-04 00:00 UTC |
| [Binance](https://arbtide.com/funding-rates/prl/binance) | [PRL/USDT:USDT](https://www.binance.com/en/futures/PRLUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/prl/bybit) | [PRL/USDT:USDT](https://www.bybit.com/trade/usdt/PRLUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/prl/bitget) | [PRL/USDT:USDT](https://www.bitget.com/futures/usdt/PRLUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/prl/gate) | [PRL/USDT:USDT](https://www.gate.com/futures/USDT/PRL_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/prl/kucoin) | [PRL/USDT:USDT](https://www.kucoin.com/trade/futures/PRLUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/prl/mexc) | [PRL/USDT:USDT](https://www.mexc.com/futures/PRL_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/prl/bingx) | [PRL/USDT:USDT](https://bingx.com/en/perpetual/PRL-USDT) | 0.0050% | 4h | 10.95% | — |
| [LBank](https://arbtide.com/funding-rates/prl/lbank) | [PRL/USDT:USDT](https://www.lbank.com/futures/prlusdt) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/prl/weex) | [PRL/USDT:USDT](https://www.weex.com/futures/PRL-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 21:18 UTC |
| [Toobit](https://arbtide.com/funding-rates/prl/toobit) | [PRL/USDT:USDT](https://www.toobit.com/en-US/futures/PRL-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Aster](https://arbtide.com/funding-rates/prl/aster) | [PRL/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PRLUSDT) | 0.0050% | 4h | 10.95% | — |
| [Crypto.com](https://arbtide.com/funding-rates/prl/cryptocom) | [PRL/USD:USD](https://crypto.com/exchange/trade/PRLUSD-PERP) | -0.0046% | 1h | -40.33% | 2026-10-03 22:00 UTC |

## Frequently asked questions

### Is the PRL funding rate positive right now?

Mostly yes. PRL funding is positive on 14 of the 15 exchanges, which means longs are paying shorts on those venues.

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

Lighter at 0.3680% per 8h (402.96% APR). The lowest is Toobit at 0.0050% per 4h (10.95% APR).

### What is the PRL funding arbitrage spread?

The gross spread is 0.3580% per 8 hours (392.01% APR): long PRL on Toobit and short on Lighter. Trading fees, slippage and price basis reduce the net return.

### How often is PRL funding paid?

PRL funding is paid every 8 hours on Lighter; every 4 hours on XT.COM, Binance, Bybit, Bitget, Gate, KuCoin, MEXC, BingX, LBank, WEEX, Toobit, and Aster; every hour on Extended and Crypto.com. Rates on this page are also shown as APR so they can be compared directly.