RECALL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0380%/8h= −41.6% APRnext payment −$1.90 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against Binance−0.072%7-day average −0.208% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1601.596% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.072%, 7d avg −0.208%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.136% dearer against Binance than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.208%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.001% in total) that is about years.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 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	Binance RECALLUSDT	0.04523	0.0480	pay 0.0240% / 4h	2h 09m	$1.4M	$884K	40x
Short	Bitget RECALLUSDT	0.04520	0.0100	get 0.0050% / 4h	2h 09m	$703K	$110K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$79.85
Price spread: −0.072% → −0.208%: $13.56
Slippage, 4 orders: −$137.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$225.86
Costs to cover: 1.596%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 56 min ago.

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 Binance live order book, 9 min ago	3.31 bp	43.5 bp −$44	342.7 bp −$3,427	doesn't fit	doesn't fit
Sell Bitget live order book, 56 min ago	7.74 bp	41.6 bp −$42	309.8 bp −$3,098	doesn't fit	doesn't fit

RECALL on 11 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
Bybit RECALLUSDT	+0.0100%	4h	0.04515	−0.183%	$749K	$244K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04513	−0.227%	$62K	$16K	25x	as long as short
Bitget RECALLUSDTshort	+0.0100%	4h	0.04520	−0.072%	$703K	$110K	25x
Variational Omni RECALL	+0.0100%	4h	0.04516	−0.167%	$6K	$710	—	as long as short
Extended RECALL-USD	+0.0480%	1h	0.04525	+0.031%	$2K	$163K	5x	as long as short
Binance RECALLUSDTlong	+0.0480%	4h	0.04523	long leg	$1.4M	$884K	40x
MEXC RECALL_USDT	+0.0490%	4h	0.04528	+0.104%	$489K	$137K	50x	as long as short
BingX RECALL-USDT	+0.0932%	4h	0.04518	−0.117%	—	$6.5M	—	as long as short
OKX RECALL-USDT-SWAP	+0.0967%	4h	0.04524	+0.016%	$128K	$206K	10x	as long as short
Aster RECALLUSDT	+0.1503%	4h	0.04520	−0.072%	$19K	$20K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RECALLUSDTM	+0.1990%	4h	0.04522	−0.028%	$581K	$846K	40x	as long as short