Settings8H · net · $10k
Funding arb · Price arb /

RECALL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0495%/8h= −54.2% APRnext payment $2.47 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against Binance+0.022%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Gate is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.001% in total) that is about 5 months.
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 $2.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RECALLUSDT0.044870.0595pay 0.0297% / 4h2h 54m$1.4M$879K40x
ShortGate RECALL_USDT0.044880.0100get 0.0050% / 4h2h 54m$61K$16K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$103.87
Price spread: +0.022% → 0.000%
$2.23
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$126.64
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago4.43 bp36.9 bp −$37350.2 bp −$3,502doesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RECALL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit RECALLUSDT+0.0100%4h0.04480−0.156%$744K$243K25xas long as short
Gate RECALL_USDTshort+0.0100%4h0.04488+0.022%$61K$16K25x
Bitget RECALLUSDT+0.0100%4h0.04480−0.156%$698K$112K25xas long as short
Variational Omni RECALL+0.0100%4h0.04487−0.004%$6K$715as long as short
Binance RECALLUSDTlong+0.0595%4h0.04487long leg$1.4M$879K40x
Extended RECALL-USD+0.0600%1h0.04486−0.023%$4K$163K5xas long as short
MEXC RECALL_USDT+0.0602%4h0.04486−0.022%$466K$132K50xas long as short
BingX RECALL-USDT+0.0702%4h0.04489+0.045%$6.5Mas long as short
OKX RECALL-USDT-SWAP+0.0713%4h0.04488+0.022%$125K$197K10xas long as short
KuCoin RECALLUSDTM+0.1552%4h0.04490+0.067%$576K$845K40xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster RECALLUSDT+0.1579%4h0.04477−0.223%$19K$20K5xas long as short