RECALL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0452%/8h= −49.5% APRnext payment −$2.26 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against BingX+0.230%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1691.692% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.231%−$23 · spread now +0.230%, 7d avg +0.086%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.144% dearer against BingX than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.086%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.003% in total) that is about 13 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.26 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	BingX RECALL-USDT	0.04527	0.0932	pay 0.0466% / 4h	2h 08m	—	$6.5M	—
Short	Binance RECALLUSDT	0.04537	0.0480	get 0.0240% / 4h	2h 08m	$1.4M	$884K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.230%Rate

Funding earned: −$94.87
Price spread: +0.230% → +0.086%: $14.4
Slippage, 4 orders: −$149.17
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$249.64
Costs to cover: 1.692%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Binance: live order book, 10 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 BingX live order book, 13 min ago	7.70 bp	45.5 bp −$46	128.9 bp −$1,289	1169.5 bp −$117.0K	doesn't fit
Sell Binance live order book, 10 min ago	3.31 bp	40.2 bp −$40	225.5 bp −$2,255	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	0.04521	−0.133%	$750K	$244K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04521	−0.133%	$62K	$16K	25x	as long as short
Bitget RECALLUSDT	+0.0100%	4h	0.04531	+0.088%	$705K	$106K	25x	as long as short
Variational Omni RECALL	+0.0100%	4h	0.04516	−0.249%	$6K	$710	—	as long as short
Extended RECALL-USD	+0.0480%	1h	0.04535	+0.177%	$3K	$167K	5x	as long as short
MEXC RECALL_USDT	+0.0480%	4h	0.04537	+0.221%	$490K	$137K	50x	as long as short
Binance RECALLUSDTshort	+0.0480%	4h	0.04537	+0.230%	$1.4M	$884K	40x
BingX RECALL-USDTlong	+0.0932%	4h	0.04527	long leg	—	$6.5M	—
OKX RECALL-USDT-SWAP	+0.0984%	4h	0.04538	+0.243%	$128K	$206K	10x	as long as short
Aster RECALLUSDT	+0.1503%	4h	0.04520	−0.155%	$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	+0.2002%	4h	0.04526	−0.022%	$582K	$846K	40x	as long as short