Funding you earn now, next payment 08:00 UTC−0.0780%/8h= −85.4% APRnext payment −$3.90 per $10,000 · paid last 24h −0.040%
Price spread now: Bitget against BingX−0.176%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.176%, 7d avg −0.118%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.058% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 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 | BingX RECALL-USDT | 0.04552 | 0.0880 | pay 0.0440% / 4h | 3h 33m | — | $6.5M | — |
| Short | Bitget RECALLUSDT | 0.04544 | 0.0100 | get 0.0050% / 4h | 3h 33m | $707K | $105K | 25x |
BingX RECALL-USDT
Bitget RECALLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$163.8
- Price spread: −0.176% → −0.118%
- −$5.76
- Slippage, 4 orders
- −$125.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$317.32
- Costs to cover
- 1.478%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 17 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, 3 min ago | 5.49 bp | 35.5 bp −$35 | 137.0 bp −$1,370 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 17 min ago | 7.69 bp | 40.3 bp −$40 | 220.8 bp −$2,208 | 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 | 0.04540 | −0.264% | $753K | $238K | 25x | as long as short |
| Bitget RECALLUSDTshort | +0.0100% | 4h | 0.04544 | −0.176% | $707K | $105K | 25x | |
| Variational Omni RECALL | +0.0100% | 4h | 0.04539 | −0.281% | $6K | $667 | — | as long as short |
| OKX RECALL-USDT-SWAP | +0.0451% | 4h | 0.04554 | +0.044% | $128K | $207K | 10x | as long as short |
| Binance RECALLUSDT | +0.0875% | 4h | 0.04550 | −0.055% | $1.4M | $860K | 40x | as long as short |
| BingX RECALL-USDTlong | +0.0880% | 4h | 0.04552 | long leg | — | $6.5M | — | |
| Extended RECALL-USD | +0.0888% | 1h | 0.04548 | −0.084% | $1K | $174K | 5x | as long as short |
| MEXC RECALL_USDT | +0.0888% | 4h | 0.04551 | −0.022% | $492K | $136K | 50x | as long as short |
| Gate RECALL_USDT | +0.1056% | 4h | 0.04542 | −0.220% | $62K | $15K | 25x | as long as short |
| Aster RECALLUSDT | +0.1848% | 4h | 0.04546 | −0.133% | $19K | $16K | 5x | as long as short |
Bybit RECALLUSDT
Variational Omni RECALL
OKX RECALL-USDT-SWAP
Binance RECALLUSDT
Extended RECALL-USD
MEXC RECALL_USDT
Gate RECALL_USDT
Aster RECALLUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RECALLUSDTM | +0.3302% | 4h | 0.04546 | −0.132% | $582K | $824K | 40x | as long as short |
KuCoin RECALLUSDTM