Funding you earn now, next payment 04:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BingX−0.200%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$422as in the Price arb table
costs, in and out, $10k−$4124.120% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.200%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.097% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.01 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 | 0.04489 | 0.0702 | pay 0.0351% / 4h | 2h 54m | — | $6.5M | — |
| Short | Bybit RECALLUSDT | 0.04480 | 0.0100 | get 0.0050% / 4h | 2h 54m | $744K | $243K | 25x |
BingX RECALL-USDT
Bybit RECALLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$126.42
- Price spread: −0.200% → −0.103%
- −$9.7
- Slippage, 4 orders
- −$390.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$548.1
- Costs to cover
- 4.120%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: 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, 11 min ago | 7.72 bp | 35.7 bp −$36 | 130.2 bp −$1,302 | 1198.1 bp −$119.8K | doesn't fit |
| Sell Bybit live order book, 10 min ago | 8.84 bp | 173.0 bp −$173 | doesn't fit | 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 RECALLUSDTshort | +0.0100% | 4h | 0.04480 | −0.200% | $744K | $243K | 25x | |
| Gate RECALL_USDT | +0.0100% | 4h | 0.04488 | −0.022% | $61K | $16K | 25x | as long as short |
| Bitget RECALLUSDT | +0.0100% | 4h | 0.04480 | −0.200% | $698K | $112K | 25x | as long as short |
| Variational Omni RECALL | +0.0100% | 4h | 0.04487 | −0.049% | $6K | $715 | — | as long as short |
| Binance RECALLUSDT | +0.0595% | 4h | 0.04487 | −0.045% | $1.4M | $879K | 40x | as long as short |
| Extended RECALL-USD | +0.0600% | 1h | 0.04486 | −0.067% | $4K | $163K | 5x | as long as short |
| MEXC RECALL_USDT | +0.0602% | 4h | 0.04486 | −0.067% | $466K | $132K | 50x | as long as short |
| BingX RECALL-USDTlong | +0.0702% | 4h | 0.04489 | long leg | — | $6.5M | — | |
| OKX RECALL-USDT-SWAP | +0.0713% | 4h | 0.04488 | −0.022% | $125K | $197K | 10x | as long as short |
| KuCoin RECALLUSDTM | +0.1552% | 4h | 0.04490 | +0.022% | $576K | $845K | 40x | as long as short |
Gate RECALL_USDT
Bitget RECALLUSDT
Variational Omni RECALL
Binance RECALLUSDT
Extended RECALL-USD
MEXC RECALL_USDT
OKX RECALL-USDT-SWAP
KuCoin RECALLUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RECALLUSDT | +0.1579% | 4h | 0.04477 | −0.268% | $19K | $20K | 5x | as long as short |
Aster RECALLUSDT