Funding arb · Price arb /

RECALL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0860%/8h= +94.2% APRpaid last 24h +0.044%

Price spread now: Extended against Bitget+0.045%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2532.535% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.045%, 7d avg +0.169%

Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.124% cheaper against Bitget than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.169%). If the spread goes back, that is −$12 on $10k: about 11 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.052% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. 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	Bitget RECALLUSDT	0.04561	0.0100	pay 0.0050% / 4h	2h 42m	$713K	$108K	25x
Short	Extended RECALL-USD	0.04563	0.0960	get 0.0120% / 1h	42m 56s	$2K	$163K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.045%Rate

Funding earned: $180.6
Price spread: +0.045% → +0.169%: −$12.36
Slippage, 4 orders: −$236.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$85.23
Costs to cover: 2.535%
Break-even: 10.3 days

Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 3 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 Bitget live order book, 3 min ago	7.67 bp	38.9 bp −$39	330.3 bp −$3,303	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	7.44 bp	70.2 bp −$70	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 RECALLUSDT	+0.0100%	4h	0.04551	−0.219%	$754K	$237K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04568	+0.153%	$62K	$15K	25x	as long as short
Bitget RECALLUSDTlong	+0.0100%	4h	0.04561	long leg	$713K	$108K	25x
Variational Omni RECALL	+0.0100%	4h	0.04562	+0.026%	$6K	$667	—	as long as short
OKX RECALL-USDT-SWAP	+0.0463%	4h	0.04574	+0.285%	$131K	$216K	10x	as long as short
BingX RECALL-USDT	+0.0934%	4h	0.04558	−0.066%	—	$6.5M	—	as long as short
Binance RECALLUSDT	+0.0957%	4h	0.04560	−0.022%	$1.4M	$866K	40x	as long as short
Extended RECALL-USDshort	+0.0960%	1h	0.04563	+0.045%	$2K	$163K	5x
MEXC RECALL_USDT	+0.0972%	4h	0.04564	+0.066%	$486K	$140K	50x	as long as short
Aster RECALLUSDT	+0.1905%	4h	0.04568	+0.163%	$19K	$16K	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	+0.2540%	4h	0.04572	+0.241%	$587K	$819K	40x	as long as short