RECALL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0309%/8h= +33.8% APRnext payment +$1.54 per $10,000 · paid last 24h +0.032%

Price spread now: OKX against Bybit+0.088%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$545as in the Funding arb table

Net, price: spread back to 7d avg − costs−$556as in the Price arb table

costs, in and out, $10k−$5485.479% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.088%, 7d avg +0.165%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.077% cheaper against Bybit than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.165%). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.032% 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 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.54 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	Bybit RECALLUSDT	0.04542	0.0100	pay 0.0050% / 4h	2h 36m	$753K	$237K	25x
Short	OKX RECALL-USDT-SWAP	0.04546	0.0409	get 0.0204% / 4h	2h 36m	$130K	$216K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $64.86
Price spread: +0.088% → +0.165%: −$7.7
Slippage, 4 orders: −$526.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$490.79
Costs to cover: 5.479%
Break-even: 60.0 days

Slippage from Bybit: live order book, 8 min ago; OKX: live order book, 8 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 Bybit live order book, 8 min ago	9.86 bp	309.5 bp −$309	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 8 min ago	7.65 bp	55.3 bp −$55	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 RECALLUSDTlong	+0.0100%	4h	0.04542	long leg	$753K	$237K	25x
Gate RECALL_USDT	+0.0100%	4h	0.04551	+0.198%	$62K	$15K	25x	as long as short
Bitget RECALLUSDT	+0.0100%	4h	0.04548	+0.132%	$711K	$108K	25x	as long as short
Variational Omni RECALL	+0.0100%	4h	0.04550	+0.172%	$6K	$667	—	as long as short
OKX RECALL-USDT-SWAPshort	+0.0409%	4h	0.04546	+0.088%	$130K	$216K	10x
MEXC RECALL_USDT	+0.0894%	4h	0.04557	+0.330%	$498K	$142K	50x	as long as short
Binance RECALLUSDT	+0.0895%	4h	0.04560	+0.395%	$1.4M	$868K	40x	as long as short
Extended RECALL-USD	+0.0896%	1h	0.04559	+0.369%	$2K	$163K	5x	as long as short
BingX RECALL-USDT	+0.0908%	4h	0.04550	+0.176%	—	$6.5M	—	as long as short
Aster RECALLUSDT	+0.1806%	4h	0.04553	+0.232%	$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	+0.2380%	4h	0.04554	+0.264%	$584K	$818K	40x	as long as short