Funding arb · Price arb /

RECALL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h −0.007%

Price spread now: BingX against Extended−0.020%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2612.609% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.020%, 7d avg −0.056%

Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BingX is 0.036% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.056%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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	Extended RECALL-USD	0.04527	0.0480	pay 0.0060% / 1h	6m 46s	$3K	$167K	5x
Short	BingX RECALL-USDT	0.04526	0.0932	get 0.0466% / 4h	2h 06m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $94.92
Price spread: −0.020% → −0.056%: $3.55
Slippage, 4 orders: −$245.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$162.4
Costs to cover: 2.609%
Break-even: 19.0 days

Slippage from Extended: live order book, 59 min ago; BingX: live order book, 14 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 Extended live order book, 59 min ago	7.61 bp	67.2 bp −$67	597.1 bp −$5,971	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	7.70 bp	40.0 bp −$40	126.5 bp −$1,265	996.9 bp −$99.7K	1356.4 bp −$678.2K

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	0.04513	−0.308%	$749K	$244K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04522	−0.109%	$62K	$16K	25x	as long as short
Bitget RECALLUSDT	+0.0100%	4h	0.04518	−0.197%	$703K	$106K	25x	as long as short
Variational Omni RECALL	+0.0100%	4h	0.04516	−0.248%	$6K	$710	—	as long as short
Extended RECALL-USDlong	+0.0480%	1h	0.04527	long leg	$3K	$167K	5x
MEXC RECALL_USDT	+0.0480%	4h	0.04527	+0.002%	$489K	$137K	50x	as long as short
Binance RECALLUSDT	+0.0494%	4h	0.04526	−0.020%	$1.4M	$879K	40x	as long as short
BingX RECALL-USDTshort	+0.0932%	4h	0.04526	−0.020%	—	$6.5M	—
OKX RECALL-USDT-SWAP	+0.0995%	4h	0.04522	−0.109%	$128K	$206K	10x	as long as short
Aster RECALLUSDT	+0.1522%	4h	0.04520	−0.153%	$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	+0.2022%	4h	0.04524	−0.065%	$582K	$846K	40x	as long as short