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: Bitget against Extended−0.243%7-day average −0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

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

Long on Extended Short on Bitget

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)+0.238%+$24 · spread now −0.243%, 7d avg −0.169%

Together, before fees+0.185%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bitget is 0.074% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.169%). Swap the legs.

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	Extended RECALL-USD	0.04563	0.0960	pay 0.0120% / 1h	42m 44s	$2K	$163K	5x
Short	Bitget RECALLUSDT	0.04552	0.0100	get 0.0050% / 4h	2h 42m	$712K	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$180.6
Price spread: −0.243% → −0.169%: −$7.36
Slippage, 4 orders: −$236.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$441.43
Costs to cover: 2.535%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bitget: 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 Extended live order book, 3 min ago	7.44 bp	108.5 bp −$108	650.7 bp −$6,507	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.67 bp	36.0 bp −$36	257.5 bp −$2,575	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	0.04546	−0.374%	$754K	$237K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04568	+0.108%	$62K	$15K	25x	as long as short
Bitget RECALLUSDTshort	+0.0100%	4h	0.04552	−0.243%	$712K	$108K	25x
Variational Omni RECALL	+0.0100%	4h	0.04562	−0.019%	$6K	$667	—	as long as short
OKX RECALL-USDT-SWAP	+0.0463%	4h	0.04574	+0.240%	$131K	$216K	10x	as long as short
BingX RECALL-USDT	+0.0934%	4h	0.04558	−0.111%	—	$6.5M	—	as long as short
Binance RECALLUSDT	+0.0941%	4h	0.04560	−0.078%	$1.4M	$866K	40x	as long as short
MEXC RECALL_USDT	+0.0956%	4h	0.04557	−0.133%	$485K	$140K	50x	as long as short
Extended RECALL-USDlong	+0.0960%	1h	0.04563	long leg	$2K	$163K	5x
Aster RECALLUSDT	+0.1886%	4h	0.04568	+0.109%	$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	+0.2514%	4h	0.04559	−0.089%	$585K	$819K	40x	as long as short