Settings8H · net · $10k
Funding arb · Price arb /

RECALL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0956%/8h= −104.7% APRnext payment $4.78 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Gate−0.044%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bybit is 0.044% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RECALL_USDT0.045420.1056pay 0.0528% / 4h3h 33m$62K$15K25x
ShortBybit RECALLUSDT0.045400.0100get 0.0050% / 4h3h 33m$753K$238K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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

Funding earned
−$200.76
Price spread: −0.044% → 0.000%
−$4.4
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$231.16
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate no order-book sample
Sell Bybit live order book, 16 min ago4.40 bp190.3 bp −$190doesn't fitdoesn't fitdoesn't fit
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RECALL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit RECALLUSDTshort+0.0100%4h0.04540−0.044%$753K$238K25x
Bitget RECALLUSDT+0.0100%4h0.04544+0.044%$707K$105K25xas long as short
Variational Omni RECALL+0.0100%4h0.04539−0.062%$6K$667as long as short
OKX RECALL-USDT-SWAP+0.0451%4h0.04554+0.264%$128K$207K10xas long as short
Binance RECALLUSDT+0.0875%4h0.04550+0.166%$1.4M$860K40xas long as short
BingX RECALL-USDT+0.0880%4h0.04552+0.220%$6.5Mas long as short
Extended RECALL-USD+0.0888%1h0.04548+0.136%$1K$174K5xas long as short
MEXC RECALL_USDT+0.0888%4h0.04551+0.198%$492K$136K50xas long as short
Gate RECALL_USDTlong+0.1056%4h0.04542long leg$62K$15K25x
Aster RECALLUSDT+0.1848%4h0.04546+0.087%$19K$16K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RECALLUSDTM+0.3302%4h0.04546+0.088%$582K$824K40xas long as short