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

RECALL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0616%/8h= +67.5% APRnext payment +$3.08 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against Gate+0.154%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.154% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
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 +$3.08 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_USDT0.045390.0100pay 0.0050% / 4h28m 21s$62K$15K25x
ShortOKX RECALL-USDT-SWAP0.045460.0716get 0.0358% / 4h28m 21s$128K$207K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$129.38
Price spread: +0.154% → 0.000%
$15.42
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
$119.8
Costs to cover
0.250%
Break-even
0.5 days
Slippage unknown: Gate: no order-book sample; OKX: live order book, 27 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 OKX live order book, 27 min ago6.62 bp53.5 bp −$54doesn'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 RECALLUSDT+0.0100%4h0.045390.000%$752K$238K25xas long as short
Gate RECALL_USDTlong+0.0100%4h0.04539long leg$62K$15K25x
Bitget RECALLUSDT+0.0100%4h0.04531−0.176%$705K$105K25xas long as short
Variational Omni RECALL+0.0100%4h0.04541+0.038%$6K$668as long as short
BingX RECALL-USDT+0.0692%4h0.04547+0.176%$6.5Mas long as short
OKX RECALL-USDT-SWAPshort+0.0716%4h0.04546+0.154%$128K$207K10x
Extended RECALL-USD+0.0768%1h0.04544+0.104%$598$173K5xas long as short
MEXC RECALL_USDT+0.0768%4h0.04542+0.066%$493K$137K50xas long as short
Binance RECALLUSDT+0.0799%4h0.04542+0.066%$1.4M$856K40xas long as short
Aster RECALLUSDT+0.1809%4h0.04532−0.154%$19K$16K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RECALLUSDTM+0.2784%4h0.04542+0.066%$582K$831K40xas long as short