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

RECALL

all RECALL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0376%/8h= −41.2% APRnext payment $1.88 per $10,000 · paid last 24h −0.001%
Price spread now: Bitget against MEXC−0.199%7-day average −0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.199%, 7d avg −0.212%
Together, before fees−0.022%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.212%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.88 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
LongMEXC RECALL_USDT0.045280.0476pay 0.0238% / 4h2h 06m$489K$137K50x
ShortBitget RECALLUSDT0.045190.0100get 0.0050% / 4h2h 06m$703K$106K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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
−$78.96
Price spread: −0.199% → −0.212%
$1.28
Slippage, 4 orders
−$103.33
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$197.01
Costs to cover
1.193%
Break-even
never at this rate
Slippage from MEXC: live order book, 53 min ago; Bitget: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 53 min ago1.11 bp27.2 bp −$27119.9 bp −$1,199760.3 bp −$76.0Kdoesn't fit
Sell Bitget live order book, 59 min ago7.74 bp41.6 bp −$42309.8 bp −$3,098doesn't fitdoesn't fit

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%4h0.04516−0.265%$749K$244K25xas long as short
Gate RECALL_USDT+0.0100%4h0.04521−0.155%$62K$16K25xas long as short
Bitget RECALLUSDTshort+0.0100%4h0.04519−0.199%$703K$106K25x
Variational Omni RECALL+0.0100%4h0.04518−0.227%$6K$668as long as short
MEXC RECALL_USDTlong+0.0476%4h0.04528long leg$489K$137K50x
Binance RECALLUSDT+0.0494%4h0.04528+0.008%$1.4M$879K40xas long as short
Extended RECALL-USD+0.0496%1h0.04527−0.012%$3K$167K5xas long as short
BingX RECALL-USDT+0.0934%4h0.04527−0.022%$6.5Mas long as short
OKX RECALL-USDT-SWAP+0.1004%4h0.04522−0.133%$128K$206K10xas long as short
Aster RECALLUSDT+0.1522%4h0.04520−0.177%$19K$20K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RECALLUSDTM+0.2036%4h0.04523−0.110%$581K$845K40xas long as short