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+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against OKX0.000%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1711.713% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.206%+$21 · spread now 0.000%, 7d avg −0.056%
Together, before fees+0.203%+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.056% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RECALL-USDT-SWAP0.045460.0708pay 0.0354% / 4h26m 52s$128K$207K10x
ShortBingX RECALL-USDT0.045460.0730get 0.0365% / 4h26m 52s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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
$4.56
Price spread: 0.000% → −0.056%
$5.59
Slippage, 4 orders
−$151.26
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$161.11
Costs to cover
1.713%
Break-even
254.3 days
Slippage from OKX: live order book, 28 min ago; BingX: live order book, 9 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 OKX live order book, 28 min ago6.62 bp49.0 bp −$4915497.8 bp −$155.0Kdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago7.71 bp33.3 bp −$33103.4 bp −$1,0341039.1 bp −$103.9K1330.0 bp −$665.0K

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%4h0.04536−0.220%$752K$238K25xas long as short
Gate RECALL_USDT+0.0100%4h0.04539−0.154%$62K$15K25xas long as short
Bitget RECALLUSDT+0.0100%4h0.04532−0.308%$705K$105K25xas long as short
Variational Omni RECALL+0.0100%4h0.04541−0.116%$6K$668as long as short
OKX RECALL-USDT-SWAPlong+0.0708%4h0.04546long leg$128K$207K10x
BingX RECALL-USDTshort+0.0730%4h0.045460.000%$6.5M
MEXC RECALL_USDT+0.0798%4h0.04544−0.044%$493K$137K50xas long as short
Extended RECALL-USD+0.0800%1h0.04542−0.078%$2K$175K5xas long as short
Binance RECALLUSDT+0.0800%4h0.04545−0.026%$1.4M$857K40xas long as short
Aster RECALLUSDT+0.1812%4h0.04532−0.308%$19K$16K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RECALLUSDTM+0.2792%4h0.04542−0.088%$581K$831K40xas long as short