RECALL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0327%/8h= −35.8% APRnext payment −$1.63 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against OKX−0.088%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1841.836% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.088%, 7d avg −0.172%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.084% dearer against OKX than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.172%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.032% in total) that is about 18 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 per $10,000. 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	OKX RECALL-USDT-SWAP	0.04546	0.0427	pay 0.0213% / 4h	2h 39m	$130K	$216K	10x
Short	Bitget RECALLUSDT	0.04542	0.0100	get 0.0050% / 4h	2h 39m	$710K	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$68.63
Price spread: −0.088% → −0.172%: $8.39
Slippage, 4 orders: −$161.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$243.86
Costs to cover: 1.836%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 6 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 OKX live order book, 5 min ago	7.65 bp	53.5 bp −$53	16767.7 bp −$167.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 6 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	0.04541	−0.110%	$753K	$237K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04552	+0.132%	$62K	$15K	25x	as long as short
Bitget RECALLUSDTshort	+0.0100%	4h	0.04542	−0.088%	$710K	$108K	25x
Variational Omni RECALL	+0.0100%	4h	0.04550	+0.083%	$6K	$667	—	as long as short
OKX RECALL-USDT-SWAPlong	+0.0427%	4h	0.04546	long leg	$130K	$216K	10x
Binance RECALLUSDT	+0.0911%	4h	0.04550	+0.093%	$1.4M	$867K	40x	as long as short
BingX RECALL-USDT	+0.0924%	4h	0.04549	+0.066%	—	$6.5M	—	as long as short
MEXC RECALL_USDT	+0.0926%	4h	0.04548	+0.044%	$497K	$142K	50x	as long as short
Extended RECALL-USD	+0.0928%	1h	0.04549	+0.069%	$2K	$163K	5x	as long as short
Aster RECALLUSDT	+0.1829%	4h	0.04551	+0.118%	$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	+0.2434%	4h	0.04550	+0.088%	$584K	$818K	40x	as long as short