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: Bybit against OKX−0.198%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$551as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5485.479% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.198%, 7d avg −0.165%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.033% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.165%). Swap the legs.
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 38m | $130K | $216K | 10x |
| Short | Bybit RECALLUSDT | 0.04537 | 0.0100 | get 0.0050% / 4h | 2h 38m | $752K | $237K | 25x |
OKX RECALL-USDT-SWAP
Bybit RECALLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.63
- Price spread: −0.198% → −0.165%
- −$3.3
- Slippage, 4 orders
- −$526.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$619.87
- Costs to cover
- 5.479%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Bybit: 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, 6 min ago | 7.65 bp | 53.5 bp −$53 | 16767.7 bp −$167.7K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 9.86 bp | 129.7 bp −$130 | doesn't fit | 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 RECALLUSDTshort | +0.0100% | 4h | 0.04537 | −0.198% | $752K | $237K | 25x | |
| Gate RECALL_USDT | +0.0100% | 4h | 0.04552 | +0.132% | $62K | $15K | 25x | as long as short |
| Bitget RECALLUSDT | +0.0100% | 4h | 0.04538 | −0.176% | $710K | $108K | 25x | as long as short |
| 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 | +0.092% | $1.4M | $867K | 40x | as long as short |
| Extended RECALL-USD | +0.0912% | 1h | 0.04548 | +0.043% | $2K | $163K | 5x | as long as short |
| BingX RECALL-USDT | +0.0924% | 4h | 0.04549 | +0.066% | — | $6.6M | — | as long as short |
| MEXC RECALL_USDT | +0.0926% | 4h | 0.04549 | +0.066% | $497K | $142K | 50x | as long as short |
| Aster RECALLUSDT | +0.1829% | 4h | 0.04551 | +0.110% | $19K | $16K | 5x | as long as short |
Gate RECALL_USDT
Bitget RECALLUSDT
Variational Omni RECALL
Binance RECALLUSDT
Extended RECALL-USD
BingX RECALL-USDT
MEXC RECALL_USDT
Aster RECALLUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RECALLUSDTM | +0.2434% | 4h | 0.04549 | +0.066% | $584K | $818K | 40x | as long as short |
KuCoin RECALLUSDTM