RECALL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0480%/8h= +52.6% APRnext payment +$2.40 per $10,000 · paid last 24h +0.008%

Price spread now: MEXC against OKX+0.066%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.066%, 7d avg +0.041%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.025% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.041%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.40 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	0.04557	0.0400	pay 0.0200% / 4h	2h 35m	$130K	$216K	10x
Short	MEXC RECALL_USDT	0.04560	0.0880	get 0.0440% / 4h	2h 35m	$498K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.066%Rate

Funding earned: $100.8
Price spread: +0.066% → +0.041%: $2.51
Slippage, 4 orders: −$143.04
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$53.72
Costs to cover: 1.570%
Break-even: 10.7 days

Slippage from OKX: live order book, 9 min ago; MEXC: live order book, 4 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, 9 min ago	7.65 bp	53.5 bp −$53	16767.7 bp −$167.7K	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.30 bp	22.6 bp −$23	105.5 bp −$1,055	891.6 bp −$89.2K	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	0.04542	−0.329%	$753K	$237K	25x	as long as short
Gate RECALL_USDT	+0.0100%	4h	0.04551	−0.132%	$62K	$15K	25x	as long as short
Bitget RECALLUSDT	+0.0100%	4h	0.04552	−0.110%	$712K	$108K	25x	as long as short
Variational Omni RECALL	+0.0100%	4h	0.04545	−0.268%	$6K	$667	—	as long as short
OKX RECALL-USDT-SWAPlong	+0.0400%	4h	0.04557	long leg	$130K	$216K	10x
Binance RECALLUSDT	+0.0872%	4h	0.04561	+0.085%	$1.4M	$867K	40x	as long as short
Extended RECALL-USD	+0.0880%	1h	0.04559	+0.052%	$2K	$163K	5x	as long as short
MEXC RECALL_USDTshort	+0.0880%	4h	0.04560	+0.066%	$498K	$142K	50x
BingX RECALL-USDT	+0.0908%	4h	0.04552	−0.110%	—	$6.5M	—	as long as short
Aster RECALLUSDT	+0.1784%	4h	0.04554	−0.060%	$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	+0.2354%	4h	0.04554	−0.066%	$584K	$818K	40x	as long as short