RECALL arbitrage explained
Right now Recall (RECALL) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0442 and the highest bid on OKX perp at $0.0443.
The widest RECALL perpetual spread is between Bybit and OKX: long RECALL on Bybit at $0.0443 and short on OKX at $0.0443 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.030% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RECALL route is to buy spot on Gate and short the perpetual on OKX: +0.20% gross, +0.00% net.
Spot–spot RECALL arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small RECALL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: RECALL funding rates · RECALL spread charts · Recall price · arbitrage scanner for all coins.