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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−122.77%
3d Period Avg+19.81%
swing±36.74%
LONG OKX · nowBMNR-USDT-SWAP
−30.50%
3d avg:+3.07%
SHORT Bybit · now
−153.27%
3d avg:+22.88%
Entry Spread Now
+0.080%
Eaten by executionL 21.2800 · S 21.2970+$7.99 if it converges
24h range −0.76%…+0.28% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$4.73
−0.05%
$Avg Daily PnL
+$5.42
+0.0542%
★Best Day
+$8.43
Oct 15
◎Open Interest
⚡Funding APR
+19.79%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.