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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~5.0d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+16.14%
7d Period Avgβ9.66%
swingΒ±61.26%
LONG OKX Β· nowBZ-USDT-SWAP
β16.66%
7d avg:β80.33%
SHORT Bybit Β· nowBZUSDT
β0.52%
7d avg:β89.99%
Entry Spread Now
+0.029%
Eaten by executionL 102.7300 Β· S 102.7600+$2.92 if it converges
24h range β0.19%β¦+0.19% Β· median +0.01%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$51.89
β0.52%
$Avg Daily PnL
β$4.27
β0.0427%
β
Best Day
+$17.32
Oct 9
βOpen Interest
OKX$21.53M
Bybit$14.40Mβ‘Funding APR
β15.60%
annualized Β· funding only
β Execution Cost
β$21.97
entry + exit fees
β±Payback
never
to break even
β§24h Volume
OKX$28.01MBybit$14.52MLoading Cumulative PnLβ¦
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 (β$21.97 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.