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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 never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β92.28%
7d Period Avgβ5.52%
swingΒ±44.77%
LONG OKX Β· nowBSP-USDT-SWAP
+6.59%
7d avg:β29.37%
SHORT Bybit Β· now
β85.68%
7d avg:β34.89%
Entry Spread Now
β0.018%
NeutralL 55.9300 Β· S 55.9200
24h range β0.43%β¦+1.14% Β· median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$31.57
β0.32%
$Avg Daily PnL
β$1.51
β0.0151%
β
Best Day
+$11.34
Oct 14
βOpen Interest
OKX$1.30M
Bybit$1.06Mβ‘Funding APR
β5.51%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
OKX$11.53MBybit$4.55MLoading 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$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.