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updated —BTW 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
−100.37%
3d Period Avg+50.28%
swing±67.63%
LONG Gate.io · now
−2731.49%
3d avg:−240.13%
SHORT Bitget · now
−2831.86%
3d avg:−189.85%
Entry Spread Now
−0.044%
Eaten by executionL 0.6570 · S 0.6567−$4.43 if it converges
24h range −3.91%…+5.45% · median −1.03%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 39%, short 39% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$10.94
−0.11%
$Avg Daily PnL
+$5.35
+0.0535%
★Best Day
+$7.05
Nov 13
◎Open Interest
Gate.io$7.97M
Bitget$19.03M⚡Funding APR
+19.54%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Gate.io$12.80MBitget$4.82MLoading 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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.