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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
−2285.67%
3d Period Avg+107.10%
swing±149.19%
LONG OKX · nowBTW-USDT-SWAP
−445.82%
3d avg:−347.23%
SHORT Gate.io · now
−2731.49%
3d avg:−240.13%
Entry Spread Now
+0.542%
In your favorL 0.6535 · S 0.6570+$54.19 if it converges
24h range −2.14%…+3.13% · median +0.70%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker-0.010%/taker0.075%
Sparse settlements: long 3%, short 39% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$92.57
−0.93%
$Avg Daily PnL
−$22.52
−0.2252%
★Best Day
+$5.17
Nov 14
◎Open Interest
OKX$1.23M
Gate.io$7.97M⚡Funding APR
−82.21%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
OKX$12.22MGate.io$12.80MLoading 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 (−$25.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.