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updated —BTW Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+167.18%
3d Period Avg+50.50%
swing±166.28%
LONG OKX · nowBTW-USDT-SWAP
−4.14%
3d avg:−160.76%
SHORT KuCoin · nowBTWUSDTM
+163.05%
3d avg:−110.26%
Entry Spread Now
+0.703%
In your favorL 0.7212 · S 0.7263+$70.30 if it converges
24h range −3.45%…+9.49% · median +0.46%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 56%, short 39% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$18.89
+0.19%
$Avg Daily PnL
+$13.63
+0.1363%
★Best Day
+$37.85
Nov 14
◎Open Interest
OKX$1.33M
KuCoin$3.37M⚡Funding APR
+49.75%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
OKX$15.90MKuCoin$4.44MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.