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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 ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+208.83%
3d Period Avg+109.73%
swing±75.85%
LONG Toobit · nowBTW-SWAP-USDT
−2770.92%
3d avg:−299.58%
SHORT Bitget · now
−2562.08%
3d avg:−189.85%
Entry Spread Now
+0.067%
Eaten by executionL 0.6913 · S 0.6918+$6.65 if it converges
24h range −3.03%…+2.88% · median −0.58%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 39%, short 39% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$11.05
+0.11%
$Avg Daily PnL
+$11.68
+0.1168%
★Best Day
+$20.24
Nov 13
◎Open Interest
⚡Funding APR
+42.65%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Loading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.